Success by Using the Franchisor’s Way

Franchises would be at the top of any list of investments people consider a sure bet. After all, the thinking goes, an entrepreneur is buying into an existing company and opening an outlet where none exists. Surely, the money will just pour in.

Of course, it isn’t that simple. But it can work if you follow the script. And have a bit of luck.

The great thing about a franchise is that the franchisor has already proven that their product or service is successful. They don’t guarantee success, but if you do it their way, your chances of success are far greater than if you do it on your own.

It takes a certain type of entrepreneur to succeed — one who is comfortable with running a business in a prescribed way.

Although franchises my seem to be a less exciting investment, for someone who really has a passion for managing a process, investing in franchises can be so lucrative that that extra spark may not matter.

The biggest challenge for passive investors may be managing the people who are making the investment profitable day to day. Products and services don’t deliver themselves; but rather success is driven by the passion and motivation of employees. It’s critical to make sure the people who work for you are well taken care of.

As a passive investor, having someone to pay attention to the day-to-day operation is crucial. Those who just want to invest are smart to hire proven operators; your business is only as good as the people running it.

For investors who want to turn one franchise into many, the type of franchise they start with matters. Choosing a brand that would be easier to finance given a successful track record and existing customer base are critical to the decision of multi-unit operation.

Finally, for those who want a hands-off role should consider buying existing franchises instead of building one from scratch. If you buy a franchise that is already operating, the next day you are making money rather than spending time training staff and opening with no revenue.

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

Should I Use A Franchise Broker?

As an entrepreneur looking to purchase a franchise, it can be overwhelming to wade through the sheer number of franchise opportunities eager to welcome you into their system. Where do you start? How much will it cost? Which one do you pick? If you are traveling this road alone, you’ll be challenged to answer these questions on your own. An alternative to scouring through all that information by yourself could be to engage the services of a franchise broker/consultant to help you along the way.

What is a franchise broker/consultant?
A franchise broker (also known as a franchise consultant) is an individual who acts as an intermediary between the franchisor and an individual interested in buying a franchise. In most cases a franchise broker is not directly employed by the franchisor and represents many different franchises. There is no fee incurred by the individual interested in buying a franchise. The franchise brokers are paid a commission by the franchisor.

How can a franchise consultant help me?
There are an estimated 3000+ franchises available in the United States today. A franchise broker can help you select among these various franchise options. Typically, a broker will review the amount of money you have to invest and steer you toward opportunities that match with your interests and resources. They may also help you complete applications and the paperwork necessary to complete the franchise sale.

What should I know about franchise brokers?
There is a lot of debate in the franchise industry about the pluses and minuses of using a franchise broker. If you are thinking of using a franchise broker, here are a few tips to consider:
• Have a clear understanding of their services including their compensation
• Ask a lot of questions regarding their experience
• Be comfortable with their approach

A good broker will have a number of different options available and be well informed on the business model and type of candidate the franchisor is looking for in a franchisee. Also, remember that a franchise broker is only part of the process. You will also want to work closely with your accountant and a qualified attorney to help you navigate the financial and legal aspects that are critical to your success.

Beware!

Some brokers may claim that the franchises they represent have been screened and meet certain standards; however, some brokers will represent any franchisor willing to pay them a commission regardless of the performance of that franchise system.

Some brokers may steer you toward a more costly franchise to beef up their own commission.

Some brokers may make certain representations about income. Earnings claims may not be true or can be misleading. Note that many franchisors prohibit their sales representatives from making earnings representations.

And run away from the broker that….
– speaks poorly of franchises not in his/her portfolio
– promotes franchise brokering as your best franchise opportunity
– uses heavy-handed and high pressure sales tactics

While a good franchise broker can help you make a more informed decision, it’s important that you are comfortable with both their knowledge and approach. Ultimately, the choice is yours to make. If you choose to work with a franchise broker, it is important to work with one who has YOUR best interests in mind. You have to trust that this individual will guide you toward the franchise opportunity that most closely meets your personal and professional goals.

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

Choose Franchising!

Buying a franchise is a really good way to start your own business. You can avoid much of the work that goes into starting a business from scratch. You also have the advantage of following a blueprint, which is a proven business model. The first step though, is obviously choosing the right franchise.

Why High Touch High Tech?

When choosing the right franchise, keep your options open. Don’t just focus on one or two concepts. Having an open mind will help you to locate that hot, new concept. Also, talk to leaders from existing franchises. Getting feedback from people who have successful franchises will be beneficial.

Meet Our Franchisees

 

If you already have an idea in mind about a particular franchise, contact the business and get information about it.

 


Steps to Ownership

 

Review the franchisor’s website and any other material provided. Read their Franchise Disclosure Document at least twice. You can learn about the franchise’s history, training and marketing programs, plus any costs that you may incur. By reading the Franchise Disclosure Document, you can easily tell if the franchise is a correct fit for you. You should also be honest with yourself.  Assess your skills, interests and experiences.
Think about how much money you can invest and how much money you plan to make in this venture. If you make a list of your strengths and weaknesses, you can create a strategy and model for your research.

 

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

Top Reasons to Buy a Franchise

So recently, we learned, “What is a Franchise.” In today’s blog post, we’d like to identify some of the advantages to investing in a franchise. With the help of Ask.com, we have compiled a list of the top 10 reasons why we think buying a franchise is a good idea. We invite you to review this list and share your feedback.

Buying a franchise can be a life-changing experience. Here are some reasons to consider buying a franchise…and maybe this will help you understand why a franchise could be a great investment.

1. Quick-Start Business
There are many entrepreneurs that have exactly what it takes to run a successful business but don’t have what it takes to get their business up and running. Whether it is financing or even the confidence it takes to quit their job and start their own business.

Buying a franchise eliminates all the hard work. When you buy a franchise you are buying a complete turnkey business.

2. Proven System
When you buy a franchise you buy a system. All franchises have an already-established system in place that you must follow. These systems are designed to improve the overall productivity and increase sales of each franchise. Having a proven system already in place eliminates the guesswork and errors a common business owner would normally face.

The High Touch High Tech – Science Made Fun franchise system has a 20-year proven track record of success! Find out more at ScienceMadeFunFranchise.net

3. Increased Probability of Success
Buying a franchise is very different from starting a mom-and-pop business. Since there is an already established system in place, there is a higher likelihood of success. If you follow the system the franchisor has put in place, you should be on your way to running a very successful business.

4. Corporate Image and Brand Awareness
If you buy into a franchise system that is already established the corporate image and brand awareness is already recognized. Customers are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust.

With 27 locations across the US and around the world, the High Touch High Tech – Science Made Fun brand is easily recognized and valued by parents, teachers and the local communities in which we serve.

5. Easier to Obtain Financing
Lenders are usually very comfortable financing the purchase of a franchise because they already have a proven track record. Bankers usually look at successful franchise chains as having a lower risk of repayment default and are more likely to loan money based on that premise. In addition, some franchise systems even provide in-house financing and/or leasing options.

Learn more about SBA loans and the High Touch High Tech – Science Made Fun in-house financing program.

6. Training
Most franchise companies offer a multi-day/week training program that is usually held at their corporate offices or at an actual franchise location. This is what makes franchises stand out from every other business or business opportunity. The franchisor will train you to run your franchise exactly the same way their other franchise locations are run. This will ensure that you are running your business efficiently and will help to eliminate any common mistakes a new business owner usually faces.

Spend a week training with High Touch High Tech – Science Made Fun in beautiful Asheville, NC to learn all the in’s and out’s of being a franchisee. We’ll make sure you are equipped with all the tools you need to start up your successful business!

7. Ongoing Support
When you buy a franchise you are never alone. You will always have the support of the franchisor and the support of knowing you are part of a growing family. You will always be able to pick up the phone and ask questions to the franchisor or even to other franchisees.

High Touch High Tech is committed to providing our full support and resources with ongoing communication, conferences, program development, technological advances and more! We’re here for you….just a call or click away!

8. Marketing
There is usually no need to worry about advertising your franchise. The franchisor usually takes care of handling all of the marketing. If the franchisor does not handle the marketing, they will typically have branded materials that you can easily modify and reproduce to meet the demands of your local market.

With branded print marketing templates, branded e-newsletters and as slicks, we’ve got your marketing needs covered.

9. Exclusive Territory
When you buy a franchise you are also buying an exclusive territory in which to do business. Franchisors will only allow a certain amount of franchises to be open within a certain geographical region. You will be entitled to a certain area and no other franchises (within your franchise system) can be open within that area.

The standard High Touch High Tech franchise territory serves a population 1.5-1.8 million. All territories are protected and exclusive.

10. Own Multiple Locations
Being a part of a franchise system will always offer you more opportunities to grow within the system. Once you have become a successful franchise, owner the next step is to become a multi-unit franchise owner.

After you have one successful franchise open with a great management team you can focus time on opening a second location. Multi-unit franchise owners manage more than one location and are able to sometimes double their income by taking on more than one location. Owning multiple franchise locations can be very lucrative.
The decision to invest in a franchise is personal, emotional and involves the support of family and friends. You need to ensure your business ideas align with the franchise opportunity that interests you most.

For more resources on the Basics of Franchising, visit Ask.com.

For more information on High Touch High Tech – Science Made Fun franchise opportunities, visit ScienceMadeFunFranchise.net

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.