Are You Franchise Material

Welcome to TO FRANCHISEING

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Franchise Coaching¿Would you like to start your own business?¿Learn more about business ownership and how franchising can work for you?Then talk to 121 Business Coach the only franchising coaching company on the Costas.They work with experts who specialise in setting up, marketing, training, selling and providing legal and accounting advice to businesses looking to franchise and those wishing to purchase a franchise in Spain. One call could save you many hours shopping around for the experts you need in this specialist field. 121 Business Coach will coach you through the franchising process from asking are you the right profile to run a franchise to how to hire, train and motivate your team to success. The relationship between franchisee and franchiser is crucial to your success so they will guide you through the right franchise for you. They do this through a variety of methods from 121 interviews, question-and-answer sessions, questionnaires, workshops and through leading Franchise Agents based in Spain.Pre Coaching investigation:For those new to Franchising 121 Business Coach will ask you to fill out a questionnaire and have a 121 interview on the phone or face to face this will help reveal your personality traits, attitudes and work styles. During the next step, several interactive discussions are conducted with you to determine your goals, needs, and expectations from franchise/business ownership. This information is then used to help determine how successful you would be at franchising and which franchising model is right for you and even which specific industries would be more appealing. Selecting a franchise that will meet your goals, needs and expectations as well as providing you with a good return on your investment.Coaching for franchise success:Once you make your franchise choice, your assigned 121 Business Coach will coach you through the transition stages to business success, supporting, pushing and motivating you through the initial process, covering:• What will you want from your Franchise agreement• How to get the maximum from your accountant and legal experts• Setting up the first 90 day business plan – crucial to long term success• Preparing, costing and delivering a marketing plan• Finding out where your prospects are and how to reach them in a cost effective way• Interviewing, training and developing your teams• Motivating your team to deliver your goalsFrom decision to implementation we ensure your success through our weekly telecoaching and email sessions. Ready?

Transcript of Are You Franchise Material

Welcome to

TO FRANCHISEING

Specialists in business coaching

• Our trainers & coaches are highly skilled, experienced with distinguished careers in senior management roles

• They bring a wealth of practical experience to their programmes

• They design & deliver sales, management & business solutions for your business.

• supporting - guiding - motivating

you to achieve your goals.

121 business coaches are with you every step of the

way:

Workshop

Are You Franchise Material?

Are you Franchisee Material?

Here are the main attributes franchise companies seek

Are you Franchisee Material?

Positive Attitude Is this part of your nature?

Sales Driven apply training and motivate others

Focused common goal and see them succeed

People Skills ability to get along with people and network.

Attitude

Are you Franchisee Material?

Can you?

Work to provided systems

Accept provided systems and adhere to them

Apply the training provided

Listen to the experts they have a vested interest in your success

Work to a business plan, use it daily and review

performance on an ongoing basis.

Smooth Operator

Are you Franchisee Material?

• Sales• Marketing • Strong leadership skills - people skills • Proven business experience• Good communication skills• Organisational skills - planning • Discipline.

General Skills and Experience

Are you Franchisee Material?

• Look for opportunities, learn from others in the franchise system.

• Ask advice of the franchisor support staff & other successful franchisees & follow the advice you get.

• Help yourself, self development.

Coaching and Mentoring

Are you Franchisee Material?

Financing the franchise

Purchase price - Monthly fees or royalty

Marketing

Cost of sales

Inventory

Manufacturing equipment

Logistics.

Adequate Capital

•Things to consider

Are you Franchisee Material?

Drafting partnership and non-disclosure agreements Ongoing accountancy & solicitors fees Business coaching.

Adequate Capital

•Professional fees

Are you Franchisee Material?

• Technology costs Computer hardware, software, printers Telephones Website development and maintenance High-speed internet access, servers Security measures IT consulting.

Adequate Capital

Are you Franchisee Material?

• Administrative costs Insurance, office supplies, licences and permits,

rent, utilities, office equipment • Wages and benefits

Employee salaries, payroll taxes, benefits, workers contracts.

Adequate Capital

Are you Franchisee Material?

•Sales and marketing costs Consultancy services, designers, PR advisorsAdvertising Printing, stationery, marketing materials Promotional events / trade shows - sponsorship Corporate identity, uniforms, vehicle livery Trade association membership feesTravel and entertainment for client meetings Mailing / lead lists.

Your franchisor will be able to help you with these areas and much more

Adequate Capital