Franchising is an all-American business model that has enabled tens of thousands of veterans to become small business. Join Stacy Swift, owner of FranNet Colorado and a franchise industry expert, to learn how to separate the myths from the facts. What is a franchise? What are the requirements? How do you find the “best” one for you?
By: Stacy Swift, FranNet
Keller Williams Realty emphasizes associate leadership and the importance of individual real estate businesses. We believe we must remain flexible and innovative in the face of an evolving market and an increasingly Internet-empowered clientele. This slide show explains a little about our business model and our unique value proposition. Thanks for taking the time to check it out.
Franchising is an all-American business model that has enabled tens of thousands of veterans to become small business. Join Stacy Swift, owner of FranNet Colorado and a franchise industry expert, to learn how to separate the myths from the facts. What is a franchise? What are the requirements? How do you find the “best” one for you?
By: Stacy Swift, FranNet
Keller Williams Realty emphasizes associate leadership and the importance of individual real estate businesses. We believe we must remain flexible and innovative in the face of an evolving market and an increasingly Internet-empowered clientele. This slide show explains a little about our business model and our unique value proposition. Thanks for taking the time to check it out.
Entrepreneurship and Financing Options for InnovationSerdar Torun
The presentation outline is:
- Entrepreneur and Entrepreneurship in Turkey
- Financing Stages
- Financing Options (4Fs, Micro-credits, Business Angels, Corporate Venture Capital, Venture Capital, Public Capital Markets)
- Joint R&D
- Spin-Offs
Apohan is making the world's first strategic transaction platform. The highly ambitious new generation of SMEs need services for transactions (such as equity funding or JV) to grow. SMEs neither have a management capable of carrying out complex transactions nor know how to avail these services from consultants. Hence, strategic transactions are nearly absent in SMEs & the reason is lack of a economical, reliable service platform. Apohan's platform would bring the strategic transactions to the doorsteps of SMEs. Our platform caters to all ecosystem stakeholders, all parts of the transaction value chain & we capture exhaustive information of a business needed to take conclusive transaction decisions. Our platform is made to increase the success rate of transactions, reduce the cycle time, break the long broker chains & reduce the transaction costs. Apohan realizes counselling, screening & success charges. The company expects to close an unprecedented 100 transactions a day within 10 years. On the competition front, hardly 0.1% of fintech companies are in the transaction space & there is no transaction management platform in the whole world.
How one professional firm went from start up to $65 million in 10 years. Organizational design matters when it comes to growing and developing professional staff.
Inside The Mind Of The Venture Capitalist: An Introduction to Venture CapitalJ. Skyler Fernandes
The was the first is a series of presentations by Inside the Mind of The Venture Capitalist, presenting the basic foundations of Venture Capital and what Venture Capitalists look for in companies.
People are always asking for a list of fundamentals, a checklist they can use to start their own businesses. From your business type to your business model to your physical location, there are so many variables it's not easy to come up with a list that will work for everybody. The key, regardless of what type of business you're starting, is to be flexible!
Our affiliations with National and International Business Brokerage and Merger & Acquisition associations guarantee you that we adhere to the highest professional standards when helping you sell a business. And, as a client, these networks enable the Murphy business brokers to provide you with access to the broadest number of qualified, potential buyers - something you just can't get with many neighborhood real estate and business sales firms. Instead of having access to your own local market, we connect you worldwide.
Entrepreneurship and Financing Options for InnovationSerdar Torun
The presentation outline is:
- Entrepreneur and Entrepreneurship in Turkey
- Financing Stages
- Financing Options (4Fs, Micro-credits, Business Angels, Corporate Venture Capital, Venture Capital, Public Capital Markets)
- Joint R&D
- Spin-Offs
Apohan is making the world's first strategic transaction platform. The highly ambitious new generation of SMEs need services for transactions (such as equity funding or JV) to grow. SMEs neither have a management capable of carrying out complex transactions nor know how to avail these services from consultants. Hence, strategic transactions are nearly absent in SMEs & the reason is lack of a economical, reliable service platform. Apohan's platform would bring the strategic transactions to the doorsteps of SMEs. Our platform caters to all ecosystem stakeholders, all parts of the transaction value chain & we capture exhaustive information of a business needed to take conclusive transaction decisions. Our platform is made to increase the success rate of transactions, reduce the cycle time, break the long broker chains & reduce the transaction costs. Apohan realizes counselling, screening & success charges. The company expects to close an unprecedented 100 transactions a day within 10 years. On the competition front, hardly 0.1% of fintech companies are in the transaction space & there is no transaction management platform in the whole world.
How one professional firm went from start up to $65 million in 10 years. Organizational design matters when it comes to growing and developing professional staff.
Inside The Mind Of The Venture Capitalist: An Introduction to Venture CapitalJ. Skyler Fernandes
The was the first is a series of presentations by Inside the Mind of The Venture Capitalist, presenting the basic foundations of Venture Capital and what Venture Capitalists look for in companies.
People are always asking for a list of fundamentals, a checklist they can use to start their own businesses. From your business type to your business model to your physical location, there are so many variables it's not easy to come up with a list that will work for everybody. The key, regardless of what type of business you're starting, is to be flexible!
Our affiliations with National and International Business Brokerage and Merger & Acquisition associations guarantee you that we adhere to the highest professional standards when helping you sell a business. And, as a client, these networks enable the Murphy business brokers to provide you with access to the broadest number of qualified, potential buyers - something you just can't get with many neighborhood real estate and business sales firms. Instead of having access to your own local market, we connect you worldwide.
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
Walter Abbott, Director of the SCORE DC Speaker Bureau, gives entrepreneurs tips on how to start their business at the Washington, DC Economic Partnership's Entrepreneur Road Map seminar (1/15/14).
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.
Franchising is a hot topic right now because it’s a great opportunity to expand your business. On May 1st, our experts – Ned Levitt and Kathy Steffan – ignited in a battle of lawyer vs. accountant to hold a 60-minute webinar on understanding the pros, cons & alternative options of Franchising your business.
To listen to this webinar and more from Welch LLP, visit our website at:
http://www.welchllp.com/resource-centre/videos/webinars/
Mesut Yavas | Begrijp bedrijfseigenschappen en bedrijfsactiviteitenMesut Yavas
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Franchise Growth Partners values building a community of Entrepreneurs of new and emerging franchise companies who share and learn through peer to peer interaction. We currently provide Consulting, Strategic & Operational Business Planning, Franchise Marketing and Lead Generation, Franchise Sales Training Certification, Legal Document Preparation (FDD), Franchisee Operations Manual, and essential support services to companies throughout the United States. Our support services include: Commercial Leasing, Franchisee Funding and a Cloud-based Franchise Operation System.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
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.
What is Enterprise Excellence?
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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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.
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
2. • 10 Years experience in the
Franchise Industry
• 27 Years Healthcare
Management experience
• 14 Years Independent
Consulting experience
Linda Belford
Franchise Placement
Specialist
3. Who is FranNet?
• 25 year old International Franchise
Consulting Firm
• Over 70 Offices in North America
• Worked with the SBA since 1987
• We match people who want to be in
business with a franchise that
meets their needs.
• NO COST!
4. Topics for Discussion
• Why Business Ownership?
• Three options for going into
business
• Small business in the U.S.
• Franchise Industry overview
• Simplifying the search.
5. Imagine for a
minute…
You are the owner
of a successful
business…
How would your life
be better?
Why Own Your Own
Business?
6. Why Own Your Own
Business?
What is it for
you?
Control
Financial
Security
No More
Layoffs
Money
Fulfillment Flexibility Independence
SUCCESS
8. Some of the
Answers
Risk:
A job is safer than a business
I’ll wait until the economy is better
Money:
A business costs a lot of money to start and run
Knowledge:
I don’t know where to start or find what I’m looking
for
Skills:
Running a business takes specific talents and
skills
9. Perception of Risk:
Job
Risk Increases
Is working for someone safe?
Short term yes, but …
• Can you be sure your job is safe?
• Can performance determine
security?
• Will you meet your long-term
financial goals of security and
retirement?
10. Business
Ownership
Risk Decreases
At first, owning your own
business can be scary,
but ...
• No one can take it away. You
can’t be downsized, transferred
or fired.
• You can grow the business at
the pace you want.
• The longer you own your
business the safer it becomes
11. Perception of Risk:
Economy
• Lost home equity
• Lost substantial portions investments portfolio
• Lost jobs and not sure where or if they will find
another
• Many industries are being: transformed,
restructured, and perhaps replaced
What Can You Count on for
Retirement Safety?
12. Lower Your Risks
Many businesses thrive in all
economic conditions
Concerned about starting a business
during poor economic times?
Lower the risk by looking for businesses
with specific market characteristics.
13. What About The Economy?
Growing markets driven by demographics
• Ex: Senior Care, Residential Repairs & Cleaning, etc.
Essential services
• Ex: Hair Care, Automotive, Damage Restoration, etc.
Business that help other small businesses thrive
• Business Coaching, Expense Analysis, Sales Training, etc.
Many businesses thrive in all economic
conditions
14. Things to Consider
• Professionals still need training
• People still want quality education for their kids
• Homeowners still prefer to fix their homes rather than move
• Businesses still need their offices maintained
• Employers outsource and use personnel companies rather
than
committing to new hires
Many businesses thrive in all economic conditions
18. Advantages
Disadvantages
Start Your Own Business
Advantages
• Total control
• Make all decisions
• Room for creativity
• No predetermined rules
• Large upside
• Build a business from your
passion
Disadvantages
• Must create systems
• Limited financial options
• Slow to ramp up
• High failure rate
19. Buying an Existing Business
Advantages
• Cash flow
• Good will
• Actual financial results
• Attractive to lenders
• Market established
• Customer base
• Employees in place
• Systems may be in place
• Owner financing
Disadvantages
• Cash flow
• Bad will
• May be overpriced
• Hidden seller motives
• Employee defection
• Higher debt service
• Poor training and support
20. Buying a Franchise
Advantages
• Name recognition/ licensed trademark
• Proven business system to start and operate
• Training and support (initially and ongoing)
• Marketing expertise / Purchasing power
• Lower failure rate
• Lower cost / Financing options
• Location choices
• Ability to conduct unbiased research
• Disclosure
• Franchise family
21. Disadvantages
• Fewer industry options
• Structured operating system in some franchises
• Territory restrictions
• Can only sell their products
• Ongoing royalty payments
• Little initial cash flow from
start-ups
Buying a Franchise
23. Franchise is…
A license to use:
• Name and trademarks
• Products
• Business Systems
In exchange for:
• Initial franchise fee
• Ongoing royalties
24. Government Disclosure:
FDD
• Franchisor Info
– Time in business
– Business experience
– Bankruptcies
– Litigation
• Costs
– Total Investment
• Franchise fee
• Other fees
(Adv, Equipment, Supplies, Insurance, etc.)
• Working capital
– Royalties
• Franchise Contract
25. • Obligations for Franchisor
& Franchisees
• Territory
• Listing and Contact
Info For:
• Current franchisees
• Past franchisees
• Earnings Claims
• Financial Statements
• Manager Policy
• Renewal, Termination & Transfer Policies
Government Disclosure: FDD
35. Franchising Fact
#3:
FACT:
• It’s The System
• McDonald’s started when there was a
burger joint on every corner.
• More recent examples are in Consumer
and Business services
37. Franchising Fact
#4:
FAC
T:
Average Initial Investment
Range
Percentage
Under $50,000 13%
$50,001 to $100,000 17%
$100,001 to $250,000 28%
$250,001 to $500,000 23%
Over $500,000 18%
Source December 2010 FranData
38. Financing Facts:
How Much Do I Need?
Typically, 25-30% of the total
investment will be your
money.
Financing is relatively easy to
get for 70-75% of the total
investment including working
capital.
39. Financing Facts:
Sources:
• Personal savings
• Friends, relatives or partner
• Home equity line of credit
• Financial Institutions
• Seller financing – resale
• 401K, IRA, etc.
44. Franchising Fact
#6:
FACT:
•Franchisors want a person that can use their
system.
•They want someone who will focus on being an
owner
– business and management skills
– people and communication skills
•Proven Process
– Franchisor trains on how to use their system
45. Why Own a
Franchise?
• 900,000 franchised businesses provide
21 million jobs
• Over $2.3 Trillion Dollar Business
• Provide $660.9 Billion of annual payrolls
• There are over 3,100 franchise concepts
in over 90 different categories.
46. Why Pay
Royalties?
• Good franchisors lose money in the
short term on almost every
franchisee
–Small royalty payments
–Support costs are high
• They make money in the long term
–Bigger royalty payments
–Support costs are low
47. Why Pay
Royalties?
You’re making a trade-off:
You’re exchanging some profits in
the long term for risk reduction in
the short term
48. Franchises Are Not
All the Same
• Many Units vs. Fewer Units
• Older, well established vs. Newer
• Structured vs. Flexible Systems
• Expensive vs. Inexpensive
There is no automatic correlation between
the cost of the franchise and the potential
return.
49. Why Franchising
Works
Proven, systematic approach to starting
and staying in business
– Experience
– Simplicity
– Initial Training & Ongoing Support
– Name Recognition
– Sales, Marketing & Operational Systems
– Culture of Teamwork
50. Why Franchising
Works
You’re in business for yourself, but not
by yourself…. franchises are a hybrid
between corporate executive and an
entrepreneur.
51. Be Aware of Statistics
• Big franchisors skewed the percentages because
they had few failures
• Not all units are still run by the founder
• There are no average franchises
• You should only care about your success
• Make sure the franchise you are interested in is a
great fit for you
52. Why Own a
Franchise?
If you pick a franchise that is
a great fit for you, it is:
– Vehicle that can get you to your
destination while meeting your
lifestyle and financial goals
– Way to reduce risk
53. How Do You Find a
Business That is a Great Fit?
Separate the
function of the
business,
from the
function of the
business owner!
55. What Do You Want
From the Business?
• Challenge, recognition,
prestige
• Build equity for retirement
• Time for family and interests
• Independence and control
• Financial security
57. Your Business
Model
Types of
Customers
Service or
Product
New or Established
Industry
Room for Growth
Other Items?
Employee
s
Budge
t
Business
Environment
Full or Part-time
Hours
Number of Units
Business
Preferences
60. STEP 3:
Meet with your
consultant and get the
full understanding of
your PFA results
61. STEP 4:
Together, we will
develop your
unique Business
Model and
establish the
criteria for your
ideal business
62. STEP 5:
At this point, your
consultant will
recommend the
businesses that fit your
model and put you in
touch with the franchise
companies
63. STEP 6:
Now the work
begins!!
You will be busy
learning about each
business – talking
with company
representatives and
ultimately current
franchise owners
64. STEP 7:
Your consultant will be talking
with you once a week to review
your research.
We do not sell
franchises. Our job is to
help you gather the facts and
decide if the businesses you
are considering are the right
ones. We can always change
direction and companies if your
model evolved.
66. Thank You!
Connect with Me:
www.LinkedIn.com/in/lmorrisbelforwww.LinkedIn.com/in/lmorrisbelfor
dd
Linda Belford
(810) 423.3956
lbelford@frannet.com | www.frannet.com
Editor's Notes
Welcome and Thank You
Encourage questions
Names and expectations from seminar
- Food & Retail – location drives the business
- B2B/C - brains drive the business
- No demand in last 6-7 years for food & retail (less opportunity for growth & success))
Focus on under $100K investments, service and B to B businesses.
Give personal examples of clients who got financing.
Demonstrate how to leverage 401K
good franchise companies are looking for franchisees who have good general business skills—management skills, people skills, communication skills, possibly sales/marketing skills or operations skills (depending on the business)—they are not looking for people who are necessarily experts in the particular industry because they won’t follow the system!