Comments on: 5 Fantastic Things About Franchising http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html Exploring the trends driving small business Sat, 26 May 2012 02:28:25 +0000 hourly 1 http://wordpress.org/?v= By: How's Your Search For an Executive Position Going? http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-1237409 How's Your Search For an Executive Position Going? Tue, 24 Jan 2012 22:41:02 +0000 http://smallbiztrends.com/?p=12803#comment-1237409 [...] Of course, franchise ownership isn’t for everyone. But, you do get some Fantastic Things. [...] [...] Of course, franchise ownership isn’t for everyone. But, you do get some Fantastic Things. [...]

]]> By: How’s Your Search For an Executive Position Going? http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-1118741 How’s Your Search For an Executive Position Going? Mon, 10 Oct 2011 03:49:45 +0000 http://smallbiztrends.com/?p=12803#comment-1118741 [...] what I mean. Of course, franchise ownership isn’t for everyone. But, you do get some Fantastic Things. You may or may not be ready to explore owning your own business. Maybe getting another job is [...] [...] what I mean. Of course, franchise ownership isn’t for everyone. But, you do get some Fantastic Things. You may or may not be ready to explore owning your own business. Maybe getting another job is [...]

]]> By: Fantastic Franchising - Business Opportunities Weblog http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-1064358 Fantastic Franchising - Business Opportunities Weblog Tue, 14 Jun 2011 21:26:17 +0000 http://smallbiztrends.com/?p=12803#comment-1064358 [...] In today’s economy one might ask what is so great about starting a franchise, they may feel there are more risks than there is benefits. However, there are actually some really great aspects and postives to starting a francise recently discussed on Small Business Trends. [...] [...] In today’s economy one might ask what is so great about starting a franchise, they may feel there are more risks than there is benefits. However, there are actually some really great aspects and postives to starting a francise recently discussed on Small Business Trends. [...]

]]> By: franchise attorney http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-785080 franchise attorney Mon, 02 Aug 2010 23:36:23 +0000 http://smallbiztrends.com/?p=12803#comment-785080 great info. i have written a few guides to franchising myself. a lot of the problems stem from people making uninformed decisions....have you been following the burger king case? great info. i have written a few guides to franchising myself. a lot of the problems stem from people making uninformed decisions….have you been following the burger king case?

]]> By: Fantastic Franchising | Business Idea of the Day http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-678914 Fantastic Franchising | Business Idea of the Day Thu, 05 Nov 2009 05:19:03 +0000 http://smallbiztrends.com/?p=12803#comment-678914 [...] In today’s economy one might ask what is so great about starting a franchise, they may feel there are more risks than there is benefits. However, there are actually some really great aspects and postives to starting a francise recently discussed on Small Business Trends. [...] [...] In today’s economy one might ask what is so great about starting a franchise, they may feel there are more risks than there is benefits. However, there are actually some really great aspects and postives to starting a francise recently discussed on Small Business Trends. [...]

]]> By: Twitter Trackbacks for 5 Fantastic Things About Franchising | Small Business Trends [smallbiztrends.com] on Topsy.com http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-666312 Twitter Trackbacks for 5 Fantastic Things About Franchising | Small Business Trends [smallbiztrends.com] on Topsy.com Sat, 29 Aug 2009 09:13:24 +0000 http://smallbiztrends.com/?p=12803#comment-666312 [...] 5 Fantastic Things About Franchising | Small Business Trends smallbiztrends.com/2009/04/5-fantastic-things-franchising.html – view page – cached The business model of franchising is phenomenal. Although franchise ownership is not for everyone, for those that align their skill sets with the right — From the page [...] [...] 5 Fantastic Things About Franchising | Small Business Trends smallbiztrends.com/2009/04/5-fantastic-things-franchising.html – view page – cached The business model of franchising is phenomenal. Although franchise ownership is not for everyone, for those that align their skill sets with the right — From the page [...]

]]> By: Business Attorney, Atlanta Business Attorneys and Lawyers | Atlanta Georgia Business Attorneys http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-658595 Business Attorney, Atlanta Business Attorneys and Lawyers | Atlanta Georgia Business Attorneys Mon, 04 May 2009 06:06:13 +0000 http://smallbiztrends.com/?p=12803#comment-658595 [...] Business Attorney Says: April 24th, 2009 at 2:12 pm. Another very perceptive article on franchising, Joel. I know you just said %26ldquo;five things%26rdquo; and not %26ldquo;THE five things%26rdquo; but I would add ongoing management support as a benefit. … 5 Fantastic Things About Franchising | Small Business Trends [...] [...] Business Attorney Says: April 24th, 2009 at 2:12 pm. Another very perceptive article on franchising, Joel. I know you just said %26ldquo;five things%26rdquo; and not %26ldquo;THE five things%26rdquo; but I would add ongoing management support as a benefit. … 5 Fantastic Things About Franchising | Small Business Trends [...]

]]> By: Joel Libava http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-658270 Joel Libava Mon, 27 Apr 2009 10:33:19 +0000 http://smallbiztrends.com/?p=12803#comment-658270 Hi Andy, Although this is a pro-franchise model article, I am a very balanced franchise industry writer, and if you look at past articles here and on The Franchise King Blog, I think you will see what I mean. Sounds like you may have had a negative experience as a franchisee, but looking at the work you do, it may be that you were never really a fit for franchising as a business model. You run your own show as a consultant, much like me. I would make a lousy franchisee, because I am way too bull-headed, and entrepreneurial. You said "Most franchises put their money into selling more franchises than supporting and training their existing franchisees. Talk to the successful and failing franchisees before you take the plunge." Do you data to support that claim? You also wrote that "The franchise network and system is everything! Good franchise system are characterized by shared power between the franchisees and the franchisor. McDonalds doesn't make an advertising decision not affirmed by their franchisee leaders. McD's is THE Rolls Royce of franchising. Most franchisors don't have active franchisee advisory councils at the level McD's does. This franchise is so big that they have more than one council. By the way, the franchisor has the power. It is supposed to. Thank you for reading and commenting on my article. The Franchise King Joel Libava Hi Andy,
Although this is a pro-franchise model article, I am a very balanced franchise industry writer, and if you look at past articles here and on The Franchise King Blog, I think you will see what I mean.

Sounds like you may have had a negative experience as a franchisee, but looking at the work you do, it may be that you were never really a fit for franchising as a business model. You run your own show as a consultant, much like me. I would make a lousy franchisee, because I am way too bull-headed, and entrepreneurial.

You said “Most franchises put their money into selling more franchises than supporting and training their existing franchisees. Talk to the successful and failing franchisees before you take the plunge.”
Do you data to support that claim?

You also wrote that “The franchise network and system is everything! Good franchise system are characterized by shared power between the franchisees and the franchisor. McDonalds doesn’t make an advertising decision not affirmed by their franchisee leaders.

McD’s is THE Rolls Royce of franchising. Most franchisors don’t have active franchisee advisory councils at the level McD’s does. This franchise is so big that they have more than one council. By the way, the franchisor has the power. It is supposed to.

Thank you for reading and commenting on my article.

The Franchise King
Joel Libava

]]> By: Andy Birol http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-658264 Andy Birol Mon, 27 Apr 2009 09:24:19 +0000 http://smallbiztrends.com/?p=12803#comment-658264 As a former marketing manager of a very large and successful franchise, VoiceTel, I think there is another side to franchising that would balance Joe's exuberance. Going point by point: 1. Most franchise models aren't proven and run out of gas or are too undercapitalized or commoditized to get needed traction. Be very careful the dream you are being sold is a realistic business. 2. Most franshises put their money into selling more franchises than supporting and trainng their existing franchisees. Talk to the successful and failing franchisees before you take the plunge. 3. Marketing is the great downfall of a franchise that starts to flounder. It is expensive and franchisors start to butt heads with their franchisees over this. Ensure that the marketing plan is funded and the franchisees agree it makes sense. 4. Technology is critical and the successful franchisor will have coninually invested in this. 5. The franchise network and system is everthing! Good frnachise system are characterized by shared power between the franchisees and the franchisor. MacDonalds doesn't make an advertising decision not affirmed by their franchisee leaders. The most fundamental question to ask is, why not run a business without joining a franchise. If you can survive the first couple years you will be better off going it alone. Check out www.andybirol.com for ideas on how to decide and build your owne business. As a former marketing manager of a very large and successful franchise, VoiceTel, I think there is another side to franchising that would balance Joe’s exuberance. Going point by point:

1. Most franchise models aren’t proven and run out of gas or are too undercapitalized or commoditized to get needed traction. Be very careful the dream you are being sold is a realistic business.

2. Most franshises put their money into selling more franchises than supporting and trainng their existing franchisees. Talk to the successful and failing franchisees before you take the plunge.

3. Marketing is the great downfall of a franchise that starts to flounder. It is expensive and franchisors start to butt heads with their franchisees over this. Ensure that the marketing plan is funded and the franchisees agree it makes sense.

4. Technology is critical and the successful franchisor will have coninually invested in this.

5. The franchise network and system is everthing! Good frnachise system are characterized by shared power between the franchisees and the franchisor. MacDonalds doesn’t make an advertising decision not affirmed by their franchisee leaders.

The most fundamental question to ask is, why not run a business without joining a franchise. If you can survive the first couple years you will be better off going it alone. Check out http://www.andybirol.com for ideas on how to decide and build your owne business.

]]> By: Fantastic Franchising - Sales Entrepreneur .net http://smallbiztrends.com/2009/04/5-fantastic-things-franchising.html#comment-658189 Fantastic Franchising - Sales Entrepreneur .net Sun, 26 Apr 2009 02:21:26 +0000 http://smallbiztrends.com/?p=12803#comment-658189 [...] In today’s economy one might ask what is so great about starting a franchise, they may feel there are more risks than there is benefits. However, there are actually some really great aspects and postives to starting a francise recently discussed on Small Business Trends. [...] [...] In today’s economy one might ask what is so great about starting a franchise, they may feel there are more risks than there is benefits. However, there are actually some really great aspects and postives to starting a francise recently discussed on Small Business Trends. [...]

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