If you own a mobile franchise business and wish to expand you will need to have a strategy that involves your franchisor. Additionally if you are a franchisor it is important to have some sort of policy in place in advance so that there are no hurt feelings as franchisees expand.
Our company has such a policy but as per our franchisee survey less than 20% of the franchisors who participated in the Franchising.org had such a policy. I recommend that if you are a franchisee or franchisor that you take this outline below and modify it to fit your small business or franchising company and use it as a guideline for franchisee expansion decision-making. Go ahead and print this article and then sit down and modify it. Then for each number or lettered item write three or four paragraphs of what if scenarios. This will help assist in proper franchise outlet expansion while keeping peace in the franchise family. Additionally it will insure smooth system wide expansion where everyone on the team knows what to expect. This outline has been made using our franchise business model for a mobile car wash business, but it serves as an excellent starting point.
FINANCING OF BUSINESS EXPANSION
I. APPROVAL FROM FRANCHISOR
A. Advanced Notice
B. Truck And Equipment Set Up
II. FINANCING
A. Borrowing
B. Leasing
C. Charging
D. Out Right Expense
III. APPROVAL OF CREDIT
A. Time
B. Documents
1. Profit And Loss
2. Tax Returns
3. Balance Sheets
4. Bank Statements
5. Credit Card (Balance Of Account)
IV. DELIVERY
A. Truck
B. Equipment
C. Paint
D. Signs
E. Check Out
V. FUNDING OF VENDORS
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareWhen someone mentions business planning we have been conditioned to... Read More
If you're a solo professional like I am, you know... Read More
We have been spending many hours surveying the market for... Read More
We all agree Strategic Planning is a critical part of... Read More
I'm not talking about posting the HBO schedule on your... Read More
With the help of balanced scorecard strategy map, it is... Read More
Business planning is widely acknowledged as one of the keys... Read More
Strategic alliances are increasing at a rapid rate. It is... Read More
In Ohio: besides the 3-Cs you should look at Akron,... Read More
No matter what business you plan to start in your... Read More
When you start your program to purchase your "ideal" company,... Read More
You have invested a lot of time and energy on... Read More
Many cities have home pages on the Internet. Many of... Read More
Business rises and falls on leadership. According to business guru,... Read More
Conventional wisdom has it that there are only three ways... Read More
Every new business owner knows that a business plan is... Read More
How you finance the expansion of your business is important.... Read More
In today's rapidly changing and highly competitive markets, many privately... Read More
Note to Northwest Airlines ? It's not about fuel costsFor... Read More
There is a story, about a business owner who wasn't... Read More
The trick is to determine what uniquely identifies your best... Read More
Last week we talked about a few of the ways... Read More
Is your business growing as fast and effectively as it... Read More
All investors greatly desire and are motivated by a clear... Read More
One of the most important initiatives in the domain of... Read More
Antigo wedding limo ..Microsoft Great Plains, former Great Plains Dynamics is excellent fit... Read More
Cassy was an employee of a nonprofit who had been... Read More
Does your overall business strategy include the recruitment of college... Read More
Six Sigma is becoming a proven approach for businesses and... Read More
The boom of the dot-com era in 1999 brought the... Read More
A piano tuner recently moved to Buffalo, NY, and would... Read More
You know you need a business plan. You probably realize... Read More
Many of Ohio's downtown areas are in need of upgrading... Read More
You might be thinking to yourself, "Why should I waste... Read More
Writing a business plan is not an easy endeavor, nor... Read More
Why do so many companies languish and watch as their... Read More
Does the competition drive you crazy?Are they relentless about taking... Read More
If you own a mobile franchise business and wish to... Read More
One of the quintessential parts to any business is your... Read More
As fast as you can say business disaster, your business... Read More
We have been spending many hours surveying the market for... Read More
No matter what product or service you provide you will... Read More
Please take a moment before you read any further and... Read More
"Most great plans aren't. They are just nice, high-level ideas."That's... Read More
Remember reading "Alice in Wonderland?"She asks the Cheshire Cat, "which... Read More
Possibly THE most frequently asked question of me is "What... Read More
Succession planning, like any business acumen, is both an art... Read More
There are no "rules of thumb" in the pursuit of... Read More
Writing a business plan can be tricky when all the... Read More
Anyone who has been watching the Idaho Market Carefully for... Read More
Strategic Planning |