Category / London
Serving the franchise industry for 20 years
Taking the first tentative steps on the road to franchising can be somewhat daunting. This is where we can help you franchise your business with our step by step approach – a strategy How 2 Franchise have fine-tuned throughout the course of our career spanning over 20 years in the world of franchising. Our experience allows us to teach you the best methods and structures whilst avoiding the most common pitfalls and mistakes.
We can support you in every aspect of franchising. If you are thinking of franchising your business, we can complete most of the work on your behalf, or you can save costs and purchase our D.I.Y professional franchise template documents. This Includes Everything You Need To ‘Franchise My Business’.
We will sculpt and shape the idea you have for your business, inform you of all the costs and steer you away from the many pitfalls. We Do The Work For You – 95% of the franchising work is carried out by our team, leaving you to focus on your core business.
Find out more here or contact How2Franchise direct below.
https://www.workingmums.co.uk/top-franchise-awards/sponsors-top-franchise-awards/how2franchise/
5 Reasons In-Person Meetings Still Matter
Here are five reasons:
1.Reduced distractions
How many times have you attended a virtual meeting only to be sidetracked by incoming emails from your colleagues or boss? I am guilty; we all are. It is simply unavoidable.
A recent InterCall survey found that of the 340 marketers surveyed, only 62 percent said they would log on from their office. Yet, more than a quarter of respondents were attending from bed (14 percent), their car (9 percent) or from the beach or swimming pool (5 percent)!
When attending an in-person event those innate virtual distractions are removed for participants. Also, it may sound odd, but the peer pressure of the other attendees in the room helps to keep attention on speakers.
2.Beyond the content
When event-goers pony up cash, invest time and take a flight to attend; they’re committed. And these attendees are more likely to take part in breakout sessions, post-event dinners and other networking events, leading to a more involved and complete experience.
Related: These 5 Mistakes Make Meetings a Huge Time Waste
When meetings are held in-person, there is a unique opportunity to get creative and leave a lasting impression about your brand and company culture. A live experience means that attendees can engage multiple senses that just cannot be duplicated with a computer.
3.Comfort zone eliminated
There is something invigorating about being in a room full of people who are as excited to talk about the same topic as you are. It can renew attendees’ excitement and focus about the topic of discussion.
Attendees are physically in a room with others that have the same learning goal but different backgrounds. This allows for meaningful relationships to grow beyond their industries.
4. Networking hurdles removed
Behind the screen is a not an effective place to meet people. The hurried nature of online events may help attendees “meet” a larger number of people, but the virtual world allows for less quality time to interact with others.
An article, which recently appeared in Psychology Today, suggests that too much time behind a screen could hinder people’s ability to recognize emotions — a vital tool for building successful social relationships.
5. Let’s keep this ‘off the record’
When attending an in-person event, there is an opportunity to speak more freely in one-on-one situations. There is also a heightened sense of trust when meeting with someone in person vs. just speaking online — and less of a chance something will be taken out of context.
The next time you consider whether there is enough room on the budget to meet in person, consider these points. While the time and cost is a greater investment, it is worth exploring to reach the goals your organization is looking to achieve.
Why banks like to lend to franchise buyers
There are currently over 270 different business format franchises in Ireland generating turnover of 2 billon euros and employing in excess of 25,000 people. These statistics prove the importance of franchising in our economy where continuing sector growth presents opportunities for people who wish to own their own business and work for themselves but not by themselves.
The combination of a strong franchise with a proven track record and an ambitious franchisee makes good business sense from a banking point of view. Failure rates for new franchise businesses are much lower than independent start ups making them a much more attractive lending prospect. A proven track record of operating profitably in the Irish market through a pilot operation should be strong enough for both a bank and the potential franchisee to be comfortable with the investment.
Bank of Ireland Business Banking recognises that franchising has become an integral part of our economy, which has experienced exceptional growth in recent years and as such we understand the importance and development potential of this sector in Ireland. For these reasons Bank of Ireland Business Banking is committed to working closely with new and existing customers to enable them to develop and grow their chosen franchising business. A lender will expect a potential franchisee to provide a portion of the total investment costs as equity, ranging from 30 per cent for established franchises to 50 per cent in the case of new franchises. The lending package can be a combination of asset finance, term debt and overdraft facilities. Bank of Ireland Business Banking can fund up to 70 per cent of set up costs for franchisees and the package can be a mix of all of the above products.
The costs involved in buying into a franchise can be a mixture of initial start up costs and ongoing costs. These costs can vary from thousands to hundreds of thousands of euros, depending on the type of franchise – whether it involves ‘a man in a van’ or a retail outlet. The initial start up costs can be broken down into: the deposit, initial franchise fee, premises/vehicle leasing costs; and working capital. The ongoing costs can include either a fixed monthly fee (payable irrespective of turnover) or a royalty fee (dependent on turnover) plus an advertising fee, to support the brand through marketing activities. When assessing a business proposal from a potential franchisee, Bank of Ireland Business Banking will review the proposal in as much detail as any other business. A detailed business plan will be required outlining:
- Detailed information regarding the particular franchise and its franchisor.
- Market and industry analysis – detailed market research supports the proposal.
- The competition and how many like businesses operate in the market.
- Personal information about you and your own business background.
- Financial assessment outlining the costs of setting up, your contribution, how much you wish to borrow and what security you have to offer. Also a set of financial projections, cash flow forecasts and profit & loss projections should be included.
- Business assessment: is this a good business concept, tried and tested and proven by a profitable pilot operation?
Together with the detailed business plan, the lender will expect that the potential franchisee has done their homework, has a deep understanding of how the business works and is ambitious and enthuastic about the concept. It is also important that the potential franchisee has approached existing franchisees to ensure that a good franchisor/franchisee relationship exists, which offers high quality support and ongoing training. A well researched local marketing plan must be in place to attract customers. Security can also be required by the bank dependent on the amount borrowed and how much is being invested as equity.
It is important that independent legal advice on the legal agreement is sought before signing. This agreement should outline the obligations of the franchisor to the franchisee, and also the obligations of the franchisee to the franchisor. It is important that professional advice is obtained from a solicitor familiar with franchising
AVOID THE PITFALLS OF FRANCHISING AND SAVE £1000’S WITH HOW 2 FRANCHISE.
THIS COMPLETE PACKAGE INCLUDES:
We genuinely have been there and done that, when comes to spending huge amounts of money franchising! This is why we are confident we can help you avoid the pitfalls and expenses that can be incurred by not following good franchise practices. The prospect of franchising a business is the best method of expansion for many business owners, however before you get started it is essential that you do your research and get advice. There are a number of decisions that need to be made and it is critical to seek the right professional advice and support to ensure these questions are answered. You can therefore set yourself on stable road to franchise a business. How 2 Franchise can be there at every step of the way from franchise documents, management, advice and franchisee recruitment.
FRANCHISE AND LICENSE INDONESIA EXPO 2016The Franchise & License Indonesia Expo in Jakarta presents a wide range of franchise opportunities with Indonesia’s best-known companies. In seminars and personal interviews, the participants of experts in this industry will be fully supported and explained the potential of this sector. Topics include, inter alia, Franchising, legal considerations when buying a business and lease negotiations. It is a good platform to talk to representatives of the market this week and make new contacts. It is an important source of information on franchising. Lectures and discussions will inform about franchising, associated amenities, methods of financing and legal aspects. The Franchise & License Indonesia Expo will take place on 3 days from Friday, 02. September to Sunday, 04.
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The Right Franchise For You
Are you weary of franchises sending you emails?
All pitching for your investment…
Are you searching for the right franchise for you?
How2Franchise is here to help you find your perfect business opportunity
The search for a franchise can be stressful and confusing, with hundreds of franchises to select from with your investment. It can cost you a lot of time and money while searching. We’ll look at your skills, experience and what really excites you. If being a business owner is your way forward, then we are here to advise you every step of the way. Our expert team will work with you, identifying your Skills, Lifestyle, Ambition and Investment to find your perfect business opportunity. How2Franchise offer a honest and open bespoke matchmaking service to point you in the right direction to successful business ownership.
Our mission is to give you the best possible start…
We know you will do the rest.
Take the first step in finding your perfect business
Click Here to visit our Website
What Is Franchsing?
For a quick look into the world of franchising, take a quick look at the video below
If you would like anymore information On franchising give us a call on
01295 722846
or email enquiries@how2franchise.co.uk
The Franchise Sector Is Still Growing – Is Your Business?
The Franchise Sector Is Still Growing – Is Your Business?
The 2013 NatWest survey into UK franchising shows that annual turnover broke the £10 billion barrier. More importantly:92% of franchisees claim to be trading profitably which is an increase from 91% in 2007.
So Why use How2Franchise?
Low Fees we cut the costs of franchising by up to 75%
A Complete Price From £5999 plus vat
We do 90% of the work using our perfected programme
We work harder to develop an ongoing long term relationship with our clients
We are the most unique franchise consultancy in the UK, with extensive experience
We have practical experience of running franchises
You can be assured that you are receiving the best service available
Our flexibility and adaptability means that we can, and do, cater for every business type
If you have any further questions on How2Franchise your business or require any more franchise information please email or call us on 01295 722846 we will be only too happy to talk to you at no cost, no sales pressure.
Click Here To Download One Of Our Brochures
Serving the franchise industry for over 25 years
Bloxham Mill Business Centre, Barford Road, Bloxham, Banbury, OX15 4FF
01295 722846
Herman Jungerhans – London
Herman Jungerhans
How 2 Franchise Consultant
Tel: 02085055747
Herman Jungerhans brings an exceptional set of skills to the partnership with an extremely organised and focused approach. He has a strong background in accountancy and business analysis, which has been put to good use by many high profile franchise and retail networks including Game, Cheque Centre Group, Snow Gold (International), to name a few. In addition he has utilised his skills to support various SME and PLC organisations over the years. Herman has spent much of his time trouble shooting businesses in the UK and Internationally for well over two decades with relentless success.
As a result of his unrivalled eye for detail and knowledge of franchising, he was previously recruited to write the franchise contract for a UK based company, in compliance with the Californian state department, which subsequently passed under government law. It is this level of expertise and detail that has helped Herman assist many franchise and other businesses in setting up processes and systems that have enabled them to grow effectively and reach their full potential.
One of his defining franchise successes was that of his time with Cash Convertors, where he was part of the family that brought the franchise Cashconverters, from Australia to the UK. During this time Herman was instrumental in building the ongoing franchisor structure and processes that enabled the franchisor to successfully grow from a single site, to support 100 successful franchisees over 6 years to flotation. More recently Herman is working on a number of start-up franchisor projects which included the Harley Street Skin Clinics which is currently experience exposure on TV.
Herman is also a professional in Gold and precious metal trading, financial services, with a strong network of contacts throughout Hatton Garden and national jewellers. Hermans meticulous standards and work in this area resulted in him being offered the role of head of bullion for the Royal Mint.
Trained as an accountant, Herman knows the importance of sound figures, realistic projections and provable returns on investments. His background and vast experience in the detail of franchising operations support, is a must for any franchisor and franchisee and as a result offers an extremely strong skill set to the team.
How2Franchise 