There was an era when children were able to play outside until it got dark. They came inside when the streetlights came on. Today, helicopter parents keep constant tabs on their child’s every move. And as they grow, different children have different needs.
Times have certainly changed. It might not be safe to let children spend hours and hours unsupervised, but constant hovering doesn’t allow the child to grow. Somewhere in between total independence and suffocating supervision is the right amount of involvement.
A franchise business is not so different. Some franchisors hand over their names and let their franchise operators to fend for themselves. Others put in place such tight controls that there’s little room for growth. At Bin There Dump That, we like to think we offer the right amount of supervision at the right time. Here’s a look at how often you, the franchise operator, may communicate with the home office. Continue reading “How Often Will I Communicate With The Home Office?”
Franchises are a great way to make a living. Because franchises have a proven track record and established business processes they offer many of the benefits of owning a business without the risks of starting from scratch. Every foray into the franchise world begins with research, finding the type of business you want to run.
After the research — but before you open your doors — you will need to sign a franchise agreement, a document produced by the franchisor. Many future franchise owners are intimidated by the franchise agreement, but just because the franchisor creates the document doesn’t mean the contract is one-sided. A franchise agreement spells out the role each party plays in the process. It attempts to cover every situation between the parties and when there is disagreement, how that issue will be resolved.
Read your franchise agreement thoroughly before signing it. It explains your obligations as well as those of the franchisor. Though you might want to make adjustments to the agreement, the stronger the franchise, the less likely it is that will happen. It might seem like the company is playing hardball, but there are legal concerns that make it easier for the company to offer the same contract to everyone.
Here’s a look at some of the reasons a franchise agreement benefits the franchise operator.
James Spink spent 15 years living out of a suitcase. He worked around the country coordinating events for motor sports and decided it was time to spend time with his newly expanded family.
“That’s one of the reasons this was appealing to us,” says Spink, franchise operator for the Indianapolis Bin There Dump That franchise. Spink didn’t want to miss out on watching his now 2-year-old son Kanon grow up.
Spink and his wife, Lori, spent nearly a year and a half exploring a number of career paths and business options before settling on a Bin There Dump That franchise. He cites just one regret: not starting it sooner.
Continue reading “Franchise Operator Spotlight: Becoming a Household Name In Indianapolis”
A business plan can be a valuable tool for business owners. For someone looking to get financing, a business plan is necessity. You won’t even get in the door without a solid plan in hand.
Even for established business owners, a business plan can prove extremely useful.
It serves as a map for the where your business is headed and how you’ll get there. Every business plan has certain elements that readers expect. Here’s a look at five of them.