In order to decide which alternative (franchise vs. standalone startup) is the
wisest choice for you, you need to understand the advantages and challenges of
both options.
The Potbelly’s train is firing on all cylinders and has successfully
penetrated the uber-competitive fast casual sandwich sector. Potbelly sells a
basic sub (PBJ, Pizza, etc) with relevant options (health, supremes) and
offers an awesome dining experience. Their main target demographic is the
lunch market, and their lunch lines are often out the door. Their menu
includes soups, shakes and salads in addition to subs and the old-wood decor
and live music make for a warm, neighborhood feel. Atmosphere is only the
beginning though. Their products are well-crafted and satisfying. The quality
of their ingredients is a cut above, yet price remains similar to that of
their competition.
You are correct - it is very difficult to use the words, "flexible" and
"franchise" in the same sentence! The flexibility comes with allowing our
franchisees to cater their product mix to their local demographic. Florida
fashion is different than North Dakota, Louisiana or California. The
sophistication comes with the build-out, marketing, point of sale - inventory
management system, intranet communications, buying resources and most
importantly, the networking of franchisees across the country sharing fashion
trends and what's working.
Our experience and longevity have established the H&R Block brand as one
that is synonymous with quality, expertise and stability in the minds of the
public. This reputation is the biggest advantage a franchisee can have over
the competition.
It’s exciting to be a part of a growing movement - what some are calling a
fundamental revolution in our food. Most of us were never taught what
composting was, and a lot of us don’t know if a potato is planted in May or
July, or if peppers grow underground or above. These days, however, you don’t
have to let your lack of knowledge stop you. Dive in! There are a lot of
businesses, organizations, and people out there ready to help, plenty of tools
available for you, and at the end of the day, there are few things as
satisfying, or as healthy, as eating afresh sun-gold cherry tomato that you
grew yourself from a tiny seed.
Franchisors need to have guidelines for franchisees when it comes to using
social media, but to date, most have not put together formalized play books
for franchisees to follow. There are plenty of things you can do so your
franchisees can create innovative marketing strategies using Twitter,
Facebook, location based networks, blogging, etc., as long as they understand
the guidelines of the franchisor first.
The first qualification considered and investigated is often the prospect's
financial situation, so as a franchise applicant you will need to be familiar
with the financial jargon that a franchisor may employ in their questionnaire.