Doc Franchise Writings and Ramblings

Often when someone talks to me about franchising they will ask, "So, what are the hot franchises these days?" My answer is usually this, "The ones that most closely align to the new franchisee's personality and passions."

So let me ask, are you one of those who think a franchise’s success is the primary reason to buy a franchise? In other words do you think since they are successful I should consider becoming a franchisee in that particular business, that particular brand?

If you’re looking to become a franchise then you are likely to think just that way.

Don't!

“Hey, if it makes money for others, it’ll make money for me.”

Franchise Opportunities and Your Personality


If you truly want to find long-term happiness in a franchise, it’s critical you match your unique style, your personality, to the franchise’s operating style and that is an extension of the franchise companies culture. Every franchise either begins thoughtfully with a specific personality model in mind or develops one as part of their organizational development over time.

That is, the personal characteristics required for high levels of success regarding the franchise’s day-to-day activities need to relate to, not just your knowledge and skills but also your personality and how well they fit in with the franchise corporation.

Why?

Let’s look at the obvious…you certainly don’t want to make a significant financial investment and time to own a franchise you won’t enjoy. Work, career and business ownership enjoyment all are directly tied to how we define personal satisfaction. Personal satisfaction is not just a functional outcome of the work but a condition of how the process and components of the work/business we are accountable for is managed. Study after study conducted on behalf of franchising verifies that the primary reason for turnover and failures in a franchise is in a specific companies inability to match franchisee's with the culture that permeates the organization.

Let me give you an example.

Let’s say you’re naturally an introvert, no matter how successful a business may be for others, if an extrovert personality is required for success, it won’t be right for you. Being a Sandler Sales franchisee requires significant face time and the ability to execute the companies own process (How To Sell...) to your potential clients. Some may look at the business and think, "I am an executive. And the clients in this franchise business model are similar to me, they too are executives." But if you are not a high social contact person you will hate this business model. And, no, you cannot, in this model shrug these duties off on someone you hire.

You would find the same to be true of direct advertising franchises. You come out of corporate America and the clients in much of direct advertising are business owners and management but if you are not a people person this is a bad fit for you.

Well the franchise company will let me know if I don't fit won't they? No, not all of them use these forms of assessment and many who do aren't trained in either how to read them or their importance. The good news is that many of the best franchises use them but might not take them as seriously as you would want them to.

You’ve got to match your personality and your passions as well as the result, what you want the business to do for you, with the right franchise model. It is NEVER about liking the product or “look of the business”. It is not even enough that the franchise company has a truly button-downed, sure-fire approach.

How to Find a Franchising Opportunity Right for You

If you elect not to use a professional consulting service I would suggest you start by looking at a franchise business from the point of view of your personality.

Assess your behavior. Many behavioral and personality assessment surveys are available and they can assist you to determine your unique personality.

With this knowledge in hand, create a short list of franchises available that you "believe" match up with your personality profile.

A shorter method to this discovery is to use a franchise consulting firm. Many charge very little and some charge their consumer clients nothing and provide highly astute processes. Firms such as matchpointnetwork.com can help you do this effortlessly and immediately, at no cost. The reason it costs you nothing is that franchise companies are more than happy to pay these companies to find incredibly high quality candidates. As a matter of fact candidates that work through companies like www.matchpointnetwork.com have two things that every franchise company craves:

1. Franchisee's that perform at higher levels which translates to more money for everyone
2. Higher success rates for longer periods of time

MatchPoint queries the franchisees within franchise systems and outlines the profiles of their most successful franchisees. This also allows them to only recommend to their candidates the best of the best franchises in any given business category; talk about a time-saver!

Regardless of how you go about your investigation and learning about franchising let me provide a word of caution, don’t rationalize your profile or make excuses such as, “I’m the exception”…you’ll only be postponing the inevitable…a poor fit.

By digging into, "who you are" and how you operate most joyously you produce an atmosphere and process that increases the level of success you will achieve as you consider franchising as an alternative way of living your life and earning a living!

I do not know a franchise company that doesn't attempt to train their franchisee's to create an organized and "intentional" marketing program. Part of that would be of course to create a calendar to organize by and then execute the calendared events.

Most do not create the events so that they don't feel badly about not executing on it. We must change this!

To all my franchisee, Action Coach Consultants and small business friends it’s 60 days before the end of the year. Let's finished the year strong.

I've made these sound as if they are "end-of-year." The truth is these ideas work around any time of year, but help when they are tied to significant dates or celebrations. Some of these are not tightly defined as "marketing" but perhaps sales & marketing campaigns. These are simple and straight forward. That was my intention. Pick only one or two of them. But, know that in doing so you could change your momentum and begin a very strategic start to 2010.

All the best...

1. Plan a year-end webinar series. Record the webinar, and sell both the live event and the replays. Or consider using it as a lead capture tool to bring people into your marketing funnel in exchange for free access to the webinar replay.

2. Share a compelling customer case study. This can be shared with new prospects, or those who just haven’t made a decision yet. Be aware of updated FTC guidelines especially as it relates to testimonials, endorsements, and disclosing any compensation. (I am not lawyer, and this is not legal advice. It is something to consider before investing in a case study.)

3. Issue a press release on anything that would be classified as newsworthy of your work, company or client successes for your market. There are both paid and free online press release services. Consider PRWeb.com or OpenPR.com.

4. Create a simple contact your best customer program (Minimum: Top 10 but a better number is 25-30) Mix a short survey in with a valued personal gratitude gift to them. Determine if there are special needs you can meet in their business by end of year. Take this opportunity to also connect with them on any social networks they may be on (Twitter, LinkedIn, Facebook, etc.). And please, remember, ALWAYS ask for referrals.

5. Prepare a Thanksgiving email message, expressing what it is you are grateful for relating to your work and your family. Provide a gratitude offer to them (You are making the special offer because of your grateful heart over their patronage).

6. This next one is a no-brainer P.R. driven ubiquitous opportunity: Celebrate “Black Friday” with a “Black Friday” themed campaign of your own. Since “Black Friday” is for retail businesses who are becoming profitable for the first time in the calendar year (going from red ink into the ‘black’), talk about how your product has helped customers be profitable from day one, or within NN days of purchase. Build a story around the success customers have had with the product. Refer to a case study (#2 above).

7. Consider a marketing campaign themed off of the 12 Days of Christmas. Perhaps build a tip list of the 12 essential tools necessary to get the job done. Some of these tools can be ones you sell, but don’t make it all about buying from you (yet). Offer value.

8. Cap off the 12 days campaign with a special 3 day sale of your tools. Done right, the campaign should help them understand how your product or service would benefit them, and an enticing offer to cap it off will help them make a decision (to buy).

9. As an end-of-year message tell your marketplace of your most successful product, or business activity so far this year. Then offer a special sale to commemorate the accomplishment. Use email marketing or social media — or both — to communicate this event.

10. CRITICAL: Set goals and objectives for whatever marketing activities you engage in for the next 60 days. This not only helps understand the results, but often yields better results (see Hawthorne Effect). It will also serve as a guide to future marketing activities, as you learn what your market responds to.

Happy Hunting!

- A Compendium of Info For Franchisor and Franchisee - Ergo Certainly not Exhaustive

A few weeks ago I promised I would develop some thinking about the Franchise Disclosure Document (FDD) previously called the Uniform Franchise Offering Circular (UFOC). Let me clear the air about the FDD in a single sentence as it relates to how I feel about it: The FDD is a significant and important document.

Any franchise professional, franchise attorney, franchise company executive, franchise consultant...even franchisee should agree that it is a significant starting place in your understanding of the franchise you have under your review.

It is so important to me I would suggest you read 3 or 4 FDD's! More on this later.

Franchiser Key Point 1:If a franchise company has someone they believe to be a "hot" candidate and somehow the person drags their feet on the reading of the FDD, you should not shout for joy because they won't have to deal with the significant aspects of the business that might concern them once they are read and revealed. No, you should be concerned because they are taking are not facing up to A) the process of acquainting themselves properly with your concept and B) Operating by their gut which may or may not be in synch with your business model.

Now, to a thinking man, especially someone who revels in details and information, it would be unthinkable that someone would ignore this document. I am sure that it seems ridiculous, given the size of the investment, that anyone would just not pay attention to it.

But, the reason you read the FDD isn't why you might think. The Federal Trade Commission (FTC) does in fact (regardless of what they might otherwise state) evaluate and approve every document. In fact, if you read 4 or 5 of these you realize that 80-90% of the content is identical one to the next regardless of the kind of franchise or brand. Why? Because they all need the FTC's approval. A Simple way to do this is to make sure that the language used by previous approval's is part of your document.

Franchise Candidate Point: You don't read the FDD to determine how the franchise company is attempting to trick you. They're not. They gain nothing by tricking someone into a multi-year business relationship! You read it to understand that particular franchise companies nuances. The document has no legalese and is written in 5th grade English. You can or should be able to understand it.

Franchise candidate even when considering a highly recognized national branded franchise opportunity, you still need to read all the franchisor's documents carefully, yes, every single page. Because you need to understand your responsibilities to operate your business and there minimum level of commitment to train and support your efforts.

If there is anything about the franchise business opportunity that you do not understand (you may be new to the field or to a form of marketing, etc.) you need to have it explained to you by the franchising company (and they will) or a franchise consultant (always a good idea) or maybe a franchise attorney (But it's kind of silly to have someone explain what is written in 5th grade English then charge you $1000-$7500).

There is a huge difference between franchise business opportunities to invest in and, typically those differences show up in the unique business proposition of the operating systems and the expenses of a particular franchise offering. The 15% unique content you find in an FDD is found here and you need to understand it thoroughly.

Franchisee Candidate Point: The terms, conditions, financing, equipment, exclusive territories and price will surely be different, sometimes by extremely wide margins from one franchise to the next. You will find this information within the FDD.

Some words of caution to everyone.

Consultants: Do your job and understand, deeply, the concept of the FDD. You do not have to know every franchise FDD that you might be associated with; particularly those consulting firms that evaluate and have hundreds in their inventory. You do have to be able to talk a candidate through each of the 23 points of the FDD so they know what it means. You also need to have enough knowledge to help them understand why certain language is used, how it protects the system, a part of which they are considering becoming. Otherwise they get stuck in "Us vs. Them" mode and the document appears to be written with the company only in mind and not with the entirety of the franchise system.

Franchise Companies:Every year you have to "re-up" your agreement with the FTC and with the 13 (currently) unique registration states. Use this time to consider ways to simplify the language and create an agreement that has more possibilities to develop "win-win-win" scenarios (You, the franchisee, the end-user). Anything you can innovate that gives your system an opportunity to rise to a higher level of relationship and client concern (franchisee's and end-users are both your client) will provide you with energy and positive momentum. You might consider using representatives within the franchise system to do this. If you have questions about this give me a call. I can help.

Potential Franchisee or Franchisee Candidates The Franchise Disclosure Document is meant to provide you with information relating to:

1. The business of the franchise company

2. The operating system and how it works, is trained and supported

3. Your involvement, responsibilities and expectations

4. The investment and ongoing expenses related to the business in their entirety as understood today.

5. How the franchise company, (with the support and help of the FTC) is attempting to ensure the survival of the holistic and entire organization. Remember, today you are on the outside attempting to protect your right and reduce your risk. But one day you might be a part of the organization. Ask yourself, what rules and regulations do you want the next guy to have to follow so that your business, good name and reputation and ongoing reasonable expectation of success is not diminished?

One last note to those of you looking at franchise disclosure documents, remember 438,000 +/- franchisee's operate in the United States today. They all signed franchise agreements having had to review an FDD or similar document (UFOC). These are not all dumb people. Do yourself, the franchise company, and perhaps the consultant who represents you (especially the consultant) a favor. Do not make yourself look dumb. Don't try and talk anyone into the notion that this document is some evil, diabolical trick to destroy you and your family to the 5th generation. Along those same lines you need to know that no one, operating a franchise in the USA (or Canada) goes to their place of business each day and opens up the FDD, reads it, so they make sure they don't brake a rule. The document information is common sense people. Owning a franchise, regardless of what goofy thing you hear is simply another way of owning your own business. Only you and your crew can ensure your success because you are the ones daily who are on the firing lines. The FDD simply gives you the parameters within which to operate that potential success.

Make the FDD work for you but then put it on the shelf. You'll be opening it again about 6 months prior to deciding whether you wish to re-sign your agreement! And that will be 3, 5, 7, 10, 12 years down the line.

John is a 26-year professional in the franchise industry. He has been a franchisee, a franchise executive and an advocate/consultant to the public and to dozens of franchise companies. He is the founder and managing partner of Wilson Associates and can be reached at docfranchise@gmail.com. or direct office 480.838.1641

I recently got onto a plane, settled in with my computer case at hand, my ipod Touch at the ready - my Bose headset set up and my computer in my pre-planned position to swipe it out of said aforementioned case.

Then came the flight attendant.

He looked at me, grinned and asked if I would "be so kind" to switch seats with a husband who was needed by his wife so the two of them could keep their baby from exploding onto the passengers in and around where she was currently seated. Now, here I am. I am comfortable. I have perfected my environment. And this clown disrupts my mental zen. Further it will require some deliberate focus and nurturing to get me back on track once I have settled into my new digs.

This of course is a minor thing isn't it?

Imagine that same seat-swapping scenario occurring during a period of severe weather turbulence. Not only would you be anxious and feeling unstable in your current seat, you now have to collect yourself, mobilize without falling on your pa-toot with such concern related to spilling all over the passengers along the way and then get re-oriented in the new situation.

Organizationally change is usually difficult. It typically comes in the midst of failure and chaos. Change amidst instability is the worst. Yet many employees are feeling lost, anxious, hurt and confused lately as their companies reorganize, reallocate resources, cut costs and downsize staff.All the while, in the bigger picture, the economy searches for stabilization.

Franchisee's, are typically once-bitten victims of this kind of turmoil. Actually, many of them may have been bitten several times by downsizing or more generally, by being deeply and personally affected by change that caught them off guard in their previous careers.

It is then no wonder, now, at a time when they seem to have more control as business owners (often a significant reason they became business owners in the first place) when put into similar transitional scenarios in their franchise business, they resist strongly. They dig their heels in, shut their ears and just refuse change.

My experience also tells me that franchise organization must be better at forecasting and predicting change within the company and in the greater market than their corporate counterparts in business. This higher standard of expertise is something the franchisee, though it may be unspoken, is buying when he invests that fee into the franchise.

Franchises need to make a core competency out of looking at their current situation, considering options and executing on those well in advance of the changes needed. Franchise organizations, compared to companies that operate multi-unit/multi-regionally have many "owners." They have many decision makers and to get this distributed leadership onboard takes a significant communications effort. That effort must start sooner and create an atmosphere of listening, learning, hearing, training and teaching.

While we are at it, think of communication as the second core competency that every franchise desiring success must have or acquire. Period! Franchises must be communications experts.

If it typically is a 6-month ramp up time to changes required for a corporation then a franchise needs double that time. This time should be allowed for contemplation and preparation before transition can be deeply understood and welcomed. Occasionally changes are made under emergency circumstances. If this is the case, just know that success and acceptance is not likely to be 100% or even 75%. You will have to manage to another lower level of acceptance (and should you get better, because of your culture of trust then count it a blessing!)

To encourage employee buy-in, a executive I met recently shared how her company applied the "head, heart, hands" concept as an organizational imperative as they underwent some restructuring. I believe this kind of methodology is even more significantly exercised within a franchise since the cultures of franchises are so very personal (and the more personal the better in my estimation.)

Here's how it works:

Knowing that staff would find any change unsettling, the company's leadership created a unified plan to fully communicate and engage their teams before taking any action. Explaining all the logical and rational reasons for the change would enable staff to begin intellectually processing the information (head); acknowledging how the change would make employees feel before, during and after implementation would assuage their fear (heart); and outlining the tactical plan and ensuing goals would satisfy their need for action (hands).

Franchisers, remember, you have a very sensitive leadership team. They are your franchisees. They come in all shapes and sizes. They are however acutely concerned with change. Keep them abreast of unique opportunities or concerns in their area of concern (which includes the home office by the way.) Change, in our current climate may be inevitable but it does not have to be excruciatingly painful. Your leadership will make all the difference.

John is a 26-year professional in the franchise industry. He has been a franchisee, a franchise executive and an advocate/consultant to the public and to dozens of franchise companies. He is the founder and managing partner of Wilson Associates and can be reached at docfranchise@gmail.com. or direct office 480.838.1641

Franchises have it the worst. One corporate mast but many media experts; each one sure they know what is best for their market. Eeeesh!

Any successful brand is successful by standing for something singular in the mind of their users, clients, customers and potential customers. Getting those folks to see you different, what you stand, for is almost impossible unless you don’t stand for anything at all. In other words, a brand that is nowhere in the mind is a brand that can be changed. A brand that stands for something in the mind is a brand that is locked into its position.

In the cemetery of failed launches are thousands of products like Xerox computers, IBM copiers, Tanqueray vodka, Listerine toothpaste, Coca-Cola clothes, etc. These products didn’t fail in the marketplace, they failed in the mind. They tried to stand for something that didn’t fit the prospects perceptions about the brands.

Mind first, market second. You can’t short-circuit the process by taking a good product to market to demonstrate its superior performance and then, in the process, changing perceptions in the mind of the consumer.

I have been in more meetings than I can count where a franchise or association CEO or a CMO has said, 'Here is our product which out-performs our competition. Now it’s your job to communicate that superiority to prospects.'

Forget your objective reality. Forget product superiority. Marketing is a game of perceptions. The perception is the reality. Start with the mind of the prospect and figure out a way to deal with those perceptions, even if those perceptions are negative. Once you find that perception pound it to death!
• Avis is No. 2 in rent-a-cars. So why go with us? We try harder.
• The taste you hate, twice a day. Listerine.
• With a name like Smuckers, it has to be good.

Every one of those changed the message along the way. But we, as consumers, we never changed our minds.

Many marketing people don’t have the courage to deal with negative perceptions. Most franchisees get bored so easily they're worse than an ADHD Chimp locked in a cage with a case of Rockstar! They constantly change and they constantly create marketing positions that are ignored.

That’s understandable. But what’s not understandable are the number of marketing people willing to walk away from positive perceptions.

Take Pepsi-Cola, for example. Now, I have to admit, I love this case study. It is one of my favorites. What comes to mind when you think of Pepsi? Back in 1963, the brand launched an advertising program that has to be the ultimate cola campaign.

The Pepsi Generation.

This idea took advantage of a key psychological principle. The younger generation looks for ways to rebel against the older generation. Since the older generation was drinking Coca-Cola, it was easy to convince the younger generation that they should be drinking Pepsi.

How long did the Pepsi Generation slogan last? Just four years. For the next 16 years, Pepsi experimented with a number of different slogans.

1967: Taste that beats the others cold. Pepsi pours it on.
1969: You’ve got a lot to live. Pepsi’s got a lot to give.
1973: Join the Pepsi people feelin free.
1976: Have a Pepsi day.
1979: Catch that Pepsi spirit.
1981: Pepsi’s got your taste for life.
1983: Pepsi now!

Sixteen years wasted until, in 1984, Pepsi went right back to what made the brand a strong No. 2 to Coca-Cola.

Pepsi. The choice of a new generation.

Nothing is as vulnerable as a powerful advertising slogan. Year after year, creative hot shots take a crack at it, figuring that if they can topple the king, their reputations are made for life.

Finally by 1992, they did it. At the Super Bowl that year, Pepsi-Cola introduced a new advertising slogan with three 60-second commercials.

The new slogan: Gotta have it.

The TV commercials were loaded with celebrities including such old-timers as Yogi Berra, Regis Philbin and George Plimpton. At first, I was upset that all these old folks started drinking it, says one hip-looking teenager in one of the spots, and then I said, Hey, they’re people, too.

One of the biggest mistakes a marketer can make is appealing to everybody. If you appeal to everybody, you appeal to nobody.

In one of the commercials, a little girl notes, If the taste of Pepsi is so big, then everybody’s gotta have it.

Appealing to everybody didn’t work for Pepsi-Cola. ‘Gotta have it’ lasted about as long as a peanut M&M in my mouth. By the next year, it was back to the younger generation. Be young, have fun, drink Pepsi. As the years rolled on, Pepsi kept on -- changing its slogan.

1995: Nothing else is a Pepsi.
1997: Generation Next. (Close, but no cigar.)
1999: The joy of cola.
2002: The joy of Pepsi.
2004: Pepsi. It’s the cola.
2007: More Happy
2008: Something for Everyone

Tell the truth. Do you remember any of these Pepsi-Cola advertising slogans? Isn’t the only idea connected with the brand its appeal to the younger generation? Isn’t the Pepsi Generation the one slogan that most people remember? I think so.

In his book, Adcult USA, James Twitchell tells a story about Rosser Reeves. An executive of Minute Maid once complained about Reeves refusal to fiddle with the advertising, saying ‘You have 47 people working on my brand, and you haven’t changed the campaign in 12 years. What are they doing?’

Reeves replied: ‘They’re keeping your people from changing your ad.’

To all you erstwhile wizened sages of the franchise wars, be smart, do yourself a favor; find what works, use what works, get to that point and then allow creativity to shine through that singular filter.

John is a 26-year professional in the franchise industry. He has been a franchisee, a franchise executive and an advocate/consultant to the public and to dozens of franchise companies. He is the founder and managing partner of Wilson Associates and can be reached at docfranchise@gmail.com. or direct office 480.838.1641

Everyone has heard of it by now. Very few know how to use it and I suggest that many franchises are still missing out on a major marketing process by continuing in the dark ages by ignoring it. I am talking about Search Engine Optimization.

Search Engine Optimization or SEO is a powerful Internet tool aimed to increase brand, product and service visibility and your business presence on the web. Since the Internet is now the primary source of information and goods for multi-market and Top 100 regional market companies and service providers, it only makes sense to be as visible as possible in order to attract and meet the needs of your prospects, clients and customers.

There are many ways to approach SEO efforts, and it can be difficult for businesses just starting out. Luckily, there are many resources available to assist in SEO efforts, especially for small businesses. Here are my quick tips for effective SEO marketing and your franchise.

1. Set a Goal

Search engine optimization efforts (SEO) will not go far without a specific goal in mind for your overall branding efforts. What words do you want to own on the web? How do you wish to be positioned on the web? If you have a strong competitor or competitors and they already have established a high presence using certain terms and owning a particular place in the minds of customers you need to ask yourself, "what can I own? What position still exists that would service our company and our branding?"

Before you dive head-first into your market position efforts, develop a strategy for what you want to accomplish. Perhaps it already exists in your current marketing plan. Is that plan transitional to the Internet? Secondly, create objectives that relate to your planning. Whether it’s to increase the number of views to your website or landing pages each week, increase your franchisees page rank, expand your customer base or have a newsworthy story picked up by a certain number of information outlets, having a goal for market positioning and goals for constant web presence and position improvement within your field will assist you in improving your brand, and also provide something to compare and measure your results against as it relates to your current efforts.

2. Add a Blog

I want to keep this simple today but so here is the simplified version of understanding web presence. Research has consistently shown that a static Web site (create once - walk away) will have little lasting effect on improving your marketing efforts. A blog is a way to change that. Even having a blog (ongoing messages about you, your business, your business partners, the market you are in and the market trends) as your main SEO priority can help drive traffic to your Websites.

And oddly enough a blog also adds credibility to your company, shows customers that you’re Web savvy, and can help your company stay on top of current trends. Like every other part of your marketing game make sure the blog has an over all purpose and is providing content that will attract readers from the beginning. Again, site credibility is a key for a webblog. One word of caution, Blogging is a commitment. Make sure you realize you are in it for the long haul. Have it determined that you can add contact to your blog at least once and more would be better times a week.

3. Produce Valuable Content

There is an increasing trend for companies to form with the intention of making money simply through advertising and second-rate content. While these companies do provide keyword-rich content, they do it for all of the wrong reasons. Search engines respond to the number of times a term is repeated on a site, as well as the number of other sites that are linking back to it. Inbound links from these sites are what really drives up your page rankings. This is what many SEO link builders focus on the most. Don't get stuck just yammering on about particular key words or links. Providing interesting and valuable content that will stand out from the fake sites is surprisingly easy to do.

Google offers this insight for webmasters:

“The best way to get other sites to create relevant links to yours is to create unique, relevant content that can quickly gain popularity in the Internet community. The more useful content you have, the greater the chances someone else will find that content valuable to their readers and link to it. Before making any single decision, you should ask yourself the question: Is this going to be beneficial for my page’s visitors? “

4. Use Free Resources

The Internet provides a number of resources and tools for analytics and web marketing, and many of them are free. Again, for brevity sake, I simply refer you to Google, do a search for SEO analytics. As a matter of fact our favorite web search tool has it's own free tools. Installing tools such as Google’s Analytics can help you track traffic, and also give reports of where visitors are coming from, how often they visit, and the keyword searches (What did they search for that brought them to you?) that bring them there. Additionally, Twitter has long been a tool for Web marketing and SEO efforts, because of the number of people one can reach at just the click of a button. The Twitter community has amazing and free tools to capture who is viewing you, from where and from your efforts get a sense of why. Can you imagine how that helps you to understand how the market, potential clients and competitors might see you and your brand?

NOTE: You can get a sense of your current status by typing “link:yourwebaddresshere” into Google; the results will show what sites are currently linking to your site, and you may discover some sites and users you were previously unaware of. Analyzing the results can help to target certain audiences and build a base for developing future tactics and content.

5. Establish Relationships

For my money Twitter, Facebook, and LinkedIn are the top 3 social networks every business needs to hook into. You can create relationships with similar companies in your field, market partners, influential writers, PR professionals and journalists as well as people who are interested in your company. Establishing these relationships, will gain you a community that are willing to distribute links to your site and often link back to your site from their web addresses.

Within those web tools mentioned above there is a second way to improve your product, service and company message. Participate in discussions, and join forums within those web sites and their tools. Linking to others’ content can highlight your company, your brand, your service and your content.

The extended value of this last methodology provides you a professional platform and process within a more ubiquitous arena of interest. Your inks will be displayed from credible, influential Web sites that will add valuable traffic to your site.

Learn more about SEO on your own. Don't just leave it to the so-called professionals. Most of them are less than 24 and know nothing about your business, what you are attempting to accomplish through your web presence or know how to ensure you attract the right viewers to your websites. What they do know is the general information I just shared with you here. It's up to you to add the particulars.

John is a 26-year professional in the franchise industry. He has been a franchisee, a franchise executive and an advocate/consultant to the public and to dozens of franchise companies. He is the founder and managing partner of Wilson Associates and can be reached at docfranchise@gmail.com. or direct office 480.838.1641

Life has a way of manipulating the circumstances and the conditions. Often executives and those vulnerable to economic downturns (finance, technology, real estate, mortgage industry, and manufacturing come to mind) turn to consideration of business ownership.

I'm often asked when I speak to groups, "Are there some hard and fast rules of doing a proper examination or investigation of the various kinds or brands? Can you better understand the business if you do certain things?" The answer is mostly yes. The more you actually know the more confident you are once you make a decision.

But there are dangers as well. Often we study so much the line becomes blurred between what is factual and actual and what is someone's overly blustered and inaccurately stated opinion or random thoughts.

Here are some things I recommend to you that you DO:

1. Investigate franchise opportunities by getting first-hand information. By visiting a franchise trade show or contacting a franchise consultant or broker you will get direct information; point A to Point B. Don't start by studying the fringes.

2. Talk to the present owners of the franchise. Ask them how pleased they are with their decision, are they progressing as anticipated, what were the surprises and would they do it again. Inquire if the franchiser is responsive to their needs and whether the training was adequate. It is important to determine the integrity of the franchiser in following through on promises to provide strong initial training and to supply immediate technical assistance when problems arise. Find out what the top values they are receiving as a franchisee.

3. Consult professional and seasoned franchise advisers as opposed to just anyone who is willing to provide an opinion. I would include a small business CPA amongst your advisors. If you do not have one ask the franchisees themselves. On the legal side you will find most franchisee's have not used a lawyer simply because franchising is so highly controlled and regulated. If you feel you want a lawyer make sure it is truly a franchise attorney. Franchise law and business law are Venus and Mars. Don't pay your attorney to learn franchise law by having him come in and make you look like an idiot to the franchise companies because they want you to demand changes that cannot be made.

4. Read the Franchise Disclosure Document (FDD) with understanding. This is where having a franchise consultant can be a great help. A seasoned professional will be able to let you know what is standard, boilerplate franchise language and what you need to be sensitive to. Most often you need to be sensitive to Items 3,4, 5, 6, 7 and 19 and recognize the rest relates to general business standards.

There are exceptions however. The good news is that an FDD is written in fifth grade English and is free of all legal jargon. You will be able to read it and understand it. That "easy-to-read" too is a mandate by the Federal Trade Commission (FTC) and must be adhered to by the Franchise companies when they develop their documents. And, just so you know, the Federal Trade Commission requires all franchisers to supply prospective franchisees with a FDD at least 10 days before they are presented with agreement documents.

I will create an entire blog to the topic of reading and FDD soon.

5. Use a franchise consulting service. Franchise consulting services earn their keep by doing two things that make the life of a potential candidate easier. First, they evaluate franchise companies. It is critical for the consulting firms to understand the level of success and the profile of the best franchisees within a particular franchise companies system. How else can they provide that company with the right potential candidates? You can see how this serves your interests as an investigant.

Secondly, they also assess the candidates to determine their strengths, skills, education, prowess, passions and interests. The combination of those assessments creates powerful synergy for success. With our technology today there is no need to study thousands of franchises to reduce it down to a few. Allow the experts to do what they do best and assist you in your efforts to find just the right company.

6. Compare other franchise systems in the same field. Look for franchises that are solidly managed, well financed, and are positioned in a growth industry. Investigate any regional franchises that are doing well but have not yet gone national in their distribution. Remember, the biggest is not always the best. The biggest franchises may also reduce your chances of success and growth because the territory and sites available are limited. Look for businesses that have a record of success that have recently begun to franchise. Remember, the franchise could be new but the parent business could be 3, 5, 10 years old or more and be rock solid.

7. Evaluate yourself and see if franchising is really for you. Franchisee, regardless of what you think you read in an FDD or franchise agreement is simply another name for independent businessperson. Nobody from "Headquarters" shows up to open your doors of business each day. If it is going to get done YOU and YOUR staff who are the ones to get it done.

Most people aren't ready for business ownership mentally or emotionally...at any level. They can't imagine paying a fee to someone so they can "maybe" make a living. Can you see how if you start with that thinking you aren't even in the same game as a business owner?

No, if that is you, come back once you realize what business ownership can provide to you.

If you are not ready for franchising I guarantee you will suck at being a fully independent business owner where everything is your responsibility (Operations, Training, Hiring, Marketing, Sales, Administration, Finance, Accounting, Technology, Visionary Assessment, and MUCH more). Franchises provide you the guidelines for all of that and much more without requiring you make key decisions in areas you are not expert at.

8. Count the cost associated with entering into the business.I was never concerned with anything about the finances but three things: Do I have the liquid capital to invest in this business that I deem as reasonable and prudent for my life situation? Will it provide me with the kind of living I would anticipate based on the investment level and my personal needs? Will I have a salable asset when the time comes for me to exit the business and will I be pleased with that potential selling price? Most of the thinking processes need to be on the first item. Only put out in liquid capital what you want to afford and only sign off on a business where the full investment is in your comfort zone as well. Most businesses have a financeable component plus the cash needed. Make sure you understand them both.

9. Check the history and experience of the franchise's officers and managers. The FDD in Item 2 contains a disclosure of all officers, their experience, business history, criminal or material civil litigation currently pending or completed against the franchiser involving any alleged allegation of fraud, misrepresentation or any violation of the franchise laws. This explanation goes back 10 years and includes any business dealings they have had that relate to the current business. If you find one with little or no litigation, mediation or arbitration it tells you the officers of the organization view business practices on a personal level and are not prone to throw lawyers at you when disagreements occur...and they will occur.

10. Research, research, research. Buying a franchise is a significant life decision. It is up there with Marriage, Buying a House and Having Children. The difference is you didn't take nearly as much time or concerted effort as you will on this one. More good news is that all the information will be delivered to you. The more professionally you go about your investigation the better your decision is likely to be and the less risk you will be exposed to. Ultimately it is your decision to choose or not choose a business. At the end of the day make sure you have as much personal confidence your choice will provide your expected potential outcomes.

Here are the things I recommend that you DON'T:

1. Shotgun approach to your investigation. Keep things in order. Understand the business components of the business, within their categories, thoroughly. Review the market the business is in. Review the FDD and your relationship with the franchise company. Go through a high level discussion on training, operations, marketing and sales. Spend time with franchisees to get an insiders look at the business. Take what you've learned and assemble it into a plan and perhaps a business proforma.

2. Overextend your finances. Establish a budget prior to your investigation. The budget should be based on your comfort level of investment as well as your comfort level relating to how much credit you are willing to extend. You may be able to afford 2 or 3 or 5 times more than the actual costs associated with a business but the key is what you are willing to extend yourself to do. By the way, just so you know, the more established a franchise, the less risk it "might" carry but the higher the investment needed. The McDonald's, Kentucky Fried Chicken and Pizza Huts now require steep investments. Even some well established home-based franchises may have royalty fees that are steeper because they've earned the privilege of higher earnings for the corporation. Always plan for more expenses than you think you'll have and typically in a start up franchise that might be $10-50,000 more than stated. This is where talking to the franchisees helps.

3. Skip consulting the professionals. Skimping on a good small business CPA and their fees or a seasoned franchise consultant will deprive you of critical information. By the way, most franchise consultants cost you nothing. They are paid by the franchises. You pay not one penny more than you would had you gone directly to the franchise.

4. Take just anyone's word. It's your risk and opportunity. Learn of current marketing trends within industries that indicate potential opportunities or weaknesses such as price wars or huge fluctuations in raw material costs. Also, try to know how economic factors and changes in the society (e.g. aging population) could potentially stimulate or affect any specific industry. I do not care if Uncle Sal once owned "one of these." No he didn't and you are not Uncle Sal. Keep it objective!

5. Settle. Get the business that will provide you with the level of satisfaction you desire. The business you want may be a compromise from your passion but ultimately will satisfy your needs both professionally, personally and financially.

If you are looking for a business and franchising is a good place to start, I hope you find this general information of interest. My firm works with a number of franchises and profiles and reviews candidates on a daily basis that we present to them. Give me a call and let me know if Wilson Associates can be of service to you individually.

John is a 26-year professional in the franchise industry. He has been a franchisee, a franchise executive and an advocate/consultant to the public and to dozens of franchise companies. He is the founder and managing partner of Wilson Associates and can be reached at docfranchise@gmail.com. or direct office 480.838.1641