How Franchising Works: An illustrated guide
Вставка
- Опубліковано 3 кві 2014
- An efficient business model blamed by some for low wages, franchising squeezes small-business owners between corporations and workers. Here's a run-down on how it works. Part of a WBEZ/Front and Center investigation series. Full story: www.wbez.org/stories/front-an...
WBEZ - Chicago Public Media: www.wbez.org
------
Follow WBEZ on Twitter: bit.ly/VyekdH
For more videos from WBEZ: bit.ly/VyeZMm
Like WBEZ on Facebook: / wbez915
Check out WBEZ on Tumblr: / wbez
![How to Franchise Your Business [7 Steps]](/img/n.gif)
Legend says she still listing the franchise to this day
😂😂
Very informative...... And I love how you ended the video with the ending credits and the on going list of franchises. Defiantly gets the point across! ;)
When she started listing them towards the end of the video I had to like
Same! hahah
@@daynadream b
BG
BG
Bgfbgbbbbvvb
G
B
B
BG
BG
BG
G
I
Gh
Same :D
The ending of this video was really creative. That was my favorite part.
All handwritten, insane.
Thank you for your time!
This was beautiful, helpful, and funny @ the end. Thank you 😊
Very well put together video. I must say the squeaking of the pen is like ASMR from HELL
Having worked in the development of franchises of some of the most prominent companies in America, I must say the intent is commendable. The information is nonetheless inacurrate or outdated. For example, it cites that businesses that are independent fail about as often as franchised ones. NOTHING could be further from the truth! It has been proven statistics gathered beginning in the 60's that 7 out of 10 independents go out of business in the first five years whereas franchised operations have a succcess rate in the 90 percentile. The view or scope is limited. Virtually every industry in the world is franchised or it's sister, licensed. The The video cites a recurring payment to the franchisor of 5-10% when, in reality, the percentage can be all over the board and is often buried into the business activities in a way that is not reflected as a percentage of sales as this video intimates. Overall, pretty good and very informative in many ways.
John Mauldin Hi I'm looking to franchise fire protection company, do you have any suggestions or any info, thanks I appreciate it.
I agree with you John. Franchises and Brand Licensed Businesses have a higher success rate. I sell franchises for "Storks.com" and I would have embedded this video on our site if this huge inaccurate part wasn't there. Maybe they can re-research and revise this video so it can be more accurate.
"Success rate in 90th percentile" rolls eyes. When will people stop with "the statistic?" ua-cam.com/video/t3hu2G90jl0/v-deo.html
John Mauldin if you’d be interested, I would love to have your advice on franchising. My email is victoriaduncan21@yahoo.com
There’s a reason why people buy into a franchise....because it works.
Love how you've illustrated how it all works!
That Ending was pure cinema
Excellent video! Well said;Well illustrated! Thank you!
the squeaking of the pen hurts my ears
same here lol
Same here, tried to resist, gave up at 1:35 and gave dislike!
Hope she gets the message
@@darkentrepreneur134 Haters gonna hate. She did a great job. I liked to see you do better.
It’s not that bad
Thank you for the insightful video
Amazing ending.
Thank you for simplifying it
The ending is legendary lol
Very good presentation!
Love your video, you clear most of my questions on this topic, thank u!! from colombia, south América.
Thanks for posting this video. I would suggest any potential franchisee should think very carefully before signing up to a franchise with the smaller operations. They attract people in showing them one franchisee making an exceptionally good living but all the others struggling are hidden from view or blamed for their own poor performance. Then when the franchisor and franchisee inevitably fall out they are reminded they are locked into a 5 year agreement. If they do let you go early they force a Confidentiality agreement on you to keep you quiet to protect their franchise arm. I hope my post and experience prevents someone from losing their life savings.
That's so true. I had a client facing this issue. Check out the pros and cons of the franchisee on my channel. Please comment on what do you feel about it.
Your talented earned a fan.
Very interesting explanation.
Loved it... understood the concept in 5 min :)
Yeah, the concept is blame blame blame. Ignore this video. It's full of lies and garbage. Want to understand the real concepts? Ask an actual franchise owner.
thank you for sharing ur vids,
Great video.
While some of the implications for workers can hold true in the fast food industry (i.e. unskilled labor), it doesn't stick for employees that have education and training related to the field. If you're a water damage technician with training you make great money ($20/hr nationwide - $42k/yr) and don't need a high school diploma. Add on additional certifications for mold damage or odor and smoke and you make much more.
In India you will be paid 10$ / day for same job
Well done!
excellent !thank you!
When you have a franchise business. You pretty much own a job.
Jean Alexandre Not necessarily fam. You can really put yourself in a position to not have to work again, unless you want to. You have to know the market, want to do the work and a few other things.
If the business is a hit and demand for the product is high, the ROI could be so much that you can hire an operations manager to run the day to days and you just handle logistics and reinvesting.
Say you franchise a food truck or a Mobile grill. You now have what a brick and mortar business does not; The ability to physically go get your customers. Word of mouth, proper marketing (online and physical) and the ability to go wherever you want (within the law of course) will put you in a position to prosper. 🤔 Plus, there isn’t a single person on earth that doesn’t eat. Look into it man but whatever you do I hope you’re great at and it takes care of your family. Blessing 💪🏾
So true. Franchise businesses can't afford employees as they have to pay the royalty fees and expenses. It's very hard. Check out the pros and cons of the franchisee Business on my channel. Please comment on what do you feel about it.
@@FOURUNNERFILMS but why is that arm flex black? Are u racist?
@@ricehair8807 what are you talking about
@@ricehair8807 ur the one who makes people think that you're the racist one
A very informative video
Great scenes..
This explains franchising like The Blair Witch Movie explains hiking in the woods.
Franchise City hahahaahahahahahhaaha !!!!!!!
hahahahahahahaha
Blair Witch Movie is scary as hell!
great video
Great video
Very Interesting
I have a test tomorrow about franchise, but i didn't understand it, so i searched for it on the internet. And then i found this movie, it's so good.. i can say pretty much that i do understand it now! thankyouuu
did you pass your test
yes i had 9/10, thank you verry much
Sounds like you had a liberal teacher. LOL so in reality, you actually failed.
Michelle Cosse to make long short what is a franchise....
Is there any diploma needed for this ?
Being a 30 year franchise veteran, this video makes franchising seems far more "command and control" and "compliance" than reality. Also highly naive regarding pay scale. Experts ARE NOT fighting about the impact of franchising on the economy. It's positive. However, most franchisors are not unionized. Many small businesspeople see that as a good thing.
Business owners see the lack of unions as a good thing the same way most tyrants see the lack of democratic reform movements as a good thing.
we have about 17 franchise companies on retainer and another 12 to 16 per year on project work
to compare a small business owner who is trying to make a living with a tyrant at the very least is a miss and at the most is shockingly idiotic.
Someone with common sense sees unions as what they're really for. (In modern day America, they're pointless organizations.) We already have laws that enforce safety, certain pay, etc.. What Unions claim to stand for. But, the reality is that the few take advantage of the many. In a Union, you typically have to PAY your union leaders. Even if you want no part of it. Even though the Union leaders have done literally anything to progress the movement they claim to stand for, you still have to pay in. While your cash flow dwindles, they're off vacationing in foreign Countries, distant resorts.
Unions are garbage. End of story. (True, they USE to be helpful.) When we were at a time where we had no safety regulations. No sort of insurance. Completely shitty pay for an insane amount of hours. Well, we have laws to protect us from that now. What do we need Unions for ? And how are you going to compare a small business owner to a god damn Tyrant?!
Question: Do franchsies last forever or do they all end?
Could not find an answer to this question through my research and you seem like one to know, thanks.
superb explanation
I love it when she doesn't use the word, "etc."
She did explain very well indeed.... but she used a lot of paper. I wonder what are the papers with minimal Sharpie marks are used for?
lol this is AI animation, not paper.
Very well explained! The doodling was really helpful for clarification. All the aspects e.g from the customers point,the franchiser's and the franchisee's was really helpful for better understanding. The pace of the tutor could have been a little slower and examples would have helped. Overall a good teaching.
Agreed with you. Check out the pros and cons of the franchisee on my channel. Please comment on what do you feel about it.
thank you
Last part,,,lol.. Good video
10/10 video
Goodvideo
the negative perspective in some areas demonstrates a clear lack of knowledge; the wages in franchises are similar to independent business within the same industry plus you may actually have an hierarchy to climb for enhanced career opportunities
The real impact on the economy are the massive number of SBA loans guaranteed for bad or deceptive franchises granted by banks whick get repaid by taxpayers when they default. Franchisees lose their homes, taxpayers pay the banks, franchise brokers cash thei commission checks and lie about 90% success rate.
Legend says she's still going to this day...
thank you for ive learned alot!
you forgot to mention churches, great video !
🔥
this type of franchise only applies to the fast food industry. Take Transformers for example they are a toy business and franchised their brand into cartoons, music, movies video games etc.
number 1
What's your name?
Simran Kohslan.
*Begins to sweat...* "NICE TO MEET YOU, *PAL*"
I Franchise my Business everywhere.
Evil Morty , Hi I'm looking to franchise a fire protection company, do you have any suggestions or any info, thanks I appreciate it.
God video
hello
Check out Franchise Creator Episode on our Channel.
my ear hurts with the scratch efx on the video
Name five things you learned about franchising from this video please
You surely having a school report too.
''....someone special, someone with #SkinInTheGame .... '' ....interesting how she put that.....I think that's that code word shit the like to use. I met quite a few people in charge of franchise companies and they all tend to have skin in common....
Skin in the game simply means you've invested your own money and therefore have a vested interest in seeing the franchise succeed.
i like video
ok
Pretty sure I heard buggers, not burgers.
Very informative video but the music was annoying
More like .. The pen scratching noise on the paper
ok good
Bg music is irritating
The music is annoying and makes me unable to concentrate 1:38
this is not it works in reality
More consumers buy overseas
THANKS
#LANOTHEBILLIONAIRE
Good Food
CLUMSY?
Fast food franchisor is the modern day slave driver, period.
As soon as I realized they would be drawing throughout the video I changed it. Very annoying.
Hi did you need this music to be this loud. Poor video
pls draw using an online programme. my ears!!!!
There's too much stress on the art and design of the presentation. Please make sure that you speak more that what you design
These people just cheated on me. It's just a lie
you do live in america the land of capitalism... jus sayin
And?
Thsiscool .....says just saying?!
+OutWanderin lol ok. I wasn't trying to be hostile or anything.
Who's dat Blackman
The sharpie sounds are legitimately unbearable. Couldn’t finish video.
this is bad business.
This "video" is bad business* fixed it for you.
learned nothing, terrible
The ending was so annoying I disliked
it's kind of fare, it is like the backend - frontend. ok get it. it's kind of like the stock market. except your just