Franchise Process MELISSA & MIRANDA 1 ST Pd.. Choosing the right franchise Its best to know what industry you're interested in. You may want to consul.

Slides:

Advertisements

Similar presentations

You are the financial advisor – what do you recommend?

Advertisements

How Businesses Are Organized

Read to Learn Describe the advantages and disadvantages of the three major forms of business organizations. Describe how cooperatives and nonprofits are.

Management Challenge an exploration of business This computer simulation give you and the others: an opportunity to manage a “real” business for several.

1 Presenter Date How to Start Investing Ana Forssman.

EBT Method of reporting and recording financial activity of a business.

Forms of Business Ownership ~ The Corporation ~ & ~ The Stock Market ~

Select a Type of ownership

Quiz #1 You decide to sell candies at a soccer game during December 2003 at the Rose Bowl to make some extra money. You have the following transactions:

2.09 Sports II. ROI ROI is short for “Return On Investment” This means that you want to make as much profit as possible There are many ways to do so,

© 2007 Pearson Education. Upper Saddle River, NJ, All Rights Reserved.Mariotti: Entrepreneurship Entrepreneurship Chapter 9 Cash Flow: The Lifeblood.

Financial Analysis: Estimate Price & Profitability Paper #3 Entrepreneurship & Innovation Feasibility Analysis: Part 4.

Limited Companies A limited company is a separate legal entity from its members. This means the company can raise funds in its own right and any debt incurred.

A Limited Company A Business owned by shareholders who each give the business money in exchange for Shares It is run by directors (who may also be shareholders)

+ Business proposal for CaseIt!. + What goods and services will I provide? I am providing people with personalized smart phone covers. Customers send.

What Is a Business Opportunity Chapter 6 Section 2 continued.

Stock Options Portland State University MBA Program.

Investing Bonds and Stocks. Setting Investment Goals  Investing presents opportunities for people and businesses to increase their income.  Investing.

 Choosing the right franchise  Deciding what franchise you can afford  Get an estimate of how much money you have/will need to start your franchise.

Chapter 6 Setting up the company. Objectives Best form of ownership Sole proprietorship and partnership Incorporating a business S corporation and limited.

Chapter 4.2 Own a Franchise or Start a Business

Copyright 2005 – Biz/ed Business Ownership BTEC Business.

Chapter 4.2 Own a Franchise or Start a Business

OWN A FRANCHISE OR START A BUSINESS

SELECT A TYPE OF OWNERSHIP

Introduction to Business Unit II: Business Ownership and Environments.

Cn ©2004 ING page 1 Succession Planning for Small Businesses.

Business Organizations. Starting a Business  Entrepreneurs : people who decide to start a business and are willing to take risks  Entrepreneurs should.

SELECT A TYPE OF OWNERSHIP

The Stock Market What you need to know to begin investing.

 When most people think about going into business they think about starting up their own business. But purchasing an existing business can be a good.

The Franchise Process. The Franchise Progress  You should choose a franchise you have interest in, or choose an industry in which you have past experience.

Business ownership Types of business ownership / responsibilities, investment & profits.

Service Challenge an exploration of business This computer simulation gives you and the others: an opportunity to manage a “real” business for several.

B. OVERVIEW OF SMALL BUSINESS

BCEN 2900 Entrepreneurship Chapter 6 Franchising.

Chapter 16 Types of Business Ownership

AW01 Introduction to WANs Case Study. Objective Identify the appropriate WAN technology given specific requirements.

How to Sell Franchises Speaker: Tony Fitzpatrick Managing Partner

Click here to advance to the next slide.. Chapter 6 Business Ownership and Operations Section 6.1 Types of Business Ownership.

Chapter © 2010 South-Western, Cengage Learning Short Sell.

Sources of Finance. Sources of finance We already know that a new business will have many costs e.g. –Premises, stock, wages, bills etc. They need money.

AB209 Small Business Management Unit 2 – Getting Started: From Idea to Business Venture.

To start a new business, buy an existing business, or buy a Franchise

Click here to advance to the next slide.. Chapter 6 Business Ownership and Operations Section 6.1 Types of Business Ownership.

 Register with Companies House  Company is a “separate” legal person so far as the law is concerned – i.e. it is separate from its shareholders  Issued.

Business ownership BTEC unit 1. Learning objectives To describe the different types of business ownership To identify 3 advantages and 3 disadvantages.

Types of business ownership Chapter 4. Academic Preparation  To take business classes in high school  To go to college and get a degree in business.

Select a Type of Business Chapter #4. Way to be a Business Owner Purchase an Existing Business Enter a Family Business Franchise Ownership Starting Your.

Business Organization. Survey Monkey /3SRZ9L6.

Chapter 8 Business Organizations. Advantages of Sole Proprietorships.

McDonald’s Franchise Christopher Smith & Jorge Gamboa.

Franchising. What is a Franchise An or license between parties which gives a person or group of people (the __________) the rights to market a product.

S UBWAY By: Sanjuana Rodriguez & Faith Crosby. F RANCHISE P ROCESS 1. Choosing the right Franchise Try to choose a franchise that’s interesting to you.

Understanding Business Structures Types of Business Structure Sole Trader Partnership Limited Companies Co-operatives Franchises.

UNIT C ECONOMIC FOUNDATIONS AND FINANCING

Marketing In Today’s World Freshman Seminar - Introduction to Business Dr. Hays Freshman Seminar - Introduction to Business Dr. Hays.

Ch. 22 Section 1 Types of Businesses. Proprietorships # of businesses in America 73% -- sole proprietorships (single owned) 20% -- corporations 7% --

SESSION 19: INSURING Talking Points Insuring 1. Insurance is a product that allows people to pay a fee (called a premium) now to transfer the costs of.

Forms of Business Exploring Business. Entrepreneurship/Business Ownership  How does a business impact the community it’s located in? 1.Added income for.

Copyright 2008 Prentice Hall Publishing 1 Chapter 6: Franchising Franchising and the Entrepreneur.

HOW PRODUCTS AND BYPRODUCTS ARE MADE MSAGED 7-1 What is the agriculture industry? Written by Melissa Moulton.

BUYING & LEASING A CAR Unit Two—Budgeting Standard 4 Financial Literacy Mrs. Morrey.

B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Compare forms of business ownership Franchises & Family Owned.

By Cindy Ravalo $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400.

The franchise process By: Osvaldo M. & Brayan P..

Stock Market Basics What you need to know…. What is a Stock? A stock is a piece of a company If you own a “stock” that means that you actually own a piece.

What is an IPO? IPO Definition

CBD Collection Law Basics—What You Need to Know

SELECT A TYPE OF OWNERSHIP

Presentation transcript:

Franchise Process MELISSA & MIRANDA 1 ST Pd.

Choosing the right franchise Its best to know what industry you're interested in. You may want to consul a franchise broker to help you out in your process, Also you may want to read different articles to suggest a perfect way you can invest into, remember popularity doesn’t always matter.

Basic steps on deciding what franchise you can afford 1.Franchise fee- every company will require you to pay a finance fee between 20,000 & 50,000. The fee covers the costs of training support and site selection. 2.Legal fees- first you should always consult with a franchise attorney. Your attorney will help you review the UFOC & franchise agreement. The price for an attorney can range from 1,500 to 5,000 depending on the amount of time you spend with the attorney. 3.Build out costs- once you decide on your location you will be given an estimate on your over all build out costs 4.Inventory- if your investing on a franchise and if your selling a specific product you must stock up on inventory. 5.Supplies- All new businesses require proper supplies to run a business. 6.Working capital- It is important that the working capital covers a length range of time ranging from months up to three years.

After you choose your franchise Overall, if you take your time and do some good research before making your investment, you will ensure your making the right decision.

Hiring a Franchise attorney Anyone who is considering on buying a franchise should consult with a franchise attorney. If you do it will help you to better understand the total franchise process. It is very important to consult with your attorney and go over all the documents needed for the franchise. Going over things will ensure you decision.

Preparing the business plan If you are considering on buying a franchise you should always consider on making a business plan, besides just helping you on your finance it will also lead you on to the road of success.