Categories for Startup Tips

The Must Ask Questions for Franchisees

November 2, 2017 5:11 pm Published by

If you’re ready to purchase a franchise or if you’re meeting up with a potential franchisor be sure to read up on our last post about ‘What to Ask a Franchisor’? Click here to catch up. Before committing to a franchise, it would be a good idea to consider these additional questions to find out if the business is right for you. Ask these at your next meeting: What kind of profits would I make? A franchisor will be able to share with you their projections for profit. However, you must complete a business plan and take advice from your accountants. Will I have any additional start-up costs? You may already understand the investment requirements for your chosen franchise, it’s... View Article

The Characteristics Of A Good Franchisee

October 4, 2017 8:40 am Published by

Purchasing a franchise has some great advantages; such as working with an established brand or company and the support and advice you’ll receive from the franchisor, read more here. However, do you have the characteristics of a good franchisee to make the business a success? At Home Care Preferred we look for particular characteristics in our future franchisees, so we can be sure they are right for our brand, company and the job- find out more here. In this article we look at the core characteristics in further detail. The first and most important trait that a franchisee should have is passion! When considering your franchise, ask yourself if you’re passionate about the sector, the industry, and the people! Running... View Article

5 Launch Tips For The First-Time Business Owner

October 2, 2017 8:34 am Published by

As a first-time business or franchise owner it’s likely that you’ve written up your business plan, had meetings with your bank manager and by now you’ve even had the training (if you’re a franchisee), but as first-time entrepreneurs there’s a jump that you’ll need to take from where you are now to the business launch. Read our previous post- “4 Skills You Need Before Opening A Business“. If you’re ready to launch, here are our top 5 tips for truly understanding your business or franchise before launching: 1.The 60 Second Pitch: Can you describe your business, sell your product or state your mission in just 60 seconds? Learn to pitch from day one so you can clearly and concisely describe... View Article