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by Bill Bartmann
Bill Batmann, business coach, has completed a series of lectures on the essentials of business
ownership. He's been covering the advantages and disadvantages to various avenues of business.
In part 5 of his series, Bill Bartmann talked about franchising.
"Many hard working people who thought their jobs were secure are finding themselves laid off or
their hours cut," Bill began. "This said, the demand for jobs is up, which creates another
advantage to business ownership. Good employees will be easier to find."
According to Bill Bartmann, franchising offers the benefits common to those of starting a new
business and purchasing an existing business.
Bill put a slide up, showing the following advantages buying a franchise:
- The business is already formed - the planning is
done
- Reduced risk - the concept has been tested and proven
- Turn-Key Operation -- the franchisor helps you find and choose a location, hire employees,
market yourself, etc . . .
- Standardized Operating Procedures -- Training programs in place for all employees from
entry level to upper management
- Collective Buying Power -- 90% of your supplies, inventory, uniforms, etc . . . are
purchased through your franchisor who is buying in bulk and passing savings on to you
- Research and Development -- the franchisor decides when to introduce new product lines or
offer promotional discounts while you focus on operating the business
- Supervision and Consulting -- The franchisor provides training and supervision while you're
getting established.
Bill said, "The franchisor wants you to succeed; he gets paid royalties based on your success. A
good franchisee will provide the training and support you need to ensure you will show succeed and
generate a good profit.."
There were fewer disadvantages and each could pose a varying degree of negative impact on the
business; therefore, they were well worth mentioning.
- Bill Bartmann said, "Freedom and control is somewhat limited as you must do everything
exactly as you're told to do it. The franchisee is not authorized to change policies or
procedures; they cannot decide when to introduce new products or promotional discounts. In this
case, you have a boss; the franchisor, who makes all the rules as if you are an employee."
- Bill Bartmann discussed the contract, cost associated with buying a franchise and
difficulties that could result from another franchisee in the same business having a legal
issue or problem that catches the attention of national media.
Bill Bartmann concluded, "When franchises are operating well, everyone does well. When there are
problems, all the franchisees can suffer. Though a lot of the risk potential is reduced, there are
still possible risks to consider when deciding to buy a franchise."
Bill Bartmann is nationally known and respected as the business coach. Bartmann covers the paths
to business ownership and the advantages and disadvantages to each.
His online course, Billionaire Business Systems, has guided many entrepreneurs to great success in
their business ventures. Go to http://www.billionaireu.com to learn more about Bill
Bartmann's courses and products. Contact: Bill Bartmann 8556-C E 101st Street Tulsa, OK 74133
918-388-3328 bill@billbartmann.com This press
release was submitted by Right Now Marketing Group, LLC
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Bill Bartmann may be contacted at http://www.billionaireu.com billpr09@gmail.com. Click here to view more of Bill Bartmann's articles.
Bill Bartmann is a self-made billionaire who went from homeless at the age of 14 to becoming a
billionaire, going bankrupt, then bouncing back to do it again!
Bill has had his self-doubts and even bouts of depression; he wouldn’t be human otherwise.
However, when self-esteem is strong and you’re clear about your values, then you can bounce back
from the lows; each time, you bounce back just a little bit higher.
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