The franchisor is providing a structure for the franchisee to follow, yet its up to the franchisee to take responsibility for his or her business growth and success.
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How to Find New Customers - Outreach Formula 2.0 - The £multi-million Sales ...Marketing Republic UK
If you want to find new customers for your business, then here is an overview of our ££££multi-million prospecting process that will transform your business. After years or testing and trialling at Marketing Republic a specialist B2B Sales Prospecting & Business Development Agency we have managed to master the perfect process that we call the OUTREACH Formula 2.0
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An entrepreneur invests a lot of time and money in refining a business model.
• A franchise is a very good opportunity to leverage this investment and replicate a successful model.
• Both, the franchisor and the franchisee can generate profits individually from this wealth of knowledge.
• The franchise industry is growing world over as well as in India.
• In India after liberalization, the franchise model of business took off and has never looked back since.
How To Quickly Attract High Value Clients And Create A Group Coaching ProgramKenny Goodman
In this presentation Kenny Goodman reveals his Client Accelerator Formula so you can attract high value clients and leverage your service delivery so you can create more freedom from your business.
How to Find New Customers - Outreach Formula 2.0 - The £multi-million Sales ...Marketing Republic UK
If you want to find new customers for your business, then here is an overview of our ££££multi-million prospecting process that will transform your business. After years or testing and trialling at Marketing Republic a specialist B2B Sales Prospecting & Business Development Agency we have managed to master the perfect process that we call the OUTREACH Formula 2.0
This flipbook is an introduction to how the OUTREACH Formula was formed.
http://www.outreach2.com/
An entrepreneur invests a lot of time and money in refining a business model.
• A franchise is a very good opportunity to leverage this investment and replicate a successful model.
• Both, the franchisor and the franchisee can generate profits individually from this wealth of knowledge.
• The franchise industry is growing world over as well as in India.
• In India after liberalization, the franchise model of business took off and has never looked back since.
How To Quickly Attract High Value Clients And Create A Group Coaching ProgramKenny Goodman
In this presentation Kenny Goodman reveals his Client Accelerator Formula so you can attract high value clients and leverage your service delivery so you can create more freedom from your business.
A presentation looking at the criteria for a business wanting to expand through franchising.
Looks at the various franchise models and also other business expansion models.
End result is that any succesful franchise is probably a mix of the various models.
There are as many models of Franchises as there are business multiplied by the different ambitions and desires of the owners of those bsuinesses.
Orignally given at Ortus Local Enterprise SAgency in Belfast as part of their Franchisor Business Development Program
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Ever woken up to an angry customer at 3 in the morning, and wondered if there was a better way? Learn the best practices of setting up support channels, prioritizing issues, managing SLAs, creating a powerful self-service experience, and more.
How Starbucks Became the Apple of CoffeeGraham Brown
If you owned stock in Starbucks and Apple, you'd be sitting on a 1000% return on your investment over the last 7 years.
The phenomenal rise of these two companies is the result of clear focus on their brand marketing strategy, one which required a conscious split from traditional BRANDING based advertising, to marketing fit for the 21st century: BRAND EXPERIENCE.
In this presentation, we'll look at the success story from the Starbucks side: a case study of how Starbucks became a loved brand like Apple and the 5 factors that underpin its class-leading marketing strategy.
The Storyteller's Secret: 3 Keys to Mastering Storytelling to Win Hearts and ...Carmine Gallo
Why do some ideas catch on and others don't? Inspired by his new book The Storyteller's Secret, bestselling author and master storyteller Carmine Gallo reveals how some of the most successful TED speakers and business legends use storytelling to win hearts and minds. Find out more about The Storyteller's Secret and download a free chapter at storytellerssecret.com.
Today we all live and work in the Internet Century, where technology is roiling the business landscape, and the pace of change is only accelerating.
In their new book How Google Works, Google Executive Chairman and ex-CEO Eric Schmidt and former SVP of Products Jonathan Rosenberg share the lessons they learned over the course of a decade running Google.
Covering topics including corporate culture, strategy, talent, decision-making, communication, innovation, and dealing with disruption, the authors illustrate management maxims with numerous insider anecdotes from Google’s history.
In an era when everything is speeding up, the best way for businesses to succeed is to attract smart-creative people and give them an environment where they can thrive at scale. How Google Works is a new book that explains how to do just that.
This is a visual preview of How Google Works. You can pick up a copy of the book at www.howgoogleworks.net
How to Franchise Your Business Franchise Connect Consulting RagersvilleIndia
The History of Franchising
What Makes a Good Franchisor
Turning Your Business into a Franchise
Why Use Franchise Connect / Signature Franchising
The Process
Questions and Answers
Expert franchise consultants india -2021Sparkleminds
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The franchiser has promotion as one of the Modern Methods are Social media marketing and perfect match google ads and SEO on your website we bring a customized solution from our brand owner and expand a brand anywhere in India.
Accredited Online Training provide nationally recognised training at the Certificate II, Certificate III, Certificate IV and Diploma level, as well as elearning across a range of subjects. Interested in e-learning? Find out more.
An Employment Franchise offers individuals the opportunity to establish their own business within the dynamic field of staffing and workforce solutions. As a franchisee, entrepreneurs gain access to a proven business model, comprehensive training, ongoing support, and a recognizable brand name in the industry.
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The top way to investor and investment without any flows top experts here
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Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
4. The relationship between a franchisee and a franchisor is a unique one. It is
often seen that franchising is described as a parent/child relationship, with the
franchisor acting as a parent offering guidance and direction and willing the
franchisee to succeed.
While this is true, it can be a little misleading too because that comparison
categorises the franchisee into a secondary role. The franchisor is
providing a structure for the franchisee to follow, yet it’s up to the franchisee
to take responsibility for his or her busiThe franchisor will not jeopardise the
greatness growth and success.
er good of the entire franchise system to see one franchisee succeed,
especially if that franchisee is on a path that does not adhere to the one laid
out by the franchisor. Each franchisee need to understand that he is an
independent business owner. And it’s the efforts of the franchisee that will
ultimately determine whether he or she succeeds or fails.
There can be a lot of discontent in a franchise relationship due to
miscommunication, false expectations, or lack of involvement. If each side
does its part, the relationship can be a long and healthy one and can even
take the franchise owner from a single-unit owner to multi-unit powerhouse.
5. Keys to a Strong Bond between Franchisee and Franchisor
6. The world of franchising is an attractive business model to follow because it offers a
proven system with tangible results already in place. It appears to be a “plug and
play” scenario where one simply has to add themselves to the system and get
success. But like any business, it’s not that simple. So it’s important that a franchise
and a franchisor develop a healthy relationship and take it to the next level. There is
a lot at stake on each side of the relationship. So let’s take a look at the top five
keys to building a healthy, successful and long-term franchisee/franchisor
relationship:
• Research Properly
Franchisors should go thoroughly and research every serious prospective
franchisee and scrutinise personal and financial backgrounds. They should carefully
evaluate each candidate’s potential for success in their system. Similarly
franchisees too need to research about the franchise opportunity. They can start
with a search online, spend time researching the company, and then talk to existing
franchise owners, go on a site visit etc.
• Communicate
In a franchisee/franchisor relationship, communication is key to success. This is
about sharing ideas and best practices and having a method for feedback and input.
It is having the tools to allow the franchisor to communicate with the franchisee and
for the franchisee to provide feedback.
7. • Right tools to Succeed
Since franchisees are buying into a successful business model, it is important that
they have the proper tools and systems to replicate that success. This will include
things like: an initial training program, training manuals and franchise support
materials, equipment, guidance on staff training and hiring, access to the advertising
and marketing programs and materials
• Be Responsible
A franchise-franchisor relationship will be strong when each side fulfills their
responsibilities. While the franchisor must provide each franchisee with the
necessary systems, materials and training to succeed, a franchisee needs to follow
the outlined systems and training and adhere to operational standards of the
franchisor.
• Plan things well
The good thing with a franchise model is that the franchisor has already done the
groundwork, testing and experimenting to build a successful business model. The
company has developed standards that define its brand to the public and has put
systems in place to ensure that those standards are met and adhered to by each
franchise owner. Now it is important that the franchisees plan things well and don’t
rush for success.
9. The franchise industry in Delhi-NCR is on a roll. Be it quick-service restaurant chains
like McDonald’s or KFC or salon chains like Lakme, Looks or Monsoon Salon & Spa,
there is a sudden demand, with a host of new franchises being formed. As with any
other investment, the burden is on you to research a franchise carefully. Here are few
questions you should ask before buying a franchise, even an established one. Don’t
be afraid to ask about the franchise’s plans:
• Are they planning to open company-owned stores as opposed to franchise outlets?
Make sure they can’t put a company-owned store in your territory.
• Will they solicit customers directly via the Internet or a toll-free telephone number?
Make sure the franchise will pass on to you any inquiries they may receive directly
from customers in your territory.
• Will they offer new products and services through a separate, related franchise
under a different trademark?
11. A franchisee and franchisor share a very cordial relation with each other. To
give a definition, a franchise is an investment in which you pay another
business and gain right to use its business model and products. A franchisor is
the party granting the right, and the franchisee is the party buying the right. So
let’s take a look at the responsibilities these entities have to maintain a cordial
business model.
Franchisor Responsibilities
• The franchisor typically helps a new franchisee get off the ground, providing
advice concerning location, setup, equipment, staffing, supply sourcing,
advertising, staff training, etc.
• The franchisor also gives you required training you need to carry out the day
to day work.
• He guides you through various facets of the business and helps you with his
experience in the field.
• The franchisor also helps you through large-scale advertising campaigns.
12. Franchisee Responsibilities
• The franchisee pays the franchisor a startup fee and may be a percentage of
future gross revenues.
• The franchisee also follows certain rules set by the franchisor with regard to the
business.
• he franchisee also need to maintain certain quality standards, keep prices in
line with the franchisor’s overall business strategy.
13. Looking for the Best Franchise? Here’s what you Need to Know
14. At a time when individual opinions carry more weight because of social media and
the power of the Internet and when information itself is has become a common
commodity, we often tend to get confused when it comes to investing in property or
business. And more often than make the wrong decision.
So before investing in a business opportunity, it’s important that one understands and
measures the opportunity rightly. Be it the quality of the brand or its performance in
recent time, here are few steps or measures one should keep in mind before
investing.
• Quality of End-consumer Product or Service
In this age of opportunities, one should always remember that customers are never
bereft of choices. They can easily move on to some other brand if not satisfied.
Therefore, the end-consumer product or service becomes very important for a
franchisee to look for before investing.
• Quality of the Franchise System and Mechanisms
It is important that the franchisee you are looking to invest has a transparent system
in place. This will help keep all the transactions open to the franchisee and the
franchisor, invoking more trust among each other.
• Quality of the Franchisor
You should also know how the franchisor deals with the commitments made. Are they
having good leadership skills? Will they provide the needed support? These are few
questions that should be clear before signing the agreement.
16. We have already discussed some of the common mistakes people make when
buying a franchise. Opening a franchise may seem like a simple way to run your own
business. But rarely is business simple. Whether you’re looking to open a fast food
joint, a gym or even a salon, below are a few nuggets of wisdom to contemplate
before taking the plunge.
• Don’t buy a franchise to ‘be your own boss’
Franchising is based on conformity and uniformity. As a franchisee, you do not really
hold the reins. You may technically be the boss of your shop, but you must follow the
rules of the franchisor.
• Understand that franchisors can succeed even if franchisees fail
Though it’s true that the franchisor can make more money if its various locations do
well, they can rake in plenty even when they’re not.
• Imagine failing
It takes confidence and enthusiasm to startup your own business, even if it is an
established franchise. Keeping your hopes up can lead to setting aside the idea that
you could fail. Do not do that.
• Consider doing it yourself
How much are you really getting from a larger franchise organisation? Is it worth the
monthly payments to the franchisor? A lot of franchisees come to feel that it isn’t but
the reality is the opposite.
17. • Imagine failing
It takes confidence and enthusiasm to startup your own business, even if it is an
established franchise. Keeping your hopes up can lead to setting aside the idea that
you could fail. Do not do that.
19. It is often seen that people are confused before buying a franchise. And the most
common confusion that they have in mind is what it takes to succeed as a franchisee.
What are some of the characteristics or skills that he/she needs to increase his/her
chances of success?
This is a right question, and one of the most important things to focus on as you
contemplate a move into franchising. There are five key characteristics that can
determine your success as a franchisee. They are:
Risk Aversion: Many people think that to succeed as a franchisee, you need to be a
gambler. However, that’s not the case. It’s a proven model and success will come
soon.
System Orientation: Don’t shy away from franchising because you assume you
need a burning entrepreneurial spirit to become a franchisee. That’s simply not true.
Coachability: The motto of franchising is ‘Business for yourself, but not by yourself’.
Successful franchisees learn from others in their franchise system.
Hard-worker: Successful franchisees have a willingness to do whatever it takes to
get the job done.
20. Management Skills: Successful franchisees always have excellent interpersonal
skills and can effectively interact with their employees and customers.
22. While franchising’s prevalence in the Indian economy indicates that franchisees can
succeed, hundreds of franchisees fail each year. And the most frequent reasons for
their fall is lack of funds, poor people skills, reluctance to follow the formula, a
mismatch between franchisee and the business and poor management. Often, it’s
the small stuff that separates winners from losers.
Among the most common mistakes new franchisees make is signing on before
adequately researching the business. Study what it will take to run the business
successfully. And be realistic. Owning a franchise is rarely a get-rich-quick scheme.
Choosing the right business to own from the start is enormous. Do your research,
call all the franchisees, understand the investment, dig in to all the information you
can, and be sure. Make sure you have buy-in from people who will affect your
success (husband, wife, partner, etc.). Choose the business you can commit time to
building, be a passionate, engaged operator, follow the path laid out for you and
make your dreams of ownership successful.
Don’t forget: You have to follow the rules, too. Franchises aren’t designed for the
independent-minded. They depend on a by-the-book execution of a business plan,
adherence to time-tested systems and a willingness to follow directions.