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

The Best Way Appraisers can Obtain Productive Career with an Appraiser Management Company
Published by Leila on June 7th 2012 | Business
If you are an appraiser looking to have a lucrative profession, you must take into consideration wor...
Why Choose ColorFX for Your Printing Needs
Published by James Blee on July 17th 2012 | Business
:- The need for printing is never ending and people are always on the lookout for newer technologie...
Ways to Get Cost-free falsies mascara
Published by Harry Ackerman on December 6th 2011 | Business
falsies mascara certainly are a difficult ample selection for men so I don't even wish to imagine wh...
Major Reasons Behind Using Metatrader Expert Advisor
Published by Joel Christan on August 13th 2012 | Business
Meta trader 4 platform is regarded as one of the most popular and free trading platform which is use...
Getting Worth After an Intense Commercial Real Estate Loans Search
Published by Timothy Powell on April 14th 2012 | Business
Looking for commercial real estate loans can be a strenuous task, it is an ordeal for a lot of actua...
Twin Agent Fire-Fighting Units are Effective
Published by Julia Roger on July 3rd 2012 | Business
Twin agent units have proved to be very effective. It has a compact skid mounting design and is tota...
The appealing touch of Unique and antique furniture designs
Published by Webmaster on May 22nd 2012 | Business
The unique nature of modern and antique designs has been hinged on very unique looks and creativity ...
Car Tune Up; what is it and why is a tune up necessary?
Published by Excel Auto on January 6th 2012 | Business
Car Tune Up Maplewood MN; what is it and why is a tune up necessary? Find affordable tune up at Exce...
Dropshipping the Way of Business
Published by Neshon Pach on March 9th 2012 | Business
If you want to venture into the business world, you have to first understand the real deal behind th...
Exquisite and Adorable Anniversary Rings from Boca Raton
Published by Laura Diaz on April 18th 2012 | Business
The variety of adorable and outstandingly amazing anniversary rings in Boca Raton is an array of fan...
Discount coupons or codes are a relatively new phenomenon
Published by Srihari Eswari on February 13th 2012 | Business

Many discount coupons or coupon codes will offer some percentage off – o...
Toronto airport taxi services: Best of all!
Published by Jason Ausie on January 11th 2012 | Business
Toronto airport taxi services charge diverse charges depending upon the mileage covered and the hour...
Flowers for all occasions
Published by James on December 26th 2011 | Business
You can get flowers for all occasions online for gifting purposes. All you need to do is to log on t...
Pollinating a flower
Published by Seolncr on February 15th 2012 | Business
In Botany , the pseudocopulation describes a similar behavior to copulation that can serve the repro...
Know about the disability benefits which the government has in store
Published by Safinajones on January 6th 2012 | Business
The disability benefits which you get from the programs are not only valid for you but also for your...
Plastic Water Tanks- Ready to Serve You
Published by Gene Vincent on May 31st 2012 | Business
Water tank is a secured place for the storage of valuable resource water. Currently, you can obtain ...
Consumer Automotive Financial Services in Taiwan
Published by Bharatbook on July 6th 2012 | Business
Bharatbook added a new report on "Consumer Automotive Financial Services in Taiwan" which gives an o...
Keep a Record of Employee Attendance Through Employee Time Clocks
Published by Julia Roger on April 24th 2012 | Business
The computer-based time clocks for employees can be purchased by making a small initial investment. ...
Some Advice Life Insurance
Published by Terro White on December 12th 2011 | Business
What could be some good life assurance guidance? Well, you have doubtless received your equal share ...
Things to Consider Before Appointing a Company for Flooring in Orlando
Published by Chris Adam on March 15th 2012 | Business
If you want your home to look swanky, it is important to be careful about each minute details of it....
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...