Thursday, November 12, 2009

Don Boroian, The Gobal Franchise Tycoon Visits Franchise India 2009D

Don Boroian, The Gobal Franchise Tycoon Visits Franchise India 2009

Don Boroian, the global franchise tycoon and the Chairman of Chicago based Francorp Inc confirms his presence at Franchise India 2009, the 7th edition of Asia's Biggest Franchise & Retail Opportunity Show to be held on 26th & 27th November 2009 at Ashoka Hotel, New Delhi.

New Delhi, Delhi, November 11, 2009 /India PRwire/ -- Don Boroian, the global franchise tycoon and the Chairman of Chicago based Francorp Inc confirms his presence at Franchise India 2009, the 7th edition of Asia's Biggest Franchise & Retail Opportunity Show to be held on 26th & 27th November 2009 at Ashoka Hotel, New Delhi. Organized by the Asia's largest integrated franchise and retail Solution Company, Franchise India, the show displays Indian and global brands and is an "Opportunity Show" for liasioning with brands and a pool of out-of-box business ideas and practices.

Don Boroian is the most widely read author, speaker and highly sought after consultant in the field of franchise strategy and business expansion. Being the biggest name in the franchise industry, his views are valued across business geographies. In 1976, Boroian founded Francorp Inc, the world's largest and oldest franchise consulting company. Providing strategic planning, legal, operations and marketing consultancy, Francorp was the first and only firm to offer its clients comprehensive franchise consulting and development services under one roof.

With over three decades of experience in the consulting space, Don Boroian has been instrumental in developing the franchise strategy for more than 10,000 companies across industry verticals and has created full franchise development programs for more than 2000 organizations worldwide. Francorp's belief in the robustness of the Indian market is backed by statistics, which highlight the fact that the Indian Franchise market is estimated to be around USD 7 billion and is growing at a steady rate 30-35 per cent annually offering a fertile market for international franchisors to expand into.

Francorp Inc. partnered with Franchise India early this year to offer end to end franchise solutions under the banner of Francorp India. Presently based in New Delhi, Francorp India is planning to set up offices in various cities in the near future. The corporation between Francorp Inc and Franchise India would help Indian franchise brands to expand their franchise network into the international markets as well.

Franchisors across the globe stand to gain immensely from this joint venture as it offers investors a deep knowledge pool to tap into. On 27th November 2009, Don Boroian would address a special "Power Breakfast" which will be attended by select group of national and international business leaders. The Breakfast meeting will be immensely useful to provide unique insights on the franchise business globally. This will be followed by a 'Conference' where Don Boroian would elucidate his views along with other eminent CEOs addressing the challenges in the franchise industry.'

Explaining the significance of these developments, Mr. Gaurav Marya, President Francorp said, "Don Boroian's visit to India is considered highly significant in the context of India's growing importance in today's globalized economy. The franchise industry has witnessed high growth rates in the Indian sub-continent since its beginning in the early 90s and there is still enormous scope for growth. India has the highest retail density in the world and franchise brands experience an 85% success rate, while start up ventures experience a 90% failure rate. This stark difference in success rates highlights the importance of franchise consulting in today's scenario. In India, Francorp is the undisputed market leader in franchise consulting domain due to its unmatched expertise and unique business approach. Our proven business strategies have helped small format businesses to chart a new trajectory of growth. By educating the industry about the inherent potential of the franchise model of business expansion our mission is to propel Industry to the next level of growth and make India a force to reckon with in the global economy."

Notes to Editor

About Francorp

For over 30 years, Francorp has been the leader in the franchise consulting industry. Globally Francorp has assisted more than 10,000 companies for expansion, and has developed more than 2,000 franchise programmes throughout the US, Japan, South Africa, Middle East, Central America, Malaysia, Philippines, Argentina, Chile and Mexico. Its notable clients include companies like Bridgestone, XEROX, Shell Oil, Hallmark Cards, Encyclopedia Britanica, Mad Science Group, Pollo Camperio, Ace Hardware, BP, Fruehauf, and Gant, to name a few.

About Franchise India

Franchise India Holding Ltd. is Asia's largest integrated franchise solution company since 1999, with an absolute authority on Franchising, Licensing, Retailing, Real estate and Marketing. The firm has already consulted numerous brands in past few years like Videocon, HP, Reebok, Store 99, Pidilite, Hauck, Xenos, HCL, MGF, Kwality Walls, Tata, Gitanjali, HSBC, Levis, JK Tyres, Lakme, D'damas, Euro Kidz, The Apollo Clinic, Chhabra 555, Kidzee, Motilal Oswal, Rosebys, Next, Welhome and many more through its media initiatives, advisory services and exhibitions. With its strategically formed divisions, FIHL has created its own niche as the pioneers of franchise industry and a small business authority.

Link to article

Monday, September 21, 2009

Don Boroian - Francorp at the Seattle Coffee Fest

Francorp to Present at the Seattle Coffee Fest on Expansion Options

Francorp, the world leader in franchise development and new franchise system launches will be at the Seattle Coffee Fest this coming weekend. The Show is the largest of its kind catering to business owners in the coffee industry.

Francorp has been asked to present and run workshops in order to help educate and provide a resource to the show's attendees on franchising a business.

Francorp works closely with most major tradeshows and business sectors around the globe. Don Boroian founded Francorp in 1976 as the only full service, in-house franchise development firm, to this day Francorp is unique in that they continue to be the only franchise consulting firm that has a full time staff and "all under one roof" approach.

Mr. Tom DuFore, Executive Vice President for Francorp Consulting, will be in attendance for the show this weekend. Below are details:

Washington State Convention & Trade Center
800 Convention Place
Seattle, WA 98101-2350

Phone: 206-694-5000
Fax: 206-694-5399
Email: info@wsctc.com
Website: www.wsctc.com

Exhibition Hours:
Friday & Saturday: 12:00pm - 5:00pm, Sunday: 12:00pm - 4:00pm

Educational Training: Exhibition Hours:
Friday & Saturday: 12:00pm - 5:00pm, Sunday: 12:00pm - 4:00pm

Educational Training:
Friday & Saturday: 8:00am - 5:00pm, Sunday: 8:00pm - 4:00pm
Friday & Saturday: 8:00am - 5:00pm, Sunday: 8:00pm - 4:00pm

For more information on franchising or how to franchise, visit the Francorp corporate site, www.francorp.com

Monday, July 6, 2009

Don Boroian: Francorp

Francorp has worked with 112 of the most recent Franchise 500 companies. This is important from the perspective that Francorp as a consulting firm has done work with these franchise systems, many of which Francorp developed from the ground up. Francorp is renowned as the world leader in franchise development and new franchise launches. The firm continues to develop successful franchise systems today after 34 years of franchise consulting work. Look over the Francorp corporate site for more information on the firm and the clients Francorp has developed.

www.Francorp.com

Tuesday, June 23, 2009

Should I Franchise?

Should I Franchise?
Whether you have a totally new concept or an established business in need of faster growth that is lacking the capital, time and people to expand the question is, “Should I franchise?”
Today more Businesses and greater variety of businesses are implementing franchising to distribute their products and services. Virtually any business can be expanded through franchising. Franchising a business is often the only viable source of capital available for expansion especially in today’s tight credit markets. In most instances, the cost of franchising is often a smaller investment that the cost of establishing just one new location.

After paying the initial cost of developing your franchise program, the remaining cost of expansion along with most of the business risk is assumed by the franchisees. Because the franchisee pays an upfront franchisee fee the franchisor is often able to recoup the total cost of franchise program development rather quickly while establishing a monthly revenue stream from royalties paid by the franchisees.

Franchising can provide the capital for rapid growth when your business doesn’t have the capital, the people, or even the time to establish a company owned growth program. Franchising solves the problems of slow growth, the problems of finding outside capital and the problems of finding the right employees associated with company owned units. Franchising a business is the solution for the problems of money, time and people.

Money

Franchising transfers almost the entire cost of expansion to the franchisees. Franchisees build the building or pay the rent, buy the inventory, pay the employees, do the marketing and provide the working capital until sales make the business profitable. In reality, the growth of a franchise system is limited only by the number of people willing to buy the franchise and the number of locations that can be sold.

Time

If you’re anxious to move quickly before the competition catches on with a hot new concept franchising provides solution. Franchising is the one growth system that allows businesses to expand exponentially. A franchise can grow rapidly simply by selling individual units. Some franchises can grow even faster by selling multiple units or territories to sub franchises. Either way, it is almost always faster to open franchises than company-owned units.

People
Franchisees make excellent employees and managers. They have a vested interested in making the business successful. They own it. A franchisor not only gets a dedicated manager they are relieved from the daily problems associated with hiring, firing and managing employees.

In summary, if you are looking to expand your business and lack capital, time or people, franchising is a viable solution to all three problems. If this scenario applies to you and your business the answer to the question, “Should I franchise?” is definitely yes.

Monday, June 8, 2009

Don Boroian - Francorp Mexico

Francorp Mexico talks to the Central American franchise community about Francorp's work with Ed Rensi.

Francorp Mexico is headed by Ramon Vinay and has been operating out of Mexico City for almost 20 years.

http://www.youtube.com/watch?v=tHn7PG6ZlLY

www.francorp.com

Friday, May 22, 2009

Don Boroian - Franchise Training Systems

Franchising is about replication of systems. The best franchise systems in the world have the most efficient service delivery systems in place. They deliver a product to a customer and collect payment systematically and efficiently. The essence of a solid franchise organization lies in the consistency of their ability to provide this model of operation to their franchisees and to teach them the complexities of offering a service or product in a professional and quality manner. Therefore it is no surprise that great franchise companies have wonderful training systems! Francorp works with clients to try to ensure that their franchisees will receive the benefit of world class training programs. A good reference would be the coach/player relationship. A franchisor needs to be able to assume the position of coach once they begin working with franchisees. Typically a solid business is founded and operated by a star "player", the successful transition to franchising now requires that the player becomes the coach. The ability to delegate and nurture others so that they can be successful lies at the root of this transformation from business owner to franchisor.

Francorp has worked with thousands of business owners who have successfully made this transition from a one location operation into a hundred unit franchise chain. How do we begin? It starts with getting your hands dirty. The franchisee in training needs to know and completely understand every element of running the business. They should know the bathroom, supply closet, cash register, cooking operations and every bit of detail we can cram into their heads. Training programs are like boot camp, they don't pass a section until they master the finite details of each stage. When a franchise system is first built, Francorp doesn't expect clients to have or build a Hamburger University during the first stages of growth. This comes with time and revenue from the franchise growth. Even Ray Kroc didn't have a substantial operation until 30 some years into McDondald's growth. Up to that point, he ran training classes out his basement in Elk Grove Illinois. It can be done, the franchisor has to be ready to put in the time and energy needed to completely transform a "regular person" into an efficient "operator".

Training is typically held at the franchisor's corporate location for 2 to 4 weeks at a time. After these sessions are completed and the franchisee has "Graduated" then the training goes to "onsite". This stage is where the franchisor goes to the location of the franchisee and helps them get their feet wet in the field. If a location is required they might help them find the spot for the business and get the initial build out taken care of. If the franchise is a sales system, which more and more Francorp clients have, then the franchise training will largely be to make the initial sales calls with the franchise operator. The goal of the franchisor is to make successful, independent operators who make money and don't need assistance outside of a regularly scheduled support regimen.

Franchising can be a wonderful way to grow a business, but it is imperative that the proper training programs and systems are in place. Francorp has been developing these training programs for new franchise systems for over 34 years now and continues to refine and work with the newest technology available. For more information on franchise development please visit the corporate site at www.francorp.com

Thursday, April 23, 2009

Don Boroian - Francorp to Exhibit at the Atlanta Franchise Exposition

Francorp, the worlds oldest and most experienced franchise consulting and development firm will be exhibiting at the Atlanta Franchise and Financing Exposition on May 2nd and 3rd at the Cobb Galleria Center in Atlanta, GA.

Show Dates & Hours
Saturday, May 2, 2009
11:00 am to 5:00 pm
Sunday, May 3, 2009
11:00 am to 5:00 pm

Location: Cobb Galleria Centre
Two Galleria Pkwy Atlanta, GA 30339
(770) 953-4099
www.cobbgalleria.com
Hall D
Booth # 215

Francorp has been developing successful franchise organizations for over 33 years and has a client list of over 2,000 franchise systems. Francorp is heavily involved with franchise exhibitions around the world including India, the Middle East and Latin America. Atlanta is a wonderful franchise market place and the Atlanta Franchise and Finance Exposition should be a great show.

Francorp has five clients exhibiting at the Atlanta show also including European Wax Centers, Monster Mini Golf, Patrice and Associates, Omega Learning Centers and Froots Fresh Smoothies. All of these companies are exciting brands that have continued to grow and work with new franchisees over the past year. European Wax Centers now has almost 100 locations in just under two years of franchising, Froots continues to set the trend for the smoothie industry with almost 100 locations as well and Monster Mini Golf has almost 30 locations in only a couple of years in the franchise business.

Froots
www.froots.com
Omega Learning Center
www.omegalearningcenter.com
Patrice And Associates
www.patriceandassociates.com
Monster Mini Golf
www.monsterminigolf.com
European Wax Centers
www.waxcenter.com

Here is a great excerpt from the Atlanta show's site that explains the value and opportunity that the show brings to its attendees.
http://www.localfranchiseshow.com/atlanta/indexatt.cfm

The Franchise and Financing Expo is the perfect event for exploring and investing in opportunities that put you in business for yourself – but not by yourself. Because when you purchase a franchise, you're purchasing a proven business concept designed to help ensure your financial success. The Atlanta Franchise & Financing Expo will give you the opportunity to meet face-to-face with representatives from many of the top franchise concepts, at every investment level – looking to expand throughout Atlanta. All in one place, and at one time, you'll be able to learn about franchises in virtually every industry. Sample products. Attend educational conference tracks. And get all the information you need to find the franchise that matches you skills, interests and budget. Lenders will be on hand to answer questions about financing your venture, or you can start the financial qualification process now when you pre-register for the event. For More Information request to be contacted by the Lender(s) of your choice after Pre-Registering. If you want more information or have questions before you arrive at the Atlanta Franchise & Financing Expo please contact Rick Brunsman.

Attend These Informative Conference Tracks The A to Z's of Buying a Franchise How to Franchise Your Business Financing Your Franchise Opportunities in Franchising for Minorities & Women

For more information on Francorp please visit the corporate site, www.francorp.com