The HR Dept Franchise ’s Post

Territory Protections Are Important In Franchising- Here is what to look for Is it exclusive? No other franchisees should be able to perform services in your area without your permission, not even if they made the sale outside of your territory. Can the franchisor sell in your territory? Can online sales from the franchisor compete with your in-person sales? If so, why? Do you get a cut? Can you work outside of your territory if someone does not own that area? How big is it? Is it defined by population? Number of homes? Do you trust the franchisor? In all these things there has to be a degree of trust in the franchisor. The FDD will always be written in favor of the franchisor and you have to believe the franchisor has your best interest in mind. If you don't think they do, don't join that franchise. Of course, franchise systems can be sold so you want as much in writing as possible, but you can't predict every situation that could happen, and you must trust the franchisor will do what's best for the franchisees. I chose to become a Tippi Toes franchisee largely because I believe in the leadership team. They turned down an investment from Mark Cuban because they didn't think it was in the best interest of the franchisees. That is someone I want on my side!

Leads from your franchise development website are more intentional and more informed. Do you know where yours are coming from?

Franchise Partner Recruitment Series Part 3: Crafting a Winning Franchise Interview Process The interview process is your opportunity to determine if a candidate is a good fit for your franchise system—and vice versa. A strong process builds trust and clarity, which helps you sign the Candidates you like. Here’s a roadmap: 1.     Application Review & Introduction Call o  Analyze their application for basic qualifications. o  Use the call to gauge mutual interest—do you like each other? 2.     Discovery Process (Preferably in person) o  Review Discovery Process from Intro Call to Store Opening o  Share insights on operations and marketing support. o  Explain “A day in the life of a franchise partner.” o  Highlight “how” your franchise drives customer acquisition and profitability. o  Answer Candidates Questions 3.     Franchise Disclosure Document (FDD) Review and Disclosure o  Provide the candidate with an in-depth understanding of the franchise agreement and obligations. o  Disclose the Candidate o  Answer Candidates FDD Questions 4.     Franchise Partner Validation o  Provide Candidate with an opportunity to visit with existing Franchise Partners. o  Answer Candidates questions that arise from Franchise Partner meetings. 5.     Sign Agreements o  Ensure that the Disclosure period is complete and that all receipts and documents are in order. o  Sign the agreements. Building a thorough, welcoming interview process sets the tone for a strong franchisor-franchisee relationship and is a vital component of franchise partner recruitment . https://lnkd.in/g9SYHXx2

Recently, I was asked about my thoughts on franchising. While wearing my Franchisor hat, I can attest that franchising offers a lot of great opportunities and gives power to individuals who may not have had the chance otherwise. But as a person looking in, I can say that being part of a franchise group gives you Franchise Power. Like Rocky had Mickey as his coach, Franchisees have their Franchisor support teams. Systems, procedures, purchasing power, credit facilities, support people, expertise, and more are all congregated to deliver success. I believe that being part of a group gives you the power to transform yourself from a street-smart Rocky Balboa to a sophisticated world champion, running your own business and doing good in the community. While there are standalone operators who are pioneers in their field, franchisees have the benefit of a support system to help them succeed. I was asked to reel off what I thought made a good franchise partnership, and as usual, I had an acronym for it: F.R.A.N.C.H.I.S.I.N.G P.O.W.E.R. Check out the attached slide to learn more about it. If you're considering franchising, I encourage you to think about the power that comes with being part of a group. It can be the difference between just keeping up and becoming a world champion.

For much of my career, I never realised how important purpose has been. It can take a lot of introspection to understand what encourages us to jump out of bed and pursue the work we do. Within franchising, every franchisor needs to understand what their purpose is, but it’s also important for every franchisee. I prefer to refer to franchisees as ‘franchise partners’ because to build a successful franchise you need to have a partnership approach. That approach needs to include an alignment with purpose. So at the outset you have to identify: what is the franchisor’s purpose? What is the franchise partner’s purpose? And do they align? (to continue reading, go to https://lnkd.in/g_bvccKb)

Shiver's Franchise Opportunity: Your Path to Success Over the past decade, Shiver has focused on creating a quality product that benefits both our customers and vendors. We have been diligent in using only the best ingredients and providing a price point that allows small businesses and schools to share in our profitability. A Decade of Excellence In our first ten years, Shiver committed to: - Using the finest ingredients to ensure top-notch quality. - Offering a price point that supports the profitability of small businesses and schools. A New Opportunity Now, as we enter our second decade, we're excited to extend this success through franchise opportunities. We're providing aspiring business owners with a chance to replicate our proven business model and share in the Shiver success story. Why Choose Shiver Franchise? - Proven Business Model: Benefit from a decade of refined practices. - Quality Products: Use the best ingredients to delight your customers. - Support and Coaching: Receive comprehensive training and ongoing support. - Community Focus: Continue our tradition of supporting local communities, businesses, and schools. Join us on this exciting journey and be part of Shiver's legacy of excellence and community support. Welcome to the Shiver family! You're welcome, lol.

🔗Are you a business owner looking to expand through Franchising? I'll be able to help you...... 📜A franchisee buys the right to operate a business under the franchisor's established system and brand, and brand, leveraging a proven business model, with both parties agreeing on expectations and guidelines. 🌟Here's how a typical negotiation of a franchise agreement works: Step 1. Meet with the potential franchisor. Step 2. Establish the proposed territory rights for the franchisee’s location. Step 3. Set the minimum standards for performance and associated penalties for missed goals. Step 4. Determine the financial terms for using the product or services. Step 5. Create the advertising standards and intellectual property rights guidelines. Step 6. Speak with corporate paralegals/lawyers to help you translate your notes and conversations into a cohesive document. Step 7. Revisit with the franchisor to review the terms and conditions. Step 8. Schedule a franchise agreement signing for both parties Step 9. Make copies for the franchisor and franchisee and distribute them. Step 10. Store your franchise agreement in a safe place preferably with your other documents. 🤝 Let's Get Started! Let’s connect! I’m here to help you understand how franchise agreements work and to ensure your business starts on a solid foundation. Reach out to me for a consultation or share your own experiences. Together, we can turn your entrepreneurial dreams into reality!

One of the keys to success in operating a successful franchise lies in in trusting the process set out by the franchisor. In this article, we explain why.

💡 Franshise Success: "Franchise Kits" What is a franchise kit? It's a comprehensive package of information provided by the franchisor to potential franchisees. It is a roadmap to understanding the franchise opportunity, including: 1️⃣ The Business Model: Get a detailed look at how the franchise operates, its products or services, and its target market. 2️⃣ Financial Information: Understand the initial investment, ongoing fees, and potential returns. 3️⃣ Training and Support: Learn about the training programs, marketing support, and ongoing assistance you'll receive as a franchisee. 4️⃣ Legal Documents: Review the franchise agreement and other essential legal documents to ensure you fully understand your rights and obligations. ❓ Why is a franchise kit important? 1️⃣ Informed Decision-Making: It provides you with the necessary information to evaluate the franchise opportunity thoroughly and make an informed decision about whether it's the right fit for you. 2️⃣ Due Diligence: It allows you to conduct due diligence and assess the financial feasibility and potential risks associated with the franchise. 3️⃣ Confidence Building: It equips you with the knowledge and understanding to confidently begin on your franchise journey.

Q: WHY USE A FRANCHISE BROKER INSTEAD OF DEALING DIRECTLY WITH A FRANCHISOR? A: A franchise broker's role is to ensure that you have taken a step back at the start of this exploration to assess and put into writing a plan that summarizes what your criteria are. Without a plan, you'll likely waste a lot of time looking at franchises that are not a good fit for you. There's also a lot of data to review and understand, legal and financing issues to address, and a lot of marketing hype to sift through to get to the heart of a franchise opportunity. You need an experienced franchise broker that fully understands every step of the the process so you don't waste your time or money. BEST YET… Using our franchise broker services will not cost you a penny more than what you would pay the franchisor anyway, should you decide to purchase one. You have nothing to lose by working with an experienced guide! VIEW ALL FAQS... https://lnkd.in/dxRcgHpS