Be Your Own Boss

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    14-Sep-2014

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This presentation tells you about the world of franchising. Why it's a great strategy to start your own business and how we can help you make the best choice.

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<ul><li><p>FranchisingIs It a Strategy That Fits You?</p></li><li><p>Is Franchising Right for You?70% of all people have thought seriously about owning their own business.</p><p>Is it the right venture for you?</p></li><li><p>Common Reasons for Business OwnershipControl your own financial freedomBuild an asset for future saleCreate more control and freedom for your timeFair reward - make money for yourself instead of the companyEmotional fulfillment of building your own dream</p></li><li><p>Common Reasons for Business OwnershipSatisfaction and happiness in day-to-day activitiesBuild an asset to pass on to family membersCreate an opportunity to work with familyRemove threat of job lossReplace lost income streamOther?</p></li><li><p>What is a FrantrepreneurFrantrepreneur(fran*tre*pre*neur) n.One possessing the desire to be a businessowner -- without the desire to recreate thewheel -- by following a proven system for thebenefit of personal and professional goals.</p></li><li><p>The Frantrepreneur MentalityIm in business for myself, but not by myself.I have the opportunity to learn from the success and failure of others.I want a bottled process for success that I can use in developing my own successful business.Why would I work for someone else when I can work for myself and reap the rewards of my efforts?"</p></li><li><p>What is a Franchise?Franchising is a method of distributing goods or services to consumers. The franchise system owns the right to the trademark of the business. The franchisee purchases the right to use the trademark and operating system.</p></li><li><p>Franchise StatisticsFranchise businesses account for about 50% of all retail sales in the United States.1 out of every 12 business is a franchised business.A new franchised business is opened every 8 minutes of every business day.Franchise businesses employ more than 14 million Americans.There are an estimated 1,500 franchise companies operating in the U.S. doing business through more than 316,000 retail outlets.More than 75 industries use franchising to distribute goods and services to consumers.</p></li><li><p>Franchise OpportunitiesMost people associate the word franchise with fast food restaurants. But, there are many more types of franchise businesses, including everything from advertising to automobile repair, printing services to party supplies and many more.</p></li><li><p>Categories of FranchisesTo name just a few optionsAccounting/tax services * Hotels, CampgroundsTransportation * Computer/ElectronicsClothing/Shoes * CosmeticsFitness * FloristsFoods * Packaging/ShippingFitnessCall us for a complete list of options!</p></li><li><p>Well-Known FranchisesMcDonalds * Curves (fitness centers)Alphagraphics * Block BusterDale Carnegie * Century 21 Real EstateRadio Shack * Molly MaidGreat Clips * SubwayBig O Tires * Baskin Robbins</p></li><li><p>Franchise SuccessFranchises have a 90%+ success rate.Most people cant even predict that they can keep their jobs with a 90% certainty.</p></li><li><p>Franchising Whats It All About?Franchising is not a business or industry itself</p><p>Franchising is a business strategy</p><p>Franchising is a strategy of the Franchisor designed to penetrate and dominate a marketplace</p><p>Efficient distribution systemHamburger meat, muffler parts, coffee grounds Knowledge, training, software, databases</p></li><li><p>Franchising Whats It All About?Leverage growth through resources of stakeholdersKnowledge, experience, effort, purchasing power, financialSimilar goals &amp; unified thinking among participantsStrategic-Partnership</p></li><li><p>Elements of a FranchiseBrand - the Franchise name associated with the products or services delivered in a memorable and satisfying experience</p><p>Operating System institutionalizes an excellent service delivered in a memorable experience so it can be done over and over again from unit to unit in a consistent manner</p></li><li><p>Elements of a FranchiseSupport System helps the Franchisee get better and better at delivering the service in a memorable experience helps a Franchisee improve their performance</p><p>Franchisee the individual motivations or reasons for being a part of a vibrant system</p></li><li><p>Value of Franchise SystemsReduced Risk Proof of success is in placeOperating System Success Formula has been established for youYou dont have to re-create the wheel or many wheelsOther Franchisees with their feet on the street emulate the bestAdvice &amp; support from the Franchisor position of experience</p></li><li><p>Value of Franchise Systems contCollaboration Share best and worst practices with similar people</p><p>Systems continually adjusted, changed, &amp; improved</p><p>Training systems</p><p>Sales &amp; marketing strategies and systems</p><p>Manuals &amp; other documentation</p></li><li><p>Value of Franchise Systems contLetters, contracts, agreements, documents all in placeDevelopment costs shared resourcesPurchasing powerMany others</p></li><li><p>Entry to a Franchise SystemFranchise FeeThe franchise fee is the cost of putting the Franchisee into the business of the Franchisor, not as a partner, but as a participant.Entry fee to the point of the completion of the initial training programsAccess to all of the Franchisors systems</p></li><li><p>Entry to a Franchise System contRoyalty FeeThe Franchisors share of the customers money generated by each Franchisee using the Franchisors systemsThe oil that makes the engine run</p></li><li><p>Entry to a Franchise System contAdvertising &amp; Marketing FeeUsed to build Brand presence to benefit all membersAdvertising campaigns, marketing campaigns, co-op programs, search engine optimization, creative artwork, collateral development costs, etc.</p></li><li><p>Making an Informed DecisionSystem of discovery two-way exchange of information</p><p>Step-by-step qualification system should be in place</p><p>Open &amp; honest exchange of information </p><p>30 120 days to complete the due diligence process</p></li><li><p>Making an Informed Decision contShould never feel pressure to move too quickly yet the information you need must be accessible usually on a schedule set out by the Franchisor</p><p>Includes open access to all Franchisees in the system</p><p>The goal is to feel comfortable to make an informed decision about becoming Strategic-Partners</p></li><li><p>Franchisor DisclosureExchange information on a fair and equitable basisFormal Disclosure DocumentsNo decisions documents for 14 daysCooling off period final documents for 7 daysFull disclosure of all FranchiseesEarnings Claims most dont, some doFinancial performance data will be obtained from Franchisees</p></li><li><p>Important Consideration Exit StrategyHow will the business be valued at time of exit?Do the customers/clients carry an ongoing future cash flow value?How will the value be affected by changing demographic conditions?How will the value be affected by changing competitive environment?Franchisor should be willing to discuss</p></li><li><p>Questions to Ask YourselfHow much capital do you have to invest?How much liquid assets do you have?Do you require a specific level of annual income?Are you interested in pursuing a particular field?Are you interested in retail sales or performing a service?Do you want a part-time or fulltime opportunity?How many hours are you willing to work?</p></li><li><p>Questions to Ask YourselfDo you want to operate the business yourself or hire a manager?Do you want to have employees?Do you want to have inventories?Do you want to have Accounts Receivables?Will franchise ownership be your primary source of income or will it supplement your current income?Would you be happy operating the business for the next 20 years?Would you like to own several outlets or only one?</p></li><li><p>Facing the Fears Realizing the DreamFear of change, failure, unknown perfectly natural</p><p>Naysayers are everywhere the fire hose brigade</p><p>Listen to advisors but trust yourself too</p><p>Face it feel it blast past it the only path to the dream</p></li><li><p>Realizing the DreamIt will never be the perfect time where all the stars line upOpportunityFinancesFamilyMarket ConditionsDemographicsAdvisors </p></li><li><p>Franchise Broker/Consultant ValueMoney help avoid wasting your resources pursuing less than optimal matches for youTime spend my time to help you sort through thousands of Franchise optionsSecurity in decision making help you eliminate systems that dont fit for you and your characteristicsKnowledge apply my specialized Franchise knowledge and experience for your benefit</p></li><li><p>Franchise Broker/Consultant ValueProvide education about Franchising</p><p>Interview/Profile/Discuss/Follow up</p><p>Identify characteristics most important to you</p><p>Help identify best options for you</p><p>Match your qualifications to appropriate systems</p></li><li><p>Franchise Broker/Consultant ValueHelp with selection of systems to learn about</p><p>Introduction to appropriate personnel at those Franchisors</p><p>Act as a buffer between you and Franchisor</p><p>Help with information exchange process</p></li><li><p>Golden Opportunities</p><p>If you dont follow your dream, you will be working for someone who did!</p></li><li><p>Contact InformationTraci Mousetis, OwnerBen Adamo, Ownerwww.AffordableBusinessConcepts.comOffice: (480) 626-2287Fax: (480) 706-0385Toll-free: 866-388-3576E-mail: info@abcbyob.com</p></li></ul>