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Out On Your Own 2009
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Out On Your Own 2009

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  • 1. The Entrepreneur’s Source
    • Everything you wanted to know
    • about Franchising
    • but didn’t know who to ask
    • John Culliney MBA
    • The Entrepreneur’s Source
  • 2. Beyond Mc Donald's - Food for Thought
    • Starting your own business.
    • What is Franchising
    • Advantages/Disadvantages & Benefits of Franchising
    • Why is Franchising so successful
    • Finding the right Franchise
    • Why would an Entrepreneur look at the franchise option
    • Do I have what it takes to own a franchise.
  • 3. Starting A New Business
    • Advantages Disadvantages
    • Lower start-up cost Requires more time and effort
    • Independence and creative High risk of failure
    • freedom High start-up costs
    • Freedom with location and Takes longer to become
    • procedures profitable
    • An opportunity to draw Financing may be more
    • on you past experience. difficult to obtain
  • 4.
    • A franchise is the agreement or license between two independent parties which gives:
    • A person or group of people (franchisee) the right to market a product or service using the trademark or trade name of another business (franchisor)
    • The franchisee has the right to market a product or service using the operating methods of the franchisor
    What is a Franchise
  • 5. Advantages of owning a Franchise
    • Owning a franchise allows you to go into business “for yourself, but not by yourself” – training, consulting & coaching.
    • A franchise provides an established product or service which already enjoys widespread brand name recognition.
    • A franchise increases your chances of business success because you are associating with proven products, a brand name and methods.
  • 6. Disadvantages of owning a Franchise
    • The franchisee is not completely independent.
    • Manage the business within the boundaries of the agreement.
    • Loose total creative freedom.
    • Exposed to a culture or market direction change.
  • 7. Benefits
    • Access to live information – “pre-investment”
    • Proven formula
    • Quick “turn-key” operation
    • Cooperative buying power
    • Instantaneous Goodwill
    • Established Brand recognition
    • On-going support & success tools
    • You have the benefit of other owners experience
  • 8. Why is Franchising so Successful?
    • A proven system
    • Training and ongoing support
    • Being in business for yourself,
    • but not by yourself
    • Win-win relationship …
    • starts with mutual benefits
    • and grows from there
  • 9. Why do Businesses fail?
    • There are many reasons for failure:
    • Lack of skills
    • Lack of resources
    • Working “in” the business
    • not “on” the business
  • 10. How Successful is Franchising? Most are still in Business after 10 years
  • 11. What are Franchisors Looking For?
    • Owner…not a Technician
    • Transferable skills
    • Willingness to follow a system of procedures
    • Ability to execute
  • 12. Questions To Ask Yourself
    • Do I know why I’m getting into business?
    • Am I willing to follow the process?
    • Am I willing to work hard?
    • Do I have access to start-up capital?
    • Can I support myself during the early months?
    • Are family & friends supportive?
    • Will I do whatever it takes to ensure success?
    • Does the business model support my goals?
  • 13. Finding the Right Franchise
      • Education
      • Profiling
      • Validation
      • Selection
      • Success
    Where Do You Begin?
  • 14.
    • About us : The Entrepreneur’s Source
    • A coaching organisation that works with entrepreneurs and individuals who are exploring start-up or self employment, & businesses who are wishing to expand and improve results
    • Our tools are education, coaching, and the knowledge of hundreds of franchise and other system-based opportunities available worldwide
    • 95% of our successful clients end up in opportunities that they would not have explored on their own, or would have prematurely dismissed
    “ Your success is our only Business”
  • 15. "If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." Jim Rohn The Entrepreneur’s Source
  • 16. The Entrepreneur’s Source
    • THANK YOU
    • John Culliney MBA
    • The Entrepreneur’s Source
    • 0862532704