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Archive for April, 2011

Franchisee Field Manual

April 28, 2011 by

The Franchisee Field Manual

Imagine if you could compile a list of the best ways to evaluate and select the appropriate franchise for yourself?  Joe Barbat, the Founder and CEO of Wireless Toyz has created a downloadable e-book for that exact purpose.

Below you will find a link to the first Franchisee Field Manual that has been created for the specific purpose of assisting future franchise owners with the resources and information to assist in the franchise selection process.

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Contacting The Franchisor

April 18, 2011 by

Franchises are like exclusive clubs. They don’t take just anybody – and that is for both their benefit and yours.

Franchisors have a qualification process that will involve interviews and reviews of financial information. You are creating a business relationship – often for 10 years – and this is not to be taken lightly.

Typically, there are seven steps to franchise ownership of a franchise:

1. Find a franchise concept that fits.

2. Submit the application/request for consideration.

3. The franchisor delivers the Franchise Disclosure Document to you and you confirm that you have received it.

4. Training and support overview with franchisor’s representative.

5. Franchise disclosure review with franchisor’s representative.

6. Franchise due diligence with franchisor, franchisees, and industry sources.

7. Celebration or discovery day, where you meet the corporate staff and may sign a franchise agreement.

Now, each franchise may have different steps in between these larger milestones.  However, these are the stages that you can definitely expect to go through when seriously pursuing a new franchise opportunity.  We encourage you to explore these franchise opportunities, and, to find the right franchise fit.  If you would like assistance in where to start your search, consider taking the Franchise Compatibility Assessment, or, a Franchise Characteristics Assessment.

About Wireless Toyz

Named one of the fastest growing franchises of 2007 by Entrepreneur magazine, Wireless Toyz ranked as number 352 in the same publication’s Entrepreneur Franchise 500 list of that same year and advanced to number 169 in 2008. Built on the principles of convenience and variety, Joe Barbat’s Wireless Toyz stores have prospered because of the company’s unique concept. Wireless Toyz features one-stop shopping, allowing wireless users to compare and contrast cell phone plans by Sprint, T-Mobile, Metro PCS, Cricket as well as other providers. Additionally, each Wireless Toyz store is owned and operated by a competent wireless phone expert, providing customers with a comprehensive resource for information and questions.

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Personal Characteristics Evaluation

Scan this list and check the top five characteristics that have contributed to your success in the past.  These five characteristics can then be used to compare your personal strengths against the successful traits of franchisees for a particular franchise model.

  • Persistent Team player
  • Sales skills
  • Strong drive to achieve
  • High energy level
  • Goal-oriented behavior
  • Confident
  • Calculated risk taker
  • Creative Innovative
  • Management experience
  • Committed
  • Problem solving skills
  • Tolerance for ambiguity
  • Strong integrity
  • Highly reliable
  • Self-starter
  • Ability to consolidate resources
  • Strong management and organizational skills
  • Competitive
  • Strong people skills
  • Tolerance for failure
  • Desire to work hard
  • Organized
  • Ability to multi-task
  • Can motivate others
  • Competent trainer
  • Customer-focused
  • Other: _________________________

About Wireless Toyz

Named one of the fastest growing franchises of 2007 by Entrepreneur magazine, Wireless Toyz ranked as number 352 in the same publication’s Entrepreneur Franchise 500 list of that same year and advanced to number 169 in 2008. Built on the principles of convenience and variety, Joe Barbat’s Wireless Toyz stores have prospered because of the company’s unique concept. Wireless Toyz features one-stop shopping, allowing wireless users to compare and contrast cell phone plans by Sprint, T-Mobile, Metro PCS, Cricket as well as other providers. Additionally, each Wireless Toyz store is owned and operated by a competent wireless phone expert, providing customers with a comprehensive resource for information and questions.

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Below is a complimentary assessment used by many franchises to help franchisees determine their compatibility to a particular franchise model.  We welcome you to use this at your discretion for as many franchise opportunities as you would like

What Do You Want Your Life to Look Like in 1 Year?

Quickly write down the first seven things that come to mind when you think of what your life will be like one year into owning your own business. What will you be doing? What does a typical day look like? Spend no more than three minutes on this exercise. .

1._______________________________________________.

2._______________________________________________.

3._______________________________________________.

4._______________________________________________.

5._______________________________________________.

6._______________________________________________.

7._______________________________________________.

What Do You Want Your Life to Look Like in 10 Years?

Now write down the first seven things that come to mind when you think of what you want your life to look like in 10 years. What is a typical day like being your own boss 10 years from now?

1._______________________________________________.

2._______________________________________________.

3._______________________________________________.

4._______________________________________________.

5._______________________________________________.

6._______________________________________________.

7._______________________________________________.

Look at the Two Lists.  Do You See Any Patterns or Common Themes?

Write them down:

1._______________________________________________.

2._______________________________________________.

3._______________________________________________.

4._______________________________________________.

5._______________________________________________.

6._______________________________________________.

7._______________________________________________.

What Are Your Passions?

Ask yourself, “What could I do 10 hours a day and be so excited about it that I go back the next day and do more just as passionately?” Write those things down here:

1.____________________________________________.

2.____________________________________________.

3.____________________________________________.

4.____________________________________________.

5.____________________________________________.

6.____________________________________________.

7.____________________________________________.

What Are Your Skills?

What would a current or former boss or colleague single you out for doing well? What would a friend say are your best qualities? Write them down here.

1.____________________________________________.

2.____________________________________________.

3.____________________________________________.

4.____________________________________________.

5.____________________________________________.

6.____________________________________________.

7.____________________________________________.

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