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Franchising

Franchising refers to the practice of using a successful business model of another company. For the franchisor, a franchise is a substitute to developing ‘chain stores’ to distribute goods and avoid liability and investment over a chain.

1,429 Questions

What can kids sell?

kids can sell many things. ME, being a kid made a shop called 1 N up. at the end, we totaled up to $154.00! here's my secret:

1. soft drinks-kids and teens LOVE it.

2. junk food-its for everyone to enjoy!

3.bendy pencils-you get them at stationary shops.

4.puppy posters-a girl classic!

5.bey blades-the boys go crrazzzy over it.

6.sparkle pens

8.juice

9.raffle basket.-you'll make a ton of cash

10.bakery items,- cupcakes, cake, puffs

Approximate cost of opening a Bell World franchise?

To open a Bell World franchise you will need $101,389.00 in cash reserves. This is what it cost me and boy it was difficult. It is also extremely difficult to make any money with this kind of a franchise.

What is Shell's mission and vision statement?

The mission and vision of Shell Refining Company focus on being the top refinery. They also aim to operate in a safe manner that is environmentally friendly.

Why are franchises successful?

Because the majority of Franchises have initially began as a simple Business from scratch.

They have stood the test of time to prosper and grow, through persevering commitment and diligence even when the economy experiences a severe contraction, thus evolving into a well-known established brand, and expands by offering Franchise opportunities to Entrepreneurs from all walks of life, in which we have come to known many successful Franchises, such as McDonald's, KFC, BurgerKing, Subway restaurants and hundreds of other Franchises across all industries.

One of the advantages of owning a Franchise is that you follow a system outlined by the Franchiser, with on-going training and support all the way until your Franchise generates an income for you passively.

When it comes to owning a Franchise, you are basically re-living the success stories of Entrepreneurs in that Business in a simplified fashion and there is always more room to grow, because as customers are consistently growing, and compounding on a daily basis, so does your earning potential. The need is perpetually endless, however location is limited and if you wait for too long to start your Franchise, that is in the next estimated 20-50 years, there would be no more room to establish your foundation, not by buying out existing competitors that would be worth a denary value from its threshold.

How much do Little Caesar's franchise owners earn?

about 10% of sales, assuming you have an average store selling at least 500k a year.

How does a business franchise work?

A business franchise is an agreement between the franchise and the business owner where the owner agrees to pay a certain amount of money for use of the business' name and usually requires the business owner to pay the business entity a certain percentage of sales. In return, the the business provides low cost advertising for the franchise and a string of suppliers which in turn makes it easier for the franchisee to run the business. This is usually the most common form of entry for an entrepreneur. The biggest advantage of going this route is the brand recognition such as the golden arches of McDonalds.

How rich is ranti mothapo?

His been listed as a potential youngest black billonare before midlife crisis

What is US pro franchise has the highest value?

The dallas cowboys are worth about 1.6 billion dollars.

How much to franchise a la senza?

I'm trying to get info on how much it would cost to buy into a La Senza Franchise

How much does a Midas franchise owner earn?

No one knows. This appears to be one of those well guarded proprietary secrets.

Is hot topic a franchise?

hot topic is no longer a a punk style store, it now just sells hipster and gangster rap related items. it does not franchise.

Why is marketing important to starting a business?

Marketing is important to starting a business because without quality, preferably inexpensive, marketing, your product could be the best thing in the world, that thing that everybody needs but doesn't know it, but they will never know about it.

Marketing can be looked at as how to get your customers to find you, http://xkcd.com/125/ is a great example of using the marketing, albeit in a slightly different part of the business sphere.

If you want to learn more, check out the related links below.

If a professional team franchise moves to a new city do the records for that team remain with the city or with the franchise?

The team regardless of any name or city changes is the franchise. The records of that franchise will always follow the team. The City that the franchise played in could only make claim to team records whiles that team was playing for that city.

For Example:

The Atlanta Braves franchise started in Boston in 1871, and went though many name changes. But it is still the same franchise. The team moved to Milwaukee in 1953, and then to Atlanta in 1966. Different cities, but still the same franchise, or team.

The Atlanta Braves franchise won three World Series in three different cities. Boston, Milwaukee, and Atlanta. The Atlanta Braves franchise could hold claim to all three World Series titles but the city of Boston has no claim to the titles won in Milwaukee and Atlanta. (I think that came out right)

Think of the team as a company. If a business moves from one city to another it is still the same company. It just conducts business in a different location.

One time that this did not happen is with the Cleveland Browns football team in 1996. The owner of the Browns announced the team was moving to Baltimore, where it ultimately became the Baltimore Ravens. All players who were on the Browns roster in 1995 went to Baltimore. The Browns, as a team, were deactivated for 3 years then reactivated in 1999 and restocked with players by way of a special draft. Normally, all the past team records of the Browns would have gone with the team to Baltimore, but in this case, the new Cleveland team retained both the team name and all of its records. All of the league championships the Browns won stayed in Cleveland. In contrast, when the Baltimore Colts went to Indianapolis, they took with them all of their previous history.

The Baltimore Ravens started out designated as an expansion team with no history behind it despite the fact that it was an existing team that simply moved to another city. The current Cleveland Browns appear to be a team with championship calibre history behind it despite the fact that the team itself is in reality an expansion team of new players.