Book Description
This new definitive guide provides clear, concise explanations for finding, buying, operating, and growing a successful franchised business from top experts from the ASBDC and the American Association of Franchisees and Dealers (AAFD).
Checklists, forms, worksheets, and easy to follow strategies along with a sample franchise business plan and contract allow readers to discover how to: evaluate a franchise opportunity, develop forecasts and budgets, estimate start up costs, and get financing.
Customer Reviews:
A Must Read If You Are Seriously Considering Franchising.......2005-06-02
As the President of FranchiseInterviews.com, I am constantly reading books and articles on franchising. I consider Franchising 101 one of the best sources on franchising.
Simply the BEST.......2004-02-15
I have read 4 different books on franchising and would definately consider this one the best!
Opened my eyes.......2001-12-14
My husband and I are considering opening a franchise. Although we have business experience, neither of us have ever actually managed a retail store or food service establishment. We certainly had never negotiated a lease or franchise agreement. This book points out a lot of details that will help you protect yourself when negotiating with a landlord or franchisor. It also gets you to think about whether you are a good fit for this type of lifestyle and are you reviewing an appropriate territory for your business. I checked this book out at the library and now I am buying a copy so I can highlight it, make notes and such.
The Franchising Bible.......2001-08-26
Upon embarking on an endeavor to purchase a franchise business with my wife, we realized we knew nothing about where to start. We decided to start at the bookstore and purchase a book on franchising. We chose Franchising 101 because it appeared to be laid out in a format that was easy to read and follow -- we were right! This book has become our bible every step of the way. From analyzing the opportunity to digesting the UFOC, every question we have stumbled across has been answered by this book. In addition to the valuable information provided, we actually found our franchise attorney by contacting one of the contributing authors. Franchising 101 leaves no stone unturned in looking at this very important life decision. It is a MUST READ for anyone considering the purchase of a franchise business.
Practical Pragmatic Preparation.......2001-07-16
Practical, Pragmatic Preparation
Cooked up by CPA's, Attorneys and Insurance Brokers, with a dash of disgruntled franchisees and a pinch of fatherly advice from a Franchiser, this utilitarian dish is nothing if not healthy.
With a steady diet of this recipe, potential franchisees will leave the table full and satisfied and yearning for a VERY rich desert to make up for all the pragmatic, reasonable and intelligent ingredients used to prepare this three course meal.
Section 1: "Choosing Your Franchise" opens with a franchising history explaining how Singer Sewing Centers were the first franchiser in 1858. There are tales of early automobile dealerships, oil company and service station franchises, and motel chain successes that led to the explosion of the franchise phenomenon in the 1950's and 60's.
The most interesting portions describe the rise of Ray Croc's ëFranchise of the Centuryí, McDonald's. There's a promise of a "Good News Future" discussing the establishment in 1992 of the American Association of Franchisees and Dealers or AAFD, (the equivalent of a Franchisees union).
There are multiple warnings that you must be very clear of the large difference between an entrepreneur and a franchisee. It is simply stated that if you spend more time thinking about how things "could or should be" then it is likely you are an entrepreneur and franchising is definitely not for you.
Predefined trade dress, business practices, required equipment, signage, etc., are each carefully chosen and non-negotiable by the franchisee. Once again, the AAFD proudly defines newly negotiable items of contracts and leases while clearly stating that the Franchiser maintains the upper hand in all cases.
From the initial colorful history right into the bland body of "how-to" information through helping the potential franchisee to determine the selection, research, pricing, purchasing a franchise and choosing location and leasing details.
Finally there is a tale by a none too happy franchisee who thought long and hard but ignored danger signs in acquiring a business she had decided on before her research told her that this was a sour deal.
Section 2: "Acquiring your Franchise" is the main course and while definitely healthy and well prepared, it is something you read because it is good for you, not because you like it. This course is made up of a discussion of another acronym, the UFOC or Uniform Franchise Offering Circular. This is a federally mandated document outlining 23 tightly defined items which are illuminated to simplify them for the reader.
If you are purchasing a franchise, then this will always be the first and most important step in determining core issues about a particular Franchisor. Two attorneys walk you through the preparation of the franchise agreement, lease negotiation, incorporation, then come the CPA's with cash flow, banking, loans and business plans. It's all critical to those considering the purchase and highly informative as a checklist of important issues.
Section 3: "Managing your Franchise" is a discusses the managing, motivating, hiring and firing of employees. The bulk of this chapter is made up of more essential pragmatic requirements of market research, taxes, insurance, accounting, marketing and business management practices. This section chafes a bit with the fatherly advice of a franchiser who basically suggests that franchisees should respect their elders and be good kids and they will be rewarded with favoritism. Business should not be run on favoritism, but realistically, it's good advice as people skills often determine business success.
Altogether, what it all comes down to is that operating a franchise is serious business, that it takes money to make money, and that it will clearly be very hard work.
There are the benefits such as managing your own time, doing what you enjoy, scheduling your own vacations, and making major decisions without a boss hovering over you. It will leave those with a taste for perks and bonuses wanting. This is definitely your minimum must-have businesslike presentation without discussing even a few of the benefits of self-employment.
This step-by-step guide will no doubt be good for you if you've already firmly decided that franchising is the career path you wish to follow. Nothing is left out and there will be plenty of good information to answer your financial questions and set a course for smooth franchisee sailing.
After you make your decisions you'll definitely want to go elsewhere for convincing reasons to become a franchisee because Franchising 101 offers up only pragmatic, practical fare. This is the hard work without discussing any of the rewards to tantalize you and only a sad tale of one unhappy franchisee answer your questions regarding possible self-fulfilling careers.
Product Description
This book is a great resource for both prospective franchises and franchisors as it explains in detail what the franchise system entails and the precise benefits it offers to both parties
Customer Reviews:
Mr. Franchise Weighs In - . . . A Very Good Book.......2007-01-24
I was asked by the publisher to review-edit the chapters of this book. They liked my input so much, I was then asked to write the forward. Most, but not all, of my editorial comments-revisions were included in the published version. Unfortunately, they elected not to include my comments about the misleading nature of franchise 'success' statistics and some other critical information. For additional details about buying a franchise not included in this book, feel free to visit the Franchise Foundations website at www.franchisefoundations.com Peruse the "Buying A Franchise" and "Articles II' pages. These will provide additiional information and resources to use in making an informed evaluation-investment decision. That being said, this book stands head and shoulders above anything else that's currently published for the general public. Kevin B. Murphy, B.S., M.B.A., J.D.
Read This Book First, Buy Franchise Second.......2006-10-27
This book is a must for anyone even remotely considering the purchase of a franchise or, for that matter, considering the franchising of their own business. The title says it all, The Franchise Handbook, and it is indeed a comprehensive and thorough handbook treating all factors that must be considered before and after buying a franchise business.
The Handbook discusses approaches to the selection of a franchise; pre- and post-purchase financial issues; marketing, operating, and expanding the franchise; legal issues; and all of the factors that should be considered when contemplating the franchising of one's own business.
The Handbook is a remarkable resource, and provides pretty much all that the prospective buyer of a franchise should consider before and after making the decision.
Great Franchising Information.......2006-10-17
If you've ever considered owning a franchise, this book is for you. The book contains valuable information for researching and choosing the best franchise for you. The information in the book will help you consider all the important factors in a franchising business. An alphabetical listing of companies offering franchising is included in the back of the book. Each listing contains the address, contact person, phone numbers, email addresses and websites for every company listed.
The legal issues surrounding franchises are covered in depth in this book. Federal laws regarding franchises are discussed in the book. State laws and the difference between registration and relationship states are also covered. A list of franchise attorneys grouped by state is located in the back of the book as a handy reference. There is also a glossary of terms related to franchising to help you learn the terminology.
The financial aspects of franchises are discussed in the book as well. Each type of business entity is discussed and an easy comparison chart is included to help you easily see the differences between each type of business entity. The information on creating a business plan and getting financing is very helpful if you are new to the concept of franchise ownership. You will learn how to create a business plan, conduct a market analysis and create financial statements.
The Franchise Handbook covers all the bases........2006-10-11
The Franchise Handbook contains a LOT, and I do mean a LOT, of information about franchise systems. Included are step-by-step guidelines regarding how to research possible franchise options including how to estimate start up costs and how to finance the franchise purchase. Of course, the information doesn't stop there; the book goes on to outline how to prepare financial statements, how to conduct a market analysis, and how to successfully choose a franchise location. All pivotal to franchise success or failure.
Then, the book goes beyond that. It offers additional strategies on how to hire and manage employees, purchase and manage supplies, protect your franchise territory, and then, when everything is going just the way it should, how to expand your operations. The book is proactive toward developing successful franchise and business practices. It has an unbiased view of the facts and even lists the pros and cons of selecting a franchise model business. Chapter 18 looks briefly at legal issues that affect franchise models and Chapter 19 offers a list of companies that offer franchises and franchising resources.
This book is a great starting point for building a level of independence by living the American dream and becoming your own boss at your own business. A definite must read!
The must-read book for aspiring franchisees and franchisors.......2006-10-10
I've always dreamed of having a franchise of my favorite old-fashioned diner, and The Franchise Handbook has given me valuable insight into what to expect as a franchisee: from finding the initial startup costs and hiring employees to managing employees and purchasing supplies. The Franchise Handbook offers valuable, in-depth advice, even going so far as to offer tips on how to conduct your market analysis, so you don't need to hire an expensive market research firm. One of the unique, and most interesting, parts of the book is the section devoted to franchising your own business, which includes a detailed list of questions to ask oneself before making the decision to franchise.
This book also includes a list of franchises (with website, email address, and other pertinent information), an exhaustive glossary, and a plethora of links to helpful sites for the aspiring franchisee or franchisor. If you're considering becoming a franchisee or want to franchise your business, make sure you buy this book first! It's an easy, educational, and enjoyable read, definitely worthy of five stars!
Book Description
Let a franchising guru show you how it's done.
A multimillionaire who built Action International up from a home-based operation to the 16th fastest growing franchise in the world in just twelve years, with nearly 1,000 franchises worldwide, Brad Sugars is one of the most successful franchising experts in the world. With the help of real-life examples, including KFC, Subway, and Howard Johnson's, Sugars arms you with powerful information you can put into action-immediately. You'll discover:
- Everything you need to know about buying a franchise
- How to franchise your own business
- The pros and cons of franchising versus licensing
- Insider tips for selling a franchise
Get real results right now when you discover all that Instant Success has to offer!
Instant Advertising * Instant Cashflow * Instant Leads * Instant Profit * Instant Promotions * Instant Referrals * Instant Repeat Business * Instant Sales * Instant Team Building * The Business Coach * The Real Estate Coach * Successful Franchising * Billionaire in Training
Customer Reviews:
Let the Franchising Guru show you how it's done!.......2006-05-10
Successful Franchising reveals the process through which Bradley J Sugars built his company Action International into a worldwide business coaching leader.
The book teaches you how to buy and sell a franchise business, as well as the basics on how to franchise a new business enterprise. Sugars outlines the elements of the basic Business Chassis, a schematic that can be used to describe any and all businesses, and demonstrates how readers can use the Business Chassis to better understand their own business's future.
Successful Franchising provides business owners with the knowledge of how to go about speeding this transition. Successful Franchising gives entrepreneurs a clear and accessible recipe for franchising success so that they can start moving towards their own professional satisfaction.
Find out the why's and how's of successful franchising.......2006-01-04
Successful Franchising explains in Sugars' familiar, relaxed writing style how to buy and sell a franchise business, as well as the basics on how to franchise a new business enterprise. Sugars outlines the elements of the basic "Business Chassis," a schematic that can be used to describe any and all businesses, and demonstrates how readers can use the Business Chassis to better understand their own business's future.
The business methods Sugars outlines in Successful Franchising are drawn from the author's many years of professional success. Financially retired at 26, Sugars is a multi-million business mogul who assists, motivates, and trains hundreds of thousands of business professionals worldwide through books, DVDs, seminars, and Action International's team of business coaches.
Book Description
Franchises are today's hottest entrepreneurial opportunity - provided you know what you're doing. This issue-by-issue crash course shows franchisees how to ask the right questions, avoid the common pitfalls, and make an optimal purchase - from choosing a location and lining up a loan to navigating the legal mazes.
Customer Reviews:
simply fantastic.............2006-08-17
As prospective franchise purchasers, my wife and I highly recommend this book. It is well balanced, presenting the path from initial consideration, analyzing the data including the daunting UFOC, and a list of resources that are helpful. It is not biased towards the viewpoints of franchisers, which is one of the downfalls of the Dave Thomas book which is otherwise a good companion to this text.
It is simultaneously a good and quick read, but is also full of information. I hope that anyone interested in the franchise route will read this and learn from it.
Much better than the other books on franchising.......2004-11-17
I found this book very informative on the subject of franchising. It gives you a great deal of information to consider and look for. As for the questions it raises I went to the authors website and that helped somewhat but I still had questions that I needed to get answered so I found and expert to help me.
A little investigation, and Google, led me to George Knauf. I wanted to use everything available to me and the book was a good start, but don't dicsount the benefit of some good and experienced advice. The book was worth the investment and the advice was somehow free, how can you beat that?
AMAZING!.......2002-11-13
I started off with no knowledge of the franchising industry..until this book. Tips and Traps takes you through the whole franchise process. After devouring this book ( I am already on my fourth reading!), I have become a franchisee in an expanding food franchise! I would like to find Mary E Tomazack and shake her hand...she changed my life!
Very informative on questions about Franchising.......1999-10-28
Very informative and interesting on the Franchising Business
Tips and Traps When buying a Franchise is a Must Read!.......1999-05-08
The ABC's of franchising are all in Mary Tomzack's book Tips and Traps When Buying a Franchise. Clearly covered and simply explained are everything you want to and need to know about franchising. This book should be a must read for business majors and anyone interested in franchising. This book is worth the price of the book.
Book Description
The investment required to license a franchise is a substantial sum. The results can be tremendously lucrative, providing both financial and professional independence, but there are also plenty of potential pitfalls. Better Business Bureau’s Buying a Franchise: Insider's Guide to Success is packed with essential information, including worksheets, checklists, and charts. Experienced entrepreneurs from the Better Business Bureau guide investors from selecting a franchise to negotiating a contract to techniques for managing a profitable business.
Average customer rating:
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The Supply Chain Manager's Problem-Solver: Maximizing the Value of Collaboration and Technology (Apics Series on Resource Management)
Charles C. Poirier
Manufacturer: CRC
ProductGroup: Book
Binding: Hardcover
 General
| Business & Investing
| Subjects
| Books
Management
| Management & Leadership
| Business & Investing
| Subjects
| Books
General
| Marketing
| Marketing & Sales
| Business & Investing
| Subjects
| Books
Purchasing & Buying
| Industries & Professions
| Business & Investing
| Subjects
| Books
Manufacturing
| Industrial, Manufacturing & Operational Systems
| Engineering
| Professional & Technical
| Subjects
| Books
Production, Operation & Management
| Industrial, Manufacturing & Operational Systems
| Engineering
| Professional & Technical
| Subjects
| Books
Quality Control
| Industrial, Manufacturing & Operational Systems
| Engineering
| Professional & Technical
| Subjects
| Books
General
| Computers & Internet
| Subjects
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
ASIN: 1574443356 |
Book Description
The true promise and benefits of Supply Chain Management elude many organizations. Cultural limitations, a narrow view of the opportunities offered by and the need to access external resources juxtaposed with a lack of understanding of how technology can enhance business processes create resistance. The Supply Chain Manager's Problem-Solver: Maximizing the Value of Collaboration and Technology explores the benefits of a full network approach and illustrates specific actions that lead to success. The author uses case studies to validate the concepts and solutions, provides an easy to understand and apply methodology for getting to higher levels of progress, and explores areas of potential technology application that often get overlooked.
Average customer rating:
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Keys to Buying a Franchise (Barron's Business Keys)
Steven A. Fox
Manufacturer: Barrons Educational Series Inc
ProductGroup: Book
Binding: Paperback
General
| Business & Investing
| Subjects
| Books
General
| Investing
| Business & Investing
| Subjects
| Books
Management & Leadership
| Business & Investing
| Subjects
| Books
| Business Ethics
| Consolidation & Merger
| Decision-Making & Problem Solving
| Distribution & Warehouse Management
| Industrial
| Information Management
| Leadership
| Management
| Management Science
| Motivational
| Negotiating
| Operations Research
| Planning & Forecasting
| Pricing
| Production & Operations
| Project Management
| Quality Control
| Risk Assessment
| Statistics
| Strategy & Competition
| Systems & Planning
| Systems Analysis
| Teams
| Total Quality Management
| Training
General
| Finance
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
ASIN: 0812044843 |
Customer Reviews:
i think is good.......1999-06-04
hi! i am from malaysia my name is derrick chin i haven't read your book yet but i would like to make a better business with looking for something new to doing my own business in malaysia. do you think is it possible you can recomand some to me and give me some opinion ?? actully i am looking for a small business coz my capital is not that much. hope you will get back to me soon. your opinion is much apprecite. thank you
Average customer rating:
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Starting or Buying Your Own Business or a Franchise
Nico Swart
Manufacturer: Juta Academic
ProductGroup: Book
Binding: Paperback
General
| Business & Investing
| Subjects
| Books
Entrepreneurship
| Small Business & Entrepreneurship
| Business & Investing
| Subjects
| Books
General
| Small Business & Entrepreneurship
| Business & Investing
| Subjects
| Books
General
| Finance
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
ASIN: 0702158410 |
Book Description
Key personal financial planning areas and their far-reaching positive or negative implications are described in this guide for starting or acquiring a business. Entrepreneurs learn about starting their own business with discussions on various forms of business ownership, business plans, financing, family businesses, business documentation and records, and legal matters. More advanced topics include buying an existing business, assessing financial performance, break-even analysis, investment criteria, and problems an investor faces on purchasing a small business enterprise. Franchises are also covered as a way to expand an existing business.
Product Description
Many who make the decision to buy into a franchise do so because franchising is often considered more successful than staring your own business. A successful franchise business will have developed a formula and system that has been proven over many years. When buying into a franchise, you are buying a franchise system and structure as well as a brand. A good franchise system is one that provides a win/win for franchisee and franchisor. Just as there are poor franchisees, poorly managed franchise systems also exist. This book is designed to support you in the search for a franchise system and to assist you by becoming better informed in knowing what to look for. The insights contained in this book have come from Bill's background as a franchisor, a franchise strategic planner and as a mediator for the Franchise Code of Conduct. Don't make a decision without conducting extensive research. Take your time and think about the issues and then decide which system you can embrace and follow through with to a conclusion.
Average customer rating:
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Buying a Franchise
Manufacturer: socrates Media LLC
ProductGroup: Book
Binding: Paperback
ASIN: 1595462171 |
Product Description
Product Details:
Now you can learn everything you need to know about evaluating, buying and growing a franchise.
Evaluating and purchasing a franchise is a major life decision that requires careful deliberation. Purchasing a franchise could allow you to sell goods and services that have instant name recognition, and your franchiser can help provide training and ongoing support to help you succeed. But be carefullike any investment, purchasing a franchise is not a guarantee of success. Understand the basics and know the right questions to ask before you invest.
THIS BOOK HELPS YOU TO:
choose the right franchise
plan for your financial needs as a franchisee
hire great employees
market for long-term success
turn your buying and selling experiences into a lucrative career
The Included CD Contains the Following:
Business Law Dictionary
Buying a Franchise E-Book
12 Forms and Checklists:
Business Balance Sheet
Franchise Checklist
Marketing Options Worksheet
Monthly Cash Flow Projection
Net Worth Worksheet
Projected Monthly Budget
Understanding the Customer
Are you Ready to Be in Business Worksheet
Weekly Payroll Record
New Employee Information
Applicant Information
Commercial Lease
Contents reviewed and approved by attorneys or industry experts.
Books:
- Fundamentals Of Corporate Finance (Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate)
- Generation Debt: Take Control of Your Money--A How-to Guide
- Global Economic Issues and Policies with Economic Applications
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- How to Buy a House in California
- How to Buy a House in California
- How to Invest in Real Estate With Your IRA and 401K & Pay Little or No Taxes
Books Index
Books Home
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- Amazon Heat
Franchising For Dummies (For Dummies (Business & Personal Finance))
Tips and Traps When Buying a Franchise: Complete Revised and Updated
Franchise Bible
What No One Ever Tells You About Franchising: Real-Life Franchising Advice from 101 Successful Franchisors and Franchisees (What No One Ever Tells You About...)
Street Smart Franchising
