Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Is a Franchisee an entrepreneur?

By Marcus Tarrant Subscribe to RSS | July 11th 2012 | Views:

One of the most frequent questions we receive about business planning is related to the question, is a franchisees an entrepreneurs and does it take entrepreneurial skill to make a franchise successful.

In today's job market many people considering franchising as an alternative to keeping an existing job in the corporate world. There're many different reasons for this many people are interested in flexibility they want worklife balance or other financial gains not typically associated with the constraints of a corporate role.

One of the keys to a successful franchising is to ask the right questions of your franchisor. There're a number of must ask questions that need to be considered before entering into any franchise agreement. You should undertake in depth one on one questioning as part of your due diligence and franchise review process. Once this has been completed you will need to create a franchise plan. A franchise plan is much like a business plan (see article titled Creating a Franchise Business Plan in this blog) for further details.

An entrepreneur is anyone who seeks to great opportunity out of resources they don't currently control. Under this definition of franchisee would definitely be considered a franchise, as they don't currently control the resources associated with the business model for the enterprise into which they are seeking to embark. Before entering into a franchise agreement and it is important to understand the difference between a franchise and a license. A franchise typically encompasses a much broader scope of business model and marketing support than a traditional license would.

Here are a couple of key questions to consider asking your franchise all when considering entering in to some sort of franchise arrangement.

Why did you create the franchise business in the first place?

Understanding why the franchise or establish the business is critical to understanding revision and what part with them that you may be able to play. This will enable better alignment of objectives and you're able to see more clearly what problem the franchise or is solving for the franchisee and for the customer.

How widespread are your franchisees?

Is important understand the geographical distribution of the franchises in the franchise opportunity you're seeking to enter into it. Questions associated with this may include things such as exclusive territory and what happens if there are major changes in the economic environment in which are operating, for example the Internet or other new technologies which may enable the franchise or to sell the targets within your region without selling through your retail outlets.

Is the business you are entering into well suited to franchising.

Not all businesses are well suited door franchise business model. You need to understand the different elements of the business model and what value that is bringing to the franchisees. Have a discussion with other franchisees to understand their experiences with running that business as a franchise. Buying a franchise is quite different to operating a company on store and the financial results of doing so may be quite different.

After considering all of these elements of questions and deciding to going to a franchise we would consider that you are an entrepreneur. We just advise that you don't go in blind, and a franchise business plan can give you some great guidance along the way.

Marcus Tarrant - About Author:
For more information Business Plan please visit

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

Virtual PBX System a new revolution for businesses
Published by Samantha Kirk on February 24th 2012 | Business
The features in this system are their biggest advantages. This is the best for any business that is ...
Which Bottle Fillers are for Companies that Produce Bottled Products
Published by Feckler on April 24th 2012 | Business
These days, various products people buy are held in containers, whether it is something consumable s...
Wholesaledeals Scams-Is Wholesale Deals Really a Scam Directory?
Published by Brad Smith on January 30th 2012 | Business
While researching about Wholesale Deals, you are likely to find mixed reviews, some raving about its...
Business process outsourcing companies help organizations improve back office efficiency
Published by MOS Outsourcing on May 28th 2012 | Business

Business process outsourcing companies help organizations improve back office efficiency by prov...
How to Choose a Flattering Hair Style for Your Face?
Published by Salons Clearwater on January 4th 2012 | Business
Without doubt, it's the most important variable is the function that we have is Hair. Choosing the r...
The Concept of Flight or Medical Cases
Published by Julia Roger on April 26th 2012 | Business
Since they are simple containers used to deliver all the delicate items, therefore a musician stays ...
A Leather Backpack or Briefcase Makes a Great Employee Gift
Published by DJ Willis on December 13th 2011 | Business
There are many ways to take things to the office. In the current society, business has become a lot ...
Resolving Your Organization Economic Requires by way of a Commercial Loan
Published by David Flambert on June 22nd 2012 | Business
Obtaining a commercial loan within a fast manner depends completely on the credit background of the ...
Hiring an Architect and Extending Your Home to Add Value to Your Property
Published by LauraCampbell on February 18th 2012 | Business
You must also have a clear picture of what you want. For this purpose it is good to do a little home...
Use paper, get green and make earth green
Published by Dion Sivla on January 9th 2012 | Business
These paper bags are used almost everywhere either it be for shopping, carrying medicines or any che...
Specialties of beds
Published by Addamsmith on May 16th 2012 | Business
You can see bunk beds generally in kid’s room; it is a type of bed in which there is another bed a...
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
Account planning – Making It Work for You
Published by Julia Roger on December 2nd 2011 | Business
When it comes to marketing your business it makes sense that you try and use the methods that best a...
Cheap Hotel - Stay Assured about the Quality of Service You will Receive!
Published by CheapHotelsBooking on February 13th 2012 | Business
the internet can play an important role to take you close to the best hotel deals that are now avail...
Systematic and Stress-Free Shifting Services in Hissar
Published by Sujeet Bharti on December 16th 2011 | Business
Moving from one place to another to settle down at a comfortable place is one of the tensions of lif...
One Aspect of the Car Buying Process You Should Be Aware Of
Published by Brittanieholderness on April 23rd 2012 | Business
If you are on the verge of buying your first car, you have a lot of things to consider....
A Love for Public Artwork Could Lead You to a Great Art Internship
Published by Crowin Smith on April 26th 2012 | Business
The mile high city has everything from competitive sports; great food, attractions, and skiing that ...
Très grande qualité de montres Patek Philippe réplique avec Worth faible co?t
Published by on January 5th 2012 | Business
Comme un ajout à la collection de tout amateur de montres, les répliques de montres est un must po...
Maintenance Computations in New York Divorce Cases – Family Law Software
Published by Ivon Lerdorf on April 16th 2012 | Business
If you’re practicing divorce law in Pennsylvania, then you’ll want to use our Pennsylvania alimo...
Various Uses of Exhausts in the Vehicles
Published by Julia Roger on March 5th 2012 | Business
Compared to the regular ones, stainless steel is more popular for its remarkable features such as ru...
Peru Amazon Tours in Tambo Blanquillo and Regions to Experience Near By
Published by Tracy Narvaez on August 25th 2012 | Business
On the way to the lodge from Cusco there is a cloud forest, various rainforest habitats and a small ...
Gardening and Outdoor Living Retailing in Emerging Markets: Market Guide to 2016
Published by Bharatbook on August 25th 2012 | Business introduces a report Gardening and Outdoor Living Retailing in Emerging Markets: Mar...
Time to get the latest university news
Published by Gene Crayton on August 25th 2012 | Business
Education is a never-ending process. Each day you get to learn something new which may or may not be...
Voice over Agencies- Helping Hand for All Your Voice over Requirements
Published by Julia Roger on August 25th 2012 | Business
It is important that you choose a voice over agency that is reputed and is in the business for a con...
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...