Franchising For Dummies - Softcover

Thomas, Dave; Seid, Michael

Softcover

ISBN 10: 0764551604 ISBN 13: 9780764551604

Publisher: For Dummies, 2000

Synopsis

You may think you know something about franchising because you probably shop and eat at franchised locations every day. But over the years, myths have developed about franchising, its rate of success, and its ease of entry. Managing or growing a franchise system can be tricky, but if you have the knowledge and motivation you can make it work. With Franchising For Dummies, the late Dave Thomas — founder of Wendy’s and a franchising legend — will show you how to make franchising work for you.

Whether you’re a novice or an expert in the business of franchising, Franchising For Dummies is the perfect book for you. If you’re a prospective franchisee, you can find out what to look for in a great franchisor. If you’re an existing franchisee, you can take a peek at what great franchisors are providing their franchisees. This easy-to-understand guide is also for you if:

• You’re a business owner trying to determine whether franchising is the right growth strategy for your company
• You’re an experienced franchisor looking to pick up new tricks on how to improve your franchise system

From finding the right franchisor to setting up a smooth-running operation, Franchising For Dummies walks you through the sometimes bewildering choices of franchising, and clearly shows you step-by-step- how to succeed. You’ll also discover how to:

• Understand the latest legal issues
• Find an ideal location
• Manage daily operations
• Attract and keep customers
• Hire, fire, and train staff
• Work with your franchisor and fellow franchisees
• Expand your franchise
• Franchise your own small business

No matter what aspect of franchising interests you, you must still be familiar with the process of evaluating, buying, running, and selling a franchise. Franchising For Dummies will help you deal with these key elements and show you how to make the most of your investment of time and money in this area.

About this title

Review:

Franchising for Dummies, by Michael Seid and Dave Thomas, details everything you need to know about this ever-popular route to self-employment. In typical Dummies fashion, it outlines the basics (from initial research through signing on the dotted line); development procedures (such as training employees, choosing locations, and buying goods); running the business (attracting customers, managing staff, dealing with franchisors); and moving on (considering further acquisitions, franchising your own ideas). Seid, a well-known consultant with 20 years in the field, and Thomas, the high-profile founder of and low-key spokesman for the fast-food chain Wendy's International, make this volume especially valuable by including inside tips taken from their extensive personal experience. "Too often, franchisees make the mistake of hiring an attorney to do battle with their franchisor, rather than simply sitting down with the franchisor, discussing their concerns, and coming to a negotiated conclusion," Seid advises at one point. "Training is nonstop, never-ending. It has to be," Thomas suggests elsewhere. "It has to remain a priority in your business because, one, you have turnover, but two, you can always improve." The combination provides a clear and complete primer for enlightened decision-making on virtually all aspects of franchise purchase and operation. --Howard Rothman

From the Publisher:

Discover how to:

Understand the legal issues
Find an ideal location
Manage daily operations
Work with your franchisor and fellow franchisees
Expand your franchise
Franchise your own small business

About this edition

• Publisher: For Dummies
• Publication date: 2000
• ISBN 10: 0764551604
• ISBN 13: 9780764551604
• Binding: Paperback
• Edition number: 1
• Number of pages: 408