What Does a Franchise Search Look Like
People often start off their search for franchises and aren't really sure what they want. They might know a facet of what they want, but they're not certain about everything they need to look into or think about. I thought it might be helpful for anyone interested in opening a franchise to get an idea of what everyone else is looking for. How the typical search goes before they connect with a franchise. What type of franchises people are typically looking for. And the most common reasons why people want to open a franchise.
What is an Area Representative?
The reason why anyone would choose being an Area Representative is that they are paid a certain portion of the initial franchise fee of each new franchisee they solicit as compensation. Aside from the sales commission the area representative may get paid by the franchisor a portion of the royalties received for servicing franchisees. In some cases, franchisors will pay the area representatives a portion of the fee received from new franchisees in the reps’ territory even though the area representative may have had nothing to do with the screening or recommending that particular franchisee. However, all these and other contingencies- such as compensation for furnishing many of the pre-opening and on-going services to the franchisee- should be covered in the area representation agreement.
4 Ways to Improve Employee Morale in a Recession
Whether you are a current owner looking to improve your franchise, or looking to get started in franchising, the issue of the recession is probably on your mind. Every small business or franchise owner needs to tighten the purse strings during a recession in order to stay afloat; it's a critical step in keeping your business solvent, but it can be detrimental for office morale. It is difficult to ensure employee productivity when your employees are more concerned about downsizing and losing their jobs. So how do you keep these employees happy and motivated when they know the business is in trouble?
5 Profitable Franchises for 2015
The point is that he was so blinded by his desire to open one particular franchise, that he had no idea about anything other than the brand name.