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Site of the Month for November 2011

November 13th, 2011 10:33 pm

Franchise Directory
Site of the Month for November 2011 talks about Franchising Opportunities. Directory Franchise is an online web directory provides franchises links such as automotive, business, financial, law, advertising and promotion, food, drink, health, beauty, computer, internet and more.

What are some of the Benefits and Responsibilities of Franchise Ownership?

August 3rd, 2011 2:06 am

“There are a number of aspects to the franchising method that appeal to prospective business owners. For example, easy access to an established product and a proven method of operating a business reduces the many risks of opening a business. In fact, U.S. Small Business Administration and U.S. Department of Commerce statistics show a significantly lower failure rate for franchised businesses than for other business start-ups. The franchisee purchases not only a trademark, but also the experience and expertise of the franchiser’s organization. However, a franchise does not ensure easy success. If you are not prepared for the total commitment of time, energy and financial resources that any business requires, you should stop and reconsider your decision to enter the franchise business.

A franchise typically enables you, the investor or “”franchisee,”" to operate a business. By paying a franchise fee, which may cost several thousand dollars, you are given a format or system developed by the company (“”franchisor”"), the right to use the franchisor’s name for a limited time, and assistance. For example, the franchisor may help you find a location for your outlet; provide initial training and an operating manual; and advise you on management, marketing, or personnel. Some franchisors offer ongoing support such as monthly newsletters, a toll free 800-telephone number for technical assistance, and periodic workshops or seminars.”