MOS World

Franchising is a method of doing business by which a franchisee is granted the right to engage in business under a marketing plan or system prescribed and controlled substantially or in part by a franchisor and to make substantial use of the franchisor’s trademark, name, logos, or advertising. The benefits of a franchise can be obtained through the purchase of either a new franchise or an existing franchise from a franchisee that’s already up and running. Each option has its benefits The benefit of buying a franchise is that much of the work has been done for you. Generally, you are given the product or service ready to sell. Often, the equipment, systems, policies, and procedures have all been laid out by the franchisor. The raw materials you need to produce your product or service is often available from the franchisor. There are a lot of franchising opportunities which you may have crossed out after realizing what you really want. More than looking at different well-known bran...

Before you take that huge step in grabbing a franchise opportunity, you need to ask yourself if this is really the kind of business that you want and if you are ready to take on the responsibilities. Remember that your thoughts of putting up a business is more than just to have something to keep you busy, but also to make it a successful one that can help sustain the needs of your family. After all, we know that being employed may not provide us the same satisfaction with regards to the financial aspect. NARROWING DOWN YOUR OPTIONS There are a lot of franchising opportunities which you may have crossed out after realizing what you really want. More than looking at different well-known brands, try to check on the type of business and specific concepts. Sometimes, narrowing down your options may lead you to a point of choosing whether to put up a business that you are comfortable with or to learn something new because it is what is currently in demand. FRANCHISOR DISCLOSU...

If you’re thinking of becoming your own boss, investing in a franchise business is one popular option that may be worth looking into. However, as tempting as it may be to just type the word, “Franchise” in your favorite search engine to “See what’s out there,” you’re going to need to know several things first. 1. The franchise model It’s been called the greatest business model ever invented, and has enabled hundreds of thousands of people that never owned a business before to do just that; become owners of their own business.The premise is simple; someone comes up with an idea for a product or service, implements it, and starts a business. The business turns out to be easily replicated. (Think pizza.) This person doesn’t really want to just use all of his or her own money to grow the business, so the hunt for an investor or two begins. It turns out that getting some investors is a smart choice.It’s just that the investors in this case are not only going to buy into the busine...

One of the primary motivators for owning a franchise is it allows you to go into business FOR yourself, but not BY yourself. That’s because you are buying into a proven business model leveraging an established brand with a built-in customer base. But franchising is not for everyone. Even though you are an owner, you must give up some independence. And it requires a significant capital investment to get started. The Pros Instead of having to reinvent the wheel, a franchisee gets a lot of support from the franchiser right out of the gate, offering a better chance for success. A franchise owner often receives help with: Site selection for optimal traffic with consideration for locations of competitive businesses Design and construction of physical facilities Financing to cover initial franchise fees plus start-up cost Training to learn the business and proven operational methods Grand opening programs to jump start the business National and regional advertising to grow sales ...

There are no limits on who can become a great entrepreneur. You don't necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However, what you do need is a strong plan and the drive to see it through. 1. Evaluate yourself. Why do you want to start a business? Use this question to guide what kind of business you want to start. If you want extra money, maybe you should start a side hustle. If you want more freedom, maybe it's time to leave your 9-to-5 job and start something new. 2. Think of a business idea. Do you already have a killer business idea? If so, congratulations, you can proceed to the next section. If not, there are a ton of ways to start brainstorming for a good idea. Also, go out and meet people and ask them questions, seek advice from other entrepreneurs, research ideas online or use whatever method makes the most sense to you. 3. Do market researc...

Buying a franchise can be a life-changing experience. Make sure it's a positive experience by doing your due diligence before signing a franchise agreement. A properly designed and executed franchise system can be an exceptional method of expansion, but franchise systems that are poorly designed or not well managed are to be avoided. Below are the top 10 reasons to consider investing in a franchise. 1  An Existing Franchise Is a Turnkey Business Many entrepreneurs have the skills to run an existing successful business, but don’t have expertise in all it takes to get a business up and running, whether that's obtaining financing or negotiating lease terms. Buying an existing franchise in a well-designed system can eliminate much of the hard work. 2  Proven System in Place When you buy a franchise, you buy a system - an entire method of doing business. Franchises have an established system in place that you must follow to distribute the franchisor's products ...

If you own a franchise business, selecting the right person to purchase a franchise from you is crucial to the success of your business. After all, this person will represent your brand to customers.The franchisee will own and operate their own business with a contract or license to use the franchise. This contract will define your relationship and how the business must be operated. Your resources One of the biggest considerations is both the financial and non-financial resources you are able and willing to invest into the franchise. Your resources will be the major deciding factor in what kind of franchise you invest in – a business-to-business franchise or a business-to-consumer franchise. Time and lifestyle How much time do you have to commit to becoming a franchisee? There is a huge range of franchises in Australia and each one demands a different amount of time from you. If you are attached to a certain lifestyle and unwilling to compromise, this could mean tha...

riving for new goals is a motivating way to get yourself out of the current economic funk. For many people, these goals include the desire to start their own business and become the master of their destiny, and franchising can fit very well into that picture. Here are the top 10 reasons to select a franchise opportunity if you want to own your own business. 1. Track Record of Success. Any good franchise company has developed a method of doing business that works well and produces successful results. Even better, they're required to provide you with a great deal of information in their required disclosures so you can investigate and verify the results with existing franchisees prior to making your final decision. 2. Strong Brand. One of the biggest advantages of franchising is that the company is building a brand on a regional or national basis that should have value in the eyes of customers you're trying to attract. 3. Training Programs. A good franchi...

A lot of people are drawn to franchising. If it’s right for you, it can be a road map to profitable business ownership. You can get in on a great idea or successful business that has a track record of success and a strong brand, and still run the business yourself.Franchise expert Joel Libava defines a franchise as “a type of business that is owned and operated by individuals (franchisees) but that is branded and overseen by a much larger—usually national or multinational—company (the franchisor).” Having a franchise means you’re getting on the bandwagon of an idea that’s already proven successful. Of course, as with any business, there are still challenges involved in starting a franchise and running one. As much thought will have to go into location, hiring, and management as any other type of business, even with the business model and brand laid out for you. And for some entrepreneurs, the loss of control (you are ultimately overseen by the franchisor) can be a challenge to th...

If you have determined that buying a franchise is the right choice for you, your next decision will be to decide exactly which service or product you'd like to invest in. Since you will be working in your franchise business for years or even decades, if all goes well, you will want to make sure you choose something that you will enjoy and be passionate about over the long haul. Numerous resources exist to help you research franchise opportunities. After you make a general decision about an investment, you will need to do some detailed legal and financial research into the strength of any company you select. 1 Choose a product or service that interests you.  You will be investing a great deal of time and money in any franchise you select. It is important that you find something that you are passionate about, so you will welcome the time that you spend. This heightened interest will put you in a better position to succeed.  2 Determine the level of personal involve...

Franchise organizations offer a structure for launching, operating and growing a business. Indeed, the successful franchisor will deliver the entire framework around which the business is built. Franchisors usually create comprehensive operations manuals and training programs for their franchise owners that cover marketing, operations, accounting, technology and other areas that are specific to the particular business model. These efficiencies are designed to enable franchise owners to earn more and spend less time and effort than otherwise would be required to open and operate a similar business on their own. Reasons to Buy a Franchise Corporate Image and Brand Awareness If you buy into a franchise system that is already established, the corporate image and brand awareness is already recognized. Customers are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust. Higher Likelihood of Success Buying a fra...

With so many different investment opportunities available to everyone, it can be extremely difficult to choose which opportunity you should go with. Here are some great benefits brought to you from care agency franchise, Home care preferred. This franchise brand is consistent, you get regular support, and when you invest in a franchise unit, you can expect to be supported by the franchisor for the entire time you are in business. A franchise also has regular fixed fees and legal disclosed documents. Please see the very educational infographic below for more reasons you should go down the route of investing in a franchise. 1. Tried and True   When you invest in an already created business model, you can have confidence the business will be successful if you work hard and follow the franchisor's instructions. Franchised businesses typically have a proven track record of success and can support nationwide expansion. 2. Trusted Brand  Another big advantage of ownin...

Franchises are appealing to new entrepreneurs who want the reduced risk of a proven product or service while still being their own boss. They can get support from the parent company or fellow franchisees to ensure success. The hardest decision, though, is which franchise to join. How do you choose? Even if you have a general idea of the industry you want to work in, there are numerous options in a variety of price ranges within each industry, leaving you the task of sifting through dozens of websites and information packets to find the one that's right for you. Business News Daily spoke with franchise industry experts and franchisees to aid you in the process of selecting a franchise to buy. Here are 5 steps to get you started off on the right foot: Step 1: Set Your Priorities for Buying a Franchise Step 2: Explore Your Options at a Franchise Show Step 3: Dig into the Key Details Step 4: Speak with Current and Former Franchisees Step 5: Conduct On-Site Due Dilige...

Deciding to take on a franchise is a big commitment with a number of keys factors to consider. So what should a new franchisee be looking for? My first point would be to look for franchises that are part of the British Franchise Association (bfa). To become a member, a franchisor has to go through an accreditation process – so you can be reassured that you are dealing with a reputable business. You can check membership on the bfa website.Make sure you shop around and don’t just speak to just one franchisor – no matter how much you like the business. Compare them to other, similar franchises or those with a similar cost set-up to make sure you’re making the right selection for you. Take advice from family members. Will they support you as the business starts, takes off and through any challenging times that might arise? Also, make sure you consult other professionals, such as a lawyer to check the agreement and an accountant to check the numbers.It is also good to ask the franchis...

Do your homework. Before you hand over any money, talk to other franchisees within the group and ask about their experiences. Don't accept franchises offered to you by the franchiser - instead ask for a list and pick your own.If this is a new franchise, be especially careful - has it been adequately piloted and over a sufficient period?Find out what the initial fee covers, what the continuing management fees are, how much working capital you need, whether the profit and loss projections are realistic, and what assistance you can get to prepare a business plan. DON’T Hurry. Short-cutting your research can increase your likelihood of failure. Over-extend, or be optimistic about your personal finances.Be realistic, and if anything,conservative. Skip consulting professionals.Saving on fees may deprive you of information critical to making a good decision. Settle. Get the business that you want, not the first one that comes along. Take anyone’s word. Find out for yourself. I...

A franchising business is vastly becoming a trend in the business world today. Many are enticed with the benefit it brings rather than having to build a new business from scratch. Before engaging in a franchise, here are some tips for you to know what to do to start up a franchising business. Have a clear busness concept As a business owner, you may be comfortable running on intuition. But as a franchisor, you'll want your franchisees to have a plan -- your plan -- in place for even the smallest of daily operations.Every step of the business must be included in your system, and that means the franchisor must know their business inside and out. You can’t expect your franchisees to understand the business if the franchisor doesn’t have a clear, defined concept themselves.  Research and gather information  There are hundreds or thousands of different franchising businesses in the market nowadays. So you need to study and do great ample time of research on what ar...

If you are planning to start a franchise business, you may commit a few mistakes in the initial stages since you are a new franchisee. But, if you follow the instructions and advice of your franchiser, you can avoid these mistakes. It is true that the franchiser may have also committed mistakes when they started their business but they would have learned from those mistakes, would have taken remedial measures and would not have repeated the mistakes. Only after crossing all those hurdles, these franchisers have reached this successful stage and are able to do franchising. Therefore, you can use their experience and gain immensely. If you ignore this point, it will cost you quite heavily. In the initial stages of your business, you can not afford to lose your money. After all, money well-spent is money saved or money earned. The franchiser must be consulted when you are making all your major decisions. When you are searching for an office space for running your franchise business,...

An entrepreneur considering opening her own business may consider purchasing a franchise. While a franchise business does not offer any guarantees, there are several advantages to owning one instead of starting a business from scratch. It is important that you weigh such benefits before deciding which option to pursue. Product Recognition  :-  A franchise business offers a product that has been marketed locally, nationally or internationally for years. When you invest in a franchise business, you are purchasing the rights to sell a product or service with which many people are already familiar. Marketing Help :-  Franchises benefit from the parent company's marketing programs, according to Entrepreneur.com. The marketing and advertising campaigns created by the parent company leave you with more time to focus on the daily running of your business. This is a win-win for both parties. It helps spur sales for your franchise, which, in turn, allows the par...

A franchise business opportunity refers to a business opportunity, wherein the person who enters into the agreement is permitted to do the business on-behalf of the other company. The company transferring the franchise rights provides the opportunity to use their products and services. It's a great opportunity for people desirous to start their own business.  The following advantages can be derived from a franchise agreement:  1) Use of existing products & services  2) Use of established brand  3) Training & support provided 4) Marketing materials 5) Marketing guidelines & support 6) Good profit sharing ration 7) Low investment to start with The success of a franchise business to a great extent depends on choosing a right franchise business company. There are many companies offering franchise business opportunities, however, the best franchise company is the one that has got years of market standing and positive r...

A franchise is basically a license to use an existing franchise business company's name, trademarks, products, services, and other resources in return for a share (percentage) in profits. A franchise business opportunity could be a great option to get into a particular business without experience and much investment. Usually, a franchise business company provides complete training & support to the person buying a franchise from them.  There are product as well as service based franchise business company in India. It all depends on the interest of a person when choosing between products or service based franchise. Following are the other leading franchise business opportunities available in India: Dixy Chicken. EuroKids International Limited. THANCO Fresh Fruitz Ice Cream. Pizza Corner. Kazari Apparels Private Limited. Gitanjali Jewellery Private Limited. MOS World Baskin Robbins Franchise The above listing shows various popular brands; however, here ...