Are there Franchises with Flexible Controls and Procedures?
Posted on November 12, 2010 by My Franchise Law
When considering the franchise opportunities available on the market today, it’s important to ask many questions about each business’ rules and regulations to get a feel for the type of company you will be working with. If you are interested in more flexible controls and procedures, address this issue early so that you can work with your franchisor to negotiate an agreement that you both will feel comfortable with. Here are some items to consider:
How long has the company been in business? : As newer franchisors are eager to attract investors quickly, they will often have more flexible contract terms and fees. As an early investor, you may be able to reap the benefits of very favorable contract terms that other investors down the road may not be able to enjoy once the company has solidified its market standing.
How big is the company? : Smaller franchises are more likely to be open to flexibility in contract terms and business models more often than their larger counterparts. In terms of location alone, a smaller franchise offers more choices in location and territory, and may be able to give you exclusive franchise contract rights in your chosen area.
What type of business are you considering? : When considering the franchise business options available to you, keep in mind the operating hours and the effort required to get the franchise off the ground and keep it running smoothly. Restaurant franchises will often require you to maintain a stringent operating schedule and standardized training to maintain consistency standards within the chain, while a work from home franchise may enable you to operate on a much more flexible schedule to sell your products and/or services. No matter what option you are considering, ask about the flexibility you will be allowed concerning business operations to determine where your franchisor stands.