Archive for the ‘phone franchise’ Category
Mobile phone users are ‘wasting £800m’
July 7th, 2010 | 
Author: Original article from BBC Newsbeat
People on mobile phone contracts are wasting £800 million every year because they are on the wrong tariff.
New research from price comparison site Top10.com claims that if people switched to contracts that suited them better they could save £62 a year.
It’s being put down to users either not making the most of their monthly deals in terms of calls, texts and data downloading or going over their minutes and being charged extra.
There are also claims that with so many deals, on different length contracts, people can often get confused and end up not sure which one would work best for them.
To avoid paying more than you need the advice is to check old bills before signing on to any new tariff, especially as many contracts now last up to two years.
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What is a Franchise?
Franchising gives you the confidence to start a business on your own.
Growing rapidly worldwide as a proven way to develop successful new business ventures, business format franchising offers a ready-made solution to the uncertainties faced by those wanting to start up a new business.
When most people hear the word ‘franchising’ they probably think of fast food restaurants such as Burger King or McDonald’s but what you might not know is that franchising offers a wide variety of business opportunities for you to become a part of.
Franchising has proved to be one of the most successful ways of starting a business, compared to starting out on your own from scratch, and there are now over 665 different businesses operating as franchises in the UK.
The franchise principle is simple – all companies want to grow, so the idea is to permit a license to others to help sell their established product or service.
The owner of a business – THE FRANCHISOR – grants a licence to a local operator – THE FRANCHISEE – to use the franchisor’s name, product, service and association goodwill for a specific period of time. The franchisor in turn supplies a complete, proven concept together with their own unique ‘know-how’ thereby removing, for the franchisee, some of the uncertainties in starting a new business.
WHAT ARE THE ADVANTAGES OF A FRANCHISE?
- You don’t have to come up with a business idea, which might be time consuming and expensive
- A tried and tested market
- An established trade name
- Access to an experienced network and advice
- An allocated franchise trade area
- Training in business skills and sales will be offered from good franchises
- Market intelligence from the Franchisor
- Marketing activities undertaken by the Franchisor
- Bulk buying powers of the franchisor
- Finance may be more readily available
- Lead-time to success with a franchise may be smaller than that of a regular start up
WHO IS IN CONTROL?
Each franchise outlet is owned and operated by the franchisee and is the franchisee’s very own business. However, the franchisor retains control over the way in which the products and services are marketed and sold.
To make a franchise successful there needs to be a solid partnership, combing the franch
isee’s talents with the franchisor’s experience and knowledge.
WHAT IS THE COST OF THE FRANCHISE?
The franchisor will receive an initial fee from the franchisee, payable at the outset, together with on-going management service fees for the franchise license – usually based on a percentage of annual turnover or mark-ups on supplies.
In return, the franchisor has an obligation to support the franchise network, notably with training, product development, advertising and promotional activities.
VIEW THE ORIGINAL ARTICLE AT FRANCHISEINFO.CO.UK
Picking Winning Franchises
When you are looking to secure a franchise there is a decision that needs to be made between choosing high profile brands with their matching price tags, or maybe going for a well run business that has capitalised on a good market opportunity but may not have quite the profile of the national brands (yet).
The thing to bear in mind is that every successful franchise started with an owner who had a good product or service that was in demand and realized there was a good reason to branch out and repeat that model. Those investors who saw a market niche and a demand for those products or services got in early and made a killing. Those that came in later paid higher fees to gain entry into a lucrative market. Lower risk, yes, but a lower final profit also.
If you see a franchise that is new to the market but filling a need which you believe will only increase as demand grows, don’t pass on it just because it is new or growing. Have a good look at the business plan and the market. It may be a big opportunity.
For an excellent franchise model with great support and great residual growth see: Franchise Business Opportunities
How to make a success of buying your franchise
It’s worth pointing out that when you decide to invest in a franchise business there are a few sensible steps to take in the same way you as would before getting involved in any new business venture.
1. Check that the franchise you are buying has a definite competitive edge over the other competitors in the market. Understand what it is that makes the business you are buying unique, in other words why will people buy from you rather than your competition?
2. You do not necessarily need to be an expert in the business area that you are buying into, but you will need to have a good understanding of your market.
3. Assess what kind of training and promotional and marketing support you will receive when you buy the business, but don’t be complacent. What can you do to also promote your business and improve your skills?
4. Check the legals. Make sure you understand fully what you have signed up for when you take on your franchise. Are there any penalties for example should you decide that the business is not for you?
5. Make sure you have the skills to succeed in your chosen business area. Be realistic and make sure your skills are a match for the franchise you have chosen.
Pink connect franchise is a telecoms and business communications franchise which has a very comprehensive website answering all the questions you would want to ask about securing a franchise with this rapidly growing recession–proof business. http://www.pinkconnectfranchise.com
Investment Models for Franchising
For a modest investment you can buy a franchise with a business model that is running successfully with a know brand and operational infrastructure that has already been established.
Buying a successful franchise is one way of minimising risk in a new venture as a lot of the set up leg-work has already been done. For a modest level of investment you can buy into a growing telecommunications and business services business with a pink connect franchise that is recession-proof. http://www.pinkconnectfranchise.com
Pink Connect and Franchising Trends in 2010
Buying a franchise is worth considering during challenging economic times. History has shown that franchises tend to do well in times of economic downturn as people decide to take control of their own destinies.
There are a number of growth areas for franchisees in IT worth investigating, including the growth area of security cameras and website building. Pink Connect franchise limited offers a comprehensive telecoms franchise portfolio of telecoms and IT services which are recession-proof covering IT, security, telecommunications and a comprehensive range of business services that continue to be essential in order for businesses to function. http://www.pinkconnectfranchise.com