Franchising Can Be a Legal Money Machine
Franchising Can Be a Legal Money Machine
Franchising Can Be a Legal Money Machine - To learn more about this author, visit John Power's Website.
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With a relatively small investment, franchising can be a vehicle to generate fees and royalties over and over. An introductory speaker at a franchise convention, who seemed to be a pretty ordinary and down-to-earth person, said, "Franchising has provided me with business and financial success beyond my wildest imagination."
Brad Sugars, founder of ActionCOACH, which has sold over 1,000 franchises in 22 countries, said, "The key to business success is creating a model where you make the sale once and generate revenue over and over, forever." That is franchising.
Franchising can also allow you to remove yourself from the day to day operation of your present business because you will run a franchising organization, not the one you presently own.
- Franchising is a proven and established way to expand that meets all legal requirements
- After the initial cost you can sell hundreds of franchises
- Faster expansion than growth from retained earnings
- Excellent return on investment
- Some elasticity in the franchise fees you charge
- Elimination of lease exposure
- Lower capital investment requirements
- Less involvement in local business operations
- Management team with a vested interest
- Fewer employees
- Pool of potential franchisees looking good opportunities
- Increased exposure and strength though combined advertising
- Operate a franchise marketing company rather than the business you now own
- Stable business model
- Brand building
- Network establishment
- International expansion
- Future exit strategy
Franchising can allow you to build a chain store, or large company organization, while retaining individual ownership and financial/operational responsibilities, and without a large up-front investment.
More information can be found at: www.biltmorefranchise.com
Franchising Can Be a Legal Money Machine - To learn more about this author, visit John Power's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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