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Staying Ahead Of The Competition

1-Response Time Always answer the phone when it rings. Some business owners have a policy to not let the phone ring more than once. Customers are calling now because they want service now If they have to leave a message, they may call the next company on their list. Stay on top of things by …

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Reset Your Career

Reset Your Career and Life’s Dreams Investing in a Franchise can Reset Your Life Single unit, multi unit or for the empire builder you can choose to be an area developer or master franchisee Investments range from $19K – $2M and financing is available with low interest rates. You can jump in full time to …

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Preparing For The Franchisor’s Discovery Day

What is Discovery Day?  Definition:​ ​A discovery day is an event set up by the franchisor for potential franchisees. This gives the interested buyer of the franchise the chance to meet face to face with key members of the franchisor team. Discovery Day usually takes place at the franchisor’s main headquarters or in some cases, …

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Questions For A Franchisee Candidate

The following are some examples of qualifying questions you will be asked by a franchisor: • These are interesting times to start a business. In my opinion, franchising makes the most sense for a number of reasons. May I ask what is motivating your search? • Tell me about your business experience? (Work history, education, …

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Risk Aversion

Many people seem to believe that being in business as a franchisee is a big risk. Nothing could be further from the truth. If you want to gamble, go to a Casino. Successful franchisees are typically risk averse. Sure, they understand and accept there is some risk, but they want that risk to be as …

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Coachability

Coachability is an important key to success in many pursuits from athletes to musicians to business owners The overarching motto of franchising is: “In business for yourself, not by yourself.” We have all heard this mantra many times Most successful franchisees also adopt the philosophy of “when in doubt, ask.” There may be an abundance …

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Persistence and Curiousity

Years ago, when I started my 1st job as a Finance and Operations Controller for a small manufacturer in Ontario, I was told not to waste my time looking into in-bound and out-bound logistics across Canada and the US It was made very clear that my predecessor had just negotiated a great new deal So …

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Why Franchises Are So Successful

Many of the risk factors and start-up problems associated with a stand alone businesses are reduced or virtually eliminated with franchise ownership. This is due primarily to the following factors: Marketing for franchises is frequently supported by brand name advertising and back office support such as call centres and mentors Franchises use tested and proven …

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Adapt To Survive

Survival is based on the ability to adapt to a changing environment and evolving circumstances Change can come in the form of slow, incremental evolution or in the form of a rapid revolution. Revolution does not inherently imply violence. It can also be rapid change in a collective thought process. In today’s environment businesses are …

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