1. And... we're back. You'll notice that all of your images are back as well, as are our beloved emoticons, including the infamous :foo: We have also worked with our server folks and developers to fix the issues that were slowing down the site.

    There is still work to be done - the images in existing sigs are not yet linked, for example, and we are working on a way to get the images to load faster - which will improve the performance of the site, especially on the pages with a ton of images, and we will continue to work diligently on that and keep you updated.

    Cheers,

    Fok on behalf of the entire Styleforum team
    Dismiss Notice

Franchising

Discussion in 'Business, Careers & Education' started by ANIKETOS, May 1, 2011.

  1. ANIKETOS

    ANIKETOS Senior member

    Messages:
    396
    Joined:
    Dec 14, 2009
    Location:
    Somewhere
    Does anyone here have experience with franchising?
    I have been looking at lots of good franchises that would do well in my country but I'm looking for the advice of those who have done that.My main problem is i want to take their franchise internationally,which sometimes they are reluctant to do just yet.the other of course is at i don't have experience in the line of business im franchising.for example they want someone in the fast food industry to franchise x fast food company.it's understandable,but i am not an idiot to invest so much money if i wasn't going to hire the right people.can anyone help,has anyone overcome such a thing?
     
  2. ANIKETOS

    ANIKETOS Senior member

    Messages:
    396
    Joined:
    Dec 14, 2009
    Location:
    Somewhere
  3. Blackhood

    Blackhood Senior member

    Messages:
    2,904
    Joined:
    Feb 5, 2010
    Location:
    Cambridge, UK
    1. You must have experience. No one is going to give you a part of their hard earned brand name, plus a shit load of bank loans if you've never even worked in a restaurant.

    2. After punctuation marks, there come spaces. Always.

    3. Calling members Small timers because they wont spend time pointing out that inexperienced business owners who can't even get hold of a franchise, let alone run it profitably, is not a good way to solicit good advice.

    The rules companies impose are there for a reason: if they wont sell you a franchise, there is probably a good chance that you shouldn't be sold one. A real businessman overcomes these problems, he doesn't solicit help from the internet.
     
  4. CouttsClient

    CouttsClient Senior member

    Messages:
    1,974
    Joined:
    Sep 16, 2010
    Location:
    Los Angeles/ DC/ The Gulf Coast/ Airplane...
    1. You must have experience. No one is going to give you a part of their hard earned brand name, plus a shit load of bank loans if you've never even worked in a restaurant. 2. After punctuation marks, there come spaces. Always. 3. Calling members Small timers because they wont spend time pointing out that inexperienced business owners who can't even get hold of a franchise, let alone run it profitably, is not a good way to solicit good advice. The rules companies impose are there for a reason: if they wont sell you a franchise, there is probably a good chance that you shouldn't be sold one. A real businessman overcomes these problems, he doesn't solicit help from the internet.
    I own a mid-size food company and have considerable knowledge about franchising but I'll leave it at this. +1
     
  5. Piobaire

    Piobaire Senior member

    Messages:
    50,197
    Joined:
    Dec 5, 2006
    Location:
    In My Douchemobile
    Smalltimers....

    Small timers franchise, ballers start companies.

    As far as real advice goes though, read the FDD (Franchise Disclosure Document) very carefully. This will spell out your relationship with Corporate.

    As far as "overcoming" requirements, good luck on that. They are put in place by Corporate to guard Corporate and make sure franchising is likely to benefit Corporate. Catch the drift?
     
  6. ANIKETOS

    ANIKETOS Senior member

    Messages:
    396
    Joined:
    Dec 14, 2009
    Location:
    Somewhere
    Thanx guys,knew that comment would get me something [​IMG] I finally had a breakthrough with a good company so wish me luck. I hope the discussion continues though about what you think some good franchises would be.
     
  7. Don Carlos

    Don Carlos Senior member

    Messages:
    7,527
    Joined:
    May 15, 2009
    So you really want to be a sharecropper, do you?
     
  8. odoreater

    odoreater Senior member

    Messages:
    8,739
    Joined:
    Mar 2, 2005
    Location:
    Elizabethtown
    I've represented franchisees on numerous occasions; however, they pay me a lot of money for my advice, and would be upset if I gave it away for free on the internet. Having said that, all I can say is that you have to be careful because there are a lot of unexpected potholes along the way.
     
  9. Texasmade

    Texasmade Senior member

    Messages:
    3,917
    Joined:
    Apr 26, 2008
    Location:
    Houston, TX
    I'm just going to say expect to work a shit ton. You can't just hire people and expect them to do the work for you because you paid them. You need to be there like 5-6 days a week or else they'll start stealing from you.
     
  10. ANIKETOS

    ANIKETOS Senior member

    Messages:
    396
    Joined:
    Dec 14, 2009
    Location:
    Somewhere
    I will be there like you said as much as possible, when things start to run smoothly i might assign a manager who has the same training as I have. I will then move on to opening more places, and repeat.
     
  11. HgaleK

    HgaleK Senior member

    Messages:
    4,972
    Joined:
    Jan 7, 2009
    Location:
    NY
    I will be there like you said as much as possible, when things start to run smoothly i might assign a manager who has the same training as I have. I will then move on to opening more places, and repeat.
    This is why you shouldn't franchise. You misunderstand both the nature if business and franchises. Don't do it. Lose a bunch of money on a startup before you try franchises.
     
  12. Lord-Barrington

    Lord-Barrington Senior member

    Messages:
    2,811
    Joined:
    Sep 20, 2010
    If you don't want your franchise to suck, you'll need to work like a dog.

    The place I get coffee in the morning near my work is a franchise and the girl who owns it is there from 5h00am to 4h00am Monday to Friday and sometimes seven days a week if she anticipates a lot of traffic. She has employees but she's usually behind the counter herself. I talk to her a lot and she enjoys having employees (and based on what I've seen and her turnover she treats them exceptionally well) but I you can tell the rest of it is a grind.
     
  13. RSS

    RSS Senior member

    Messages:
    10,042
    Joined:
    Apr 1, 2008
    Location:
    No.1 Nonsuch Place
    Smalltimers....
    I don't open franchise locations. I own the brand.
     
  14. ANIKETOS

    ANIKETOS Senior member

    Messages:
    396
    Joined:
    Dec 14, 2009
    Location:
    Somewhere
    This is why you shouldn't franchise. You misunderstand both the nature if business and franchises. Don't do it. Lose a bunch of money on a startup before you try franchises.
    I already opened a service oriented business and it's doing very well. We will probably expand our team by 100% soon.
     
  15. Reevolving

    Reevolving Senior member

    Messages:
    2,657
    Joined:
    Dec 25, 2009
    Location:
    San Fran
    I already opened a service oriented business and it's doing very well. We will probably expand our team by 100% soon.

    Adding that 2nd employee, I see.
     
  16. spertia

    spertia Senior member

    Messages:
    2,186
    Joined:
    Oct 11, 2006
    Location:
    Brooklyn
    Adding that 2nd employee, I see.

    [​IMG]
     
  17. Piobaire

    Piobaire Senior member

    Messages:
    50,197
    Joined:
    Dec 5, 2006
    Location:
    In My Douchemobile
    Adding that 2nd employee, I see.

    I actually lol'ed.
     
  18. Pilot

    Pilot Senior member

    Messages:
    2,663
    Joined:
    Jan 13, 2008
    I actually lol'ed.

    x2
     
  19. ANIKETOS

    ANIKETOS Senior member

    Messages:
    396
    Joined:
    Dec 14, 2009
    Location:
    Somewhere
    Lol not that far,it's actually 9 highly qualified in their fields. It's not that bad since it's running itself now and it's in a total different area of expertise than mine. Plus the market here is small so I'm impressed its up to 20 by now.

    Enough about me,can we get back to the subject at hand, What franchises do you frequent?
     
  20. Piobaire

    Piobaire Senior member

    Messages:
    50,197
    Joined:
    Dec 5, 2006
    Location:
    In My Douchemobile
    Sbux is about the only one I frequent. Most people here are probably not the profile franchise consumer.
     

Share This Page

Styleforum is proudly sponsored by