Mobile Franchise Business Expansion Strategy
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" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
Understanding And Preparing A Franchise Business Plan
There are a growing number of people who have become disenchanted with the rat race and are looking for to strike out on thei...
Market Mix Strategy for Mobile Oil Change Businesses Considered
In the mobile oil change business there are two primary sectors to consider when determining market mix. For instance there i...
Legal Strategies in Business Plans
Writing a Business Plan these days is tough, venture capitalists are busy and there are so many ideas to choose from. Bankers...
Direct Marketing for Mobile Car Washes
Direct marketing and direct mail can work for a mobile carwash company. Most mobile carwash companies are quite happy with t...
Direct Marketing and Piggy Backing
If you are already in a small business and looking for another inexpensive way to market or advertise, perhaps you want to tr...
On Loan to Franchisee is the confidential operations manual
Each franchisee in most modern-day franchises will be granted on loan for the duration of the franchise agreements a confiden...
Business Plan Descriptions of Computer System
Entrepreneurs often give little if any consideration to their computer system needs in their original business plans. It is a...
Direct Mail and Direct Mail Marketing for Mobile Car Washes
Mobile carwash businesses must cluster their customers close together due to the high cost of fuel. When a mobile carwash bu...
Business Plan Long Term Goals
Writing a business plan is not an easy endeavor, nor is predicting the future. You will need to spent adequate time in prepar...
Vendor Relations Strategies Sample Outline
One of the quintessential parts to any business is your supply chain. To insure that the supplies are there when you need the...
Scheduling of Additional Auto Detailing or Mobile Car Wash Units
If you own a mobile car wash business or auto detailing business then you realize that when you are parked working you are ma...
Direct Mail Marketing Pieces for Mobile Oil Change Business
Is direct mail marketing a smart play for on-site mobile automotive services businesses? Should a small business with one, tw...
Why Have an Internet Business Strategy?
Internet Strategy is more than developing web business strategies and a web design strategy. As a business, the ultimate obje...
Business Strategy
A business strategy is formulated by selecting the target audience of the product and assembling the marketing mix. A firm ca...
College Students and Graduates to Run Company Outlets or Franchises
Does your overall business strategy include the recruitment of college students to run your locations? Are you a franching c...
Strategy Games
In the marketplace, different firms take different strategy stances. This is but natural. As long as their situational design...
Franchise Companies Regional Brain Storming Efforts Yields Success
It is paramount to continually seek the best and most efficient systems in any business to service the customers, beat the co...
Expanding your business in a franchise system
If you are a successful franchise of a large franchise brand or chain, chances are you will wish to expand. The most importan...
Franchise Agreements, Cash Flow and Royalty Payments
One of the biggest concerns in franchising for a franchise company is cash flow. And that means a franchisor must pay carefu...
The Importance Of A Good Photography Business Plan
The photograph business is one of the most interesting of all businesses, and one of the businesses that has undergone one of...