FranchisingCity.it International Franchise Consultant
Hi Giovanni, and wellcome to tcneighbors.org FranchisingCity!
We in FranchisingCity.it bring Decades of Experience To Your Franchise Planning and Development
1. How do you help others to start a successful franchising business?
We have helped hundreds of businesses assess their franchising potential. Find out if your business is franchiseable, if franchising is the right strategy for you and your business
We have helped others and we can help you. We can develop specifically designed programs to help generate more sales leads, decrease losses, improve franchise relationships and reduce legal expenses.
2. Tell us more about you?
You hire the person, not the firm. We are one-on-one consultants, action based and client oriented. You know the “boss” is working on your project assisted by qualified professionals. We have our 25 years of experience in all aspects of franchising. Beware of “packaging houses” whose people have no real franchise experience. Our hands-on-experience and no nonsense approach comes from real world experience.
We customize strategies to maximize your strengths. We provide you with the tools you will need to succeed and then help you implement these plans. These plans require creativity (We have the most!) and individual client specific solutions (we have done so many we know where to focus) all geared toward achieving specific and agreed to objectives. We are hands on right at your business.
3. Giovanni, what we should keep in mind before we start a franchising business?
Franchising is dynamic. It is the leading method of doing business, has been for years and that will continue as it adapts to new industries and methods of doing business.
When making a decision to franchise FranchisingCity.it believes that business owners must first determine if franchising is a legitimate option. We feel there are four criteria of a potential franchise prototype that you can use to test the franchisability of your business. While not totally definitive it will give you a good idea where you stand.
Next you should be aware that a high percentage of new franchise companies fail in the first 3 years ( no other franchise consultant will tell you that) and you therefore must gain a thorough understanding of what is involved in franchising.
Finally, assuming you have a franchisable businesses and the resources necessary to succeed, your next step is to determine if this is the best strategy based on your goals and objectives. Can be does not mean should be. You need to consider the advantages, disadvantages of your alternative strategies verses the advantages of franchising.
First: You must decide if this is what your business needs to do. We always caution clients at this point that they need to objectively evaluate their situation and perhaps have FranchisingCity.it do a Feasibility Review.
Secondly: After that decision is made you will need, depending on your current operation, a professional analysis as set out in a Flow Chart of Services
We provide all or any part of these services you might require. We customize a program to meet each client’s needs and budget.
1. PROTOTYPE ISSUES
- Financial Controls
- Works at 3 Levels
- Demand for Services
- Track Record
- Adequate Capital
- Well Organized
2. MANAGEMENT ABILITY (90%)
- Is there a structure set?
- Is there a management flow chart?
- Are they well organized?
- Do they have the facilities?
3. MARKET FOR PRODUCT
- Adaptable Nationally or Regionally
- Point of Difference
- Competitive Pricing
- Reasonable Cash Requirements
- Monitor From a Distance
Services for Established Franchises
Most of our services for established franchises are diagnostic and are designed to identify and solve problems and improve effectiveness.
The most often found examples of this is franchise sales. When a franchise is selling too slowly, it could be for any number of reasons.
- An ineffective marketing message
- Targeting the wrong prospects
- Inappropriate Media mix
- Follow up
- And so on.
By comparing your practices to the best practices in franchising, our audit can identify where to focus your improvements effectively
Personnel can be the other area where professional assistance is needed, especially in the embryonic years you can end franchise development—before it even starts.
Thank you for the useful information Giovanni! Good luck!