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Top 50 Franchise Awards
Want to enter the Franchisee satisfaction awards competition in North America 2009… Read Franchise Direct's article on the top fifty franchises for 2008, and receive key tips on how to enter your franchise opportunity for next year’s awards. Visit Franchise Business Review!
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The Future Is Bright for Franchising in India
India, which has a growing middle-class of over one billion people, is now positioned as a major force in the global economy and fertile ground for investment in retail and business development. The franchising industry in India is expected to grow at an annual rate of 30 percent, and to drive the country’s current $330 retail sector even higher.
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Franchise Territory – Secure Your Rights before You Sign
As a franchisee, you want to feel secure that your territory and market are protected, and yield the expected returns. The only way to put protections in place regarding your territorial rights is before you sign the Franchise Agreement. Some franchisors do not offer exclusivity rights, and you should know and understand that before making any commitment.
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Top 10 Traits of a Good Franchisee
So you are interested in running your own franchise or business opportunity? Before you take the plunge, you need to engage in some serious personal soul searching about the type of individual you are. Here you will find the top 10 traits franchisors are most likely to be looking for in potential franchisees. Take a look at each one and consider if your personality matches any of them.
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Part-Time Franchising
Part Time Franchising is an excellent business opportunity for individuals wanting to balance a work life ethic with their social life. It has the ability to offer individuals the opportunity to be their own boss, and also to incorporate family, social and civic obligations.
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Net Worth Calculator
Our Franchise Net Worth Calculator will help you determine how much you can safely and reasonably afford to invest in your new franchise business. This FREE service is fast and easy to use, and will help you establish an accurate value of your total net worth. Franchise Direct provides this convenient interactive tool to assist you with the qualification process toward franchise ownership.
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How Franchising Works
The partners in a franchise agreement are the franchisor, who grants the franchise license to the franchisee, who invests in it.
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What Franchisors Want From Franchisees
The nature of the franchisor/franchisee relationship needs to be strong, efficient and reliable. Franchisors look for such abilities when assessing potential franchisee candidates, as well as motivational, confidence, leadership qualities.
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Building a Good Franchise Partnership
Most franchisers and franchisees will start off feeling confident about their prospects for the franchise set up between them in a particular area, but the good relationship needs to be kept in order for a franchise to be successful.
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Franchising For the Family
Business format franchising lends itself well to families wanting to go into business together, although they must all be pulling in the same direction and be competent enough for a family-run franchise to be a success.