1 Choosing a social franchise or Business in a Box Keith Richardson ESFN, CoRE and Economic Partnerships.

Slides:



Advertisements
Similar presentations
FRANCHISING AS A BUSINESS OPTION FOR SMEs Brian Duckett
Advertisements

Introduction to Small Business
Social franchising Its impact and ESFN
© Pearson Education 2010 Edexcel GCSE Business Unit 1 Exam Preparation Introduction to Small Business Revision Notes Topic 1.1 Spotting a business opportunity.
Lesson 4.2 OWN A FRANCHISE OR START A BUSINESS
chapter Buying a Franchise 14 Or Franchising Your Business
What Is a Business Opportunity Chapter 6 Section 2 continued.
Unique Projects. “Empower unemployed mothers through Enterprise Development so that they can become financially and socially independent” -Tracey Chambers,
FRANCHISE IN LITHI LITHI Guidelines to Franchise your Business.
Franchising A company (franchisor) that already has a successful product or service enters into a continuing contractual relationship with another business.
FRANCHISING.
Chapter 4Copyright © 2010 by Nelson Education Ltd. Chapter 6 - Franchising After studying this chapter, you should be able to: 1.Describe the significance.
Global Market Entry Strategies
OWN A FRANCHISE OR START A BUSINESS
SELECT A TYPE OF OWNERSHIP
Introduction to Business Unit II: Business Ownership and Environments.
LESSONS ENTREPRENEURSHIP: Ideas in Action© SOUTH-WESTERN PUBLISHING Chapter 2 SELECT A TYPE OF OWNERSHIP An Existing Business A Franchise.
Competing for Advantage
International Business 9e
Accessing Resources for Growth from External Sources
How to Franchise Your Business
Franchises.
1 Choosing a social franchise or Business in a Box Keith Richardson ESFN, CoRE and Economic Partnerships.
1 FRANCHISE a business arrangement where one firm pays for the right to trade under the name of another FRANCHISER - the business which sells the right.
> > > > Options for Organizing Small and Large Businesses Chapter 5.
Partnerships and collaboration Working together: good for business, good for research I work for business.gov.au but also thought it would be a good opportunity.
B. OVERVIEW OF SMALL BUSINESS
How to Franchise Your Business Speaker: Tony Fitzpatrick Managing Partner
Do Now 1)What is a franchise? 2) What do you think is a benefit to opening a franchise?
Franchise A franchise is a form of business ownership whereby a person or business buys a license to trade using another firm’s name, logo, brands and.
Franchise BIZ Experts, LLC FOUR PILLARS FOR INVESTORS Dick Humphrey President & Founder Office: Cell:
SESSION 5: Competitors and Organisational and legal structure.
Business ownership BTEC unit 1. Learning objectives To describe the different types of business ownership To identify 3 advantages and 3 disadvantages.
Intranets, Extranets, and Private Exchanges OPEN QUIZ ON CHAPTER 1 What are the basic forms of business ownership? What is franchising? How many types.
Rushcliffe – great place, great lifestyle, great sport Rushcliffe Borough Council – Growing a social franchise 10 July 2013 Neil Clarke, Leader.
What we are studying next… Send your guess in!. Mr. Hudnall.
6-1 Entrepreneurship & Small Business The process of creating and managing a business to achieve desired objectives is our working definition for entrepreneurship.
Franchises LEQ: What are the advantages and disadvantages of purchasing a franchise?
© 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner.
Unit 1: Exploring Business Activity Business Owners.
January 18, 2010 Objective: Students will compare and contrast the difference between starting a business, buying an existing business, and opening a franchise.
1 SMALL BUSINESS MANAGEMENT Chapter Six Franchising.
A Movement of Ideas for Growth Results London, November 2015.
IB Business and Management 1.6 Franchising. Learning Outcomes Analyse the advantages and disadvantages of a franchise for both the franchisor and franchisee.
What is a Franchise? By Emma Roberts. How does a franchise work? A franchise works by a bigger business gives another business products of theirs to sell.
1.5.4 Choosing the right legal structure
FranchisesFranchises 4 th Year Business Studies. Starter – recap types of businesses What are the types of businesses that exist. What does unlimited.
Chapter 7: Franchising and Entrepreneurship. Types of Franchising Business format franchising: Single Unit Multiple Unit Area Franchise Master Franchise.
Business in Global Markets
B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Compare forms of business ownership Franchises & Family Owned.
IRE SHA FCN FRANCHISE. Franchises Aim: Identify the characteristics of a Franchise Objectives: Define a Franchise Know the difference between a Franchisee.
Business Ownership. Owned & controlled by one person Most common type of business Found in wide range of activities.
Starter Beauchamps High School. GCSE Business Studies Franchise Beauchamps High School.
Entrepreneurship CHAPTER 3 SECTION 2.  Values – beliefs and principles you choose to live by  Your values define who you are.  Core values do not change.
Background Reading Franchising & Pizzas Background Reading Franchising & Pizzas.
Franchising and Business Start-ups.
SELECTING A TYPE OF OWNERSHIP
Compare Forms of business ownership
Have you ever visited ……..?
Types Of Business Franchises.
Can franchising help grow the north-west’s economy?
Objective: To understand the elements of a franchise
Strategies for Firm Growth
SELECT A TYPE OF OWNERSHIP
Franchises.
UNDERSTANDING THE FRANCHISE BUSINESS MODEL A Journalist’s Perspective
Own a Franchise or Start a Business
Entry Strategy and Strategic Alliances
Economics Honors Edgenuity: Public & Private Solutions, Lesson 8
Compare Forms of business ownership
Presentation transcript:

1 Choosing a social franchise or Business in a Box Keith Richardson ESFN, CoRE and Economic Partnerships

2 Social Franchising defined The social franchisor A social franchisee A common brand Interchange of knowledge

3 Why take up a social franchise?

4 Why take up a social franchise Reduces cost Speeds up development May be impossible without it Share development costs Proven model Established brand Strength in Unity

5 Advantages in practice 1.An established and credible brand; 2.CoRE website & Network 3.ESCoRE, CoRE’s Energy Supply Company, 4.Support and expertise from existing CoREs; 5.Joint purchasing and links to technology providers; 6.Shared development models 7.Shared equipment eg Met Mast 8.Shared documentation – eg land lease 9.Technical expertise 10.Training courses

6 Advantages in practice But retain 1.Local control, 2.Local knowledge, 3.Local credibility, 4.Enthusiasm.

Other examples

What to look for in a social franchise 1.Operates in a local growth area 2.A well developed model 3.Capacity of social franchisor 4.Tangible benefits at the right price

What to look for in a social franchise 5.Adds credibility 6.Successful profitable franchisees 7.Internal quality systems for monitoring franchisees 8.Growth benefits all

Resources ESFN - Opposite’s Attract, Case Studies, Directories Social Enterprise UK Social Innovation Exchange

Group Exercise Select a social franchise What are the advantages What are the disadvantages?

Key lessons learnt?

Contact

Key points from group 1 Need strong model first Importance of the brand Franchisees must be allowed flexibility Innovation also comes from franchisees Range of working approached that is very developmental to fixed model Don’t need a licence Social franchise s happens to people

Key points from group 2 How can we all get involved in social franchising? How do we start up social franchising – not just for social franchis Ensure jargon free plain English Social franchising brings independence – it does not increase dependence