Home
>
Small Business
>
Home Based Franchise; What About Future Expansion?

Home Based Franchise; What About Future Expansion?

As a franchisor I am always asked by new and existing franchisees about future expansion. I find this to be a most wonderful question because I admire the strength of today's entrepreneur. With all and over regulation we still see hard chargers willing to battle the Tsunami of laws, rules and regulations as the debris rushes ashore. Indeed, with the Hurricane of lawyers presently in practice and Earthquake stampeding new attorneys getting out of law school, it is amazing the new warriors of free enterprise still press. Yes, in fact the modern entrepreneur has more floating and flying debris then ever before in our nations history. The of course want to shoot all the lawyers and regulators who have never made an honest dollar in their entire lives, yet no one has that much ammo and it is time consuming to run down all the much mold and slime.

As a franchisor to protect the integrity of our franchise system we had devised a fair plan for our expanding team members, which ought to looked at whether you are a franchisor or franchisee. Such policies keep the lawyers and the sneaky little petty bureaucrats behind the walls of the castle sweating it out inside their Trojan horse like the viruses and contaminators of free enterprise that they are.

Here is the policy, which is an excerpt of our Confidential Operations Manual of one of our brands. You should follow the thought process here to learn from our experiences:

"Buying of New Exclusive Territory for Your Franchise"

"Now, before we sell a territory containing a city that is next to the one you are in to a new prospective franchisee, we would obviously ask you if you wanted to be the person to buy that exclusive territory. If you did, and you had the necessary financing available and were in good standing in our system, then we would sell it to you instead of the newcomer."

"The reason is it is easier to sell it to you rather then to train a brand new person and start from scratch. Obviously if you are in business with us as a franchisee and you are doing well we want you to continue to do well. But we want you to continue to do well in your exclusive new territory as well as your present territory. So all of those factors have to be considered. Also, do you have the staff or do you have a truck manager to run the additional unit in the next territory? We want market domination. But to have market domination you need market penetration. To have market penetration you need market share. But to have market share, you have to be better than your competition. You have to be able to service more people faster, better and more efficiently. But to do that you may need an additional service unit and you may need newly trained managers".

"All these factors are taken into consideration during our evaluation as to whether or not we will sell you any additional territory. But of course we are in it to win it all the way. We support our team and we always try to hire from within first. So we would rather help our own team expand their business rather then bring on a newcomer outside of the team and risk having someone that was not as efficient as you and to lose temporary market share during the training period."

"So if your business is operating up to standards, we definitely want you to buy the territory next door and then hopefully to buy all the territories surrounding your city and have a very large, exclusive territory. That would be best for the team, if we had one franchisee for every ten cities. Of course, to expand to ten cities will cost you more money and for us to grant those to you, you would have to be doing well in all the previous cities, one through nine."

I hope you have enjoyed both my opinions and perceptions of the reality of today's market place and the tid bit of wisdom in expansion policies of home based and mobile franchise businesses. Most franchisors should agree with this policy out of simply pure fundamental principles Most franchisees should understand the need for such policies. So when a new prospective franchisee or existing franchisee of my system asks me about such thing, this is where I derive the thoughts, which make up my answers. You might also wish to think about this, because they do not teach it in school and you might get sued if you don't.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs

professional maid services Deerfield ..

In The News:

Researchers discover phishing scam using invisible characters to evade email security, with protection tips including password managers and two-factor authentication.

iPhone and Android users can reduce battery drain and data usage by restricting Background App Refresh to Wi-Fi connections instead of mobile networks.

Scammers nearly stole an Apple account by exploiting the support system with authentic-looking tickets and phone calls, users can protect themselves with safety steps.

FoloToy restored sales of its AI teddy bear Kumma after a weeklong suspension following safety group findings of risky and inappropriate responses to children.

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.

Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.

Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.

Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.

New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.

FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.

New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.

OpenTable now uses AI to track your dining habits and share insights with restaurants. Learn what data they collect and how to protect your privacy.

Google's discontinued Nest thermostats still secretly upload home data to company servers despite losing smart features, raising serious privacy concerns.

New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.

DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.

Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.

Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.

Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.

A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.

South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.

Archer Aviation has acquired Hawthorne Airport for $126M to launch an LA air taxi network ahead of the 2028 Olympics, featuring AI-powered eVTOL operations and next-gen aviation tech.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Home Based Franchise; What About Future Expansion?

Small Business