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Archive for the ‘Franchise Tips’ Category


Posted on October 21, 2011 - by

Franchise Success – Top Tips

Top Tips for Making Your Franchise A Success

Franchising is about duplicating success. However it still requires input from you to make the franchise a success. The biggest mistake we see people make is they complete their franchise training and then wait for the business to come to them. That isn’t going to happen.

With our travel franchise, or with any other franchise, you have to get out and build your business. With that in mind, here are my initial tips for making your franchise a success

  1. Let the franchisor know you want to be successful
  2. Plan for success – mentally and set success goals
  3. Make lots of notes during training
  4. Plan to get started the day after training – don’t put it off
  5. Remember it’s not easy – if it was everyone would be doing it
  6. Franchising is about duplication – don’t try and change the process until you are already making money
  7. The franchise company will focus their efforts on the people who are successful or trying to be successful. Push yourself to the front
  8. Don’t give up – it may not work straight away. That’s ok. It will
  9. Don’t be afraid to ask the franchise company for extra help

Franchising is about working as a team while keeping your independence. Remember that you have paid for the help and support of a company that knows what they are doing. Make use of the franchise company but don’t assume they will chase you. If they have sold a lot of franchises they will naturally spend their time with the ones which will generate the best return for them and those that are trying the hardest. If you keep yourself to yourself, the franchise company will probably think you don’t need or want their help.

There are lots of other top tips for franchising which I’ll look at in other blog articles, if you have your own top tips please feel free to comment and suggest others.

It’s also worth checking out my blog about franchise success through franchise  support. 


Posted on October 19, 2011 - by

Franchises with Multiple Incomes

Buying a franchise is an exciting yet daunting time. This could be your first venture into life as a self employed person. It’s probably a sizable amount of money and there is probably a little voice in the back of your mind that is saying “what if it doesn’t work?”

Silence those voices! In buying a franchise you have straight away limited your risk. You are hopefully buying a proven business model with proven results. A good franchise will be able to show you exactly how the money is generated and how quickly.

One challenge for many new people buying  a franchise is cash flow.  This is a common problem for any new business. It takes time to build a customer base and for money to start coming in. Month one of a new business, even a franchise, always has the potential to not generate lots of money.

However one things to consider when buying a franchise is, how do I make money. If you are limited to making money through one single activity, what happens if something prevents you from doing this?  Also, how quickly can I make money?

Example: If I buy a franchise today, train tomorrow and  worked every possible hour,  how quickly will I get paid?

One traditional problem with a travel business and therefore a travel franchise is cash flow. As a travel business the income potential is fantastic. However you don’t get paid until people go on holiday. Therefore you could work really hard today but not earn for 12 months.

We build our travel franchise with this in mind and I would urge you to look at any franchise you buy and  ask yourself does it do this.

Unlike other travel businesses and travel franchises, we built multiple income streams into our business. As a franchisee you are therefore reliant 100% on the  sale of holidays to earn money.  This may sound  strange for a travel business, but it actually makes a lot of sense.

Within our travel franchise we have actually built 7 different income streams into our business. We don’t just mean the sale of  cruising or ski holidays or flights.  We have 7 different and unique ways of making money to ensure financial independence.

Within The Travel Franchise we have also built income streams which pay you immediately for the work that you do i.e. work today, get paid today.

What ever franchise you are looking to buy, you should consider how many different ways can I make money.  Multiple income  streams does not mean it’s more confusing or that you don’t believe in your product. It simply means protection for you. Any top business person will always tell you to diverisfy and give yourself protection. Our travel franchise does this for you from day one.

To find out more about how The Travel Franchise provides multiple income streams visit our website at www.the-travel-franchise.com

If you have a franchise or looking to buy a franchise with multiple income streams, or singular income streams we’d like to hear you view points. Comment below.


Posted on October 19, 2011 - by

Franchise Support = Franchise Success

I was giving a training session to a new group of Franchisee’s and one of them looked up and said, “I don’t understand what you give us so much. I’ve never been on a training course where they give so much valuable information  away for free”.

I don’t say this to impress you, but to actually impress upon you the importance of training and support we give to our franchise team. Let me put it another way.

You are teach your child to walk for the first time. You wouldn’t wait for them to take their first steps and then walk away and leave them, no! You make sure they can walk time after time without help, then you slowly back away and leave them to it.  But you’re never far from their side.

Building a succesful franchise team is the same. If you are looking for a franchise opportunity that is going to give you the best chance for success, make sure you find out how much training and ongoing support they are going to give you.

When buying a franchise, ask yourself:

  • Are they giving me enough training to enable me to run my business correctly?
  • Are they charging enough for the franchise in order to provide proper support and training?
  • How much support is available after I complete training?
  • How easy is it to access support?
  • Is there a limit on how much support I can use?
I guarantee every franchise opportunity is going to tell you they give you all the support you need both during training and after. However do the maths.  Think about how much they charge for the franchise, how much their management fees are and how they make money from you. Realistically can they really afford to offer you the support they say they will.
If I’m buying a franchise it’s because I want to buy into a template, a working business model and to have the backup and support of an organisation that works.
As a franchise company we won’t cut the cost of our franchise fee as we know if we do this we have to reduce the level of support we give to our franchisee. We don’t profit from the franchisee fee, only from our travel franchisee’s selling holidays. Therefore we will do everything within our power to help everyone be successful.
Running a business on your own can at times feel very isolated. Make sure you choose a franchise company that is there for you when you need them, even if it’s just to talk to and keep you motivated.

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