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Presented by: Marvin L. Storm. Types of Entrepreneurs Extreme Entrepreneurs Innovator Entrepreneurs Founder Entrepreneurs FranPrenuer Consultant Retired:

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Presentation on theme: "Presented by: Marvin L. Storm. Types of Entrepreneurs Extreme Entrepreneurs Innovator Entrepreneurs Founder Entrepreneurs FranPrenuer Consultant Retired:"— Presentation transcript:

1 Presented by: Marvin L. Storm

2 Types of Entrepreneurs Extreme Entrepreneurs Innovator Entrepreneurs Founder Entrepreneurs FranPrenuer Consultant Retired: Willingly/Unwilling

3 History of Franchising History Licensing Concept vs. Buying

4 Entrepreneurial Personality Lone Wolf vs. Team Player Entrepreneur vs. Franchisee

5 Finding a Franchise The Walk Around Approach Internet Research: –www.franchising.com –www.franchisesolutions.com –www.franchiseopportunities.com –www.redhotfranchises.com –www.franchisedirect.com –www.franchiseclique.com –www.franchisegator.com –www.franchise.org –www.franchisehelp.com –www.franchisesforsale.com

6 Finding a Franchise Websites to learn more about franchising – Franchise.org Franchise Salespersons & Consultant/Brokers – be aware of motivation

7 Finding a Franchise Types of Franchise Structures:  Direct Franchising  Regional Developer  Master Franchising

8 Finding a Franchise Types of Franchisees:  Unit Franchisee  Multi-Unit Franchisee  Area Developer Franchisee

9 Types of Franchises Franchise Industries: Art Franchises Automotive Franchise Children’s Franchises Beauty Franchises Business Services Franchises Cleaning and Maintenance Franchises Health Franchises Computer and Internet Services Franchises Construction Franchises Educational Franchises Entertainment Franchises Financial Services Franchises Fitness Franchises Food Franchises Franchise Consultants Franchises Travel Franchises Home Services Franchises Medical Franchises Pet Franchises Recreation Franchises Retail Franchises Senior Care Franchises Small Business Franchises Staffing Franchises

10 Franchise Disclosure Document What is it? Why does it exist? How to read it?

11 Be Aware Of: Financial strength Experience level of management team Franchise consultants Litigation Mature vs. emerging franchisors

12 Acquiring an Existing Franchise Location Same process as buying a business Additional criteria: Approval of Franchisor

13 Benefit to Franchising Brand Valuation at exit Learning curve reduced Technology Marketing Support Systems are a significant competitive advantage

14 Franchise Disc No right or wrong answer

15 Right For You? No right or wrong answer

16 Right For You? No right or wrong answer But an answer that needs to be answered.

17 Right For You? No right or wrong answer But an answer that needs to be answered. Never become a franchisee unless you are a team player

18 Right For You? No right or wrong answer But an answer that needs to be answered. Never become a franchisee unless you are a team player Never rely on a franchisor for your success – it is only a tool enabling sucess

19 Questions?


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