By Daniel Cargille

  There are a number of benefits to starting an environmentally friendly business – especially if you’re starting a franchise. Not only will you save money on getting your business launched but you’ll earn the respect of the local community as you strive to improve your carbon footprint. It’s great for positive branding as you prove that you’re a globally and economically responsible company.

Here are steps to help you develop an environmental strategy as you get ready to choose and open a new franchise.

Target Environmental Regulations with your Franchise

Every business in the US is governed by a minimum set of environmental standards and regulations that have to do with trash and cleanliness, drainage, etc. Keeping up with these helps to avoid legal issues but if you want to build your brand and tout yourself as a green business then you need to go beyond the minimum standard.

Create an Environmental Management Plan for your Franchise

When you want to open a business you will more than likely sit down to create a business plan if you haven’t done so already. This typically includes financial and marketing information but it can also include an environmental management plan. This takes into account practical ways to reduce carbon footprint and utilize energy-saving equipment for reduced local impact as well as savings to utilities and reductions in budget. This can be as simple as planning to source food products from local providers.

Build a Green Franchise from the Start

If your franchise requires that you build a new structure to gain the most benefit and local impact with your target audience (or its just a sound decision financially) then you should aim to use green building products wherever possible in the business. This includes better HVAC systems, high-quality insulated windows with Low-e ratings, efficient lighting, solar panels and more.

Buy Green Products

Every business needs supplies, and depending on the franchise and brand you choose to invest in, you may need more than others. Food services franchises for example use far more cleaning supplies than a clothing chain. Make sure you source and buy products that are bio based and non-toxic. Where possible, such as with paper towels, try to purchase products made from post-consumer recycled materials.

Conserve Water

Every business uses water to some degree – but more so for a food-service based franchise. The increased demand on the water supply of our nation is threat to human health as well as the environment. If you implement a water-conservation program you’re working to conserve a precious resource that is in fact limited. Likewise, you cut a general utility cost by a portion through conservancy. You can boost conservation of water by having your local water agency conduct an audit of your systems. Likewise, invest in better technology and water-saving equipment. Lastly, try to minimize discharges of sewer and wastewater.

Make a Green Marketing Strategy for your Franchise

When you launch as a green business or franchise, there is a great deal of potential for building brand visibility – but people won’t know that you’re running a green business unless you tell them. Add those “green” claims to all of your marketing materials and make sure that your customers, vendors and business partners know that you’re working with conservation in mind. People love to do business with environmentally friendly companies.

You should take the time to build relationships with the people and organizations that can help you spread the word about your overall message and goal. Of course you want to turn profits with your business but you should work to share your attempts to help the environment. Not only are industry partnerships a good idea – such as with other business owners – but groups and organizations can help you share your missions as well.

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By maryrose feil

  Their new business is started by many newer franchisees after purchasing their franchise business opportunity only to find almost an infinite number of regulations and a procedure manual filled up with the “exact” and proper way to accomplish things. There will be no deviation and therefore, the franchisee miracles how all this will help him make money, since it appears following all these rules does just cost him money, actual money, and he acquired the franchise to make money not produce organization losses.Thus, the newest franchised store owner asks; “Will following all these rules and remaining in conformity of the franchise agreement by focusing to detail in the private operations manual basically help my franchise to great profits? And if that’s the case, how do I know this?”This is definitely, a good question, and you will find really a few responses. Number 1, you “must” follow the franchisor’s business plan, as agreed in the franchise contract or be terminated for cause and probably lose every thing. That’s the most important position, but I would ike to give you a softer side.The franchisor is continuously increasing their business design from actual procedures of 100s and sometimes 1000s of stores, they know what works and why. Failure to follow the “Best” way which has been documented and established will produce reduced effects in profit.Next, you should recognize that the franchising company wants as they get royalties, which are usually in a primary ration to your product sales money to be made by you. They want you to succeed and generate income. Because the more money you ingest, the more money you’ll produce, the higher for you and for your franchisor. Therefore, please consider all this.

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By Daniel Cargille

  Opening a business or investing in a franchise is a huge decision and when you ultimately decide on the franchise to invest in you’re going to be locked in for the long-term. The idea can look attractive because it’s the job of the franchisor to create an alluring business plan that paints a beautiful picture of growth and profits. The fact is that no investment guarantees success. You need to ask the right questions and look over the material carefully to ensure that an investment is right for you.

Any investment can potentially tank on you, especially when you consider the current state of economic fluctuation in the US. Because of this you need to follow careful procedures to examine whether or not a franchise opportunity is the right choice for you. Use these 3 points to evaluate whether a franchise is the right one for you.

Franchise Evaluation Guidelines 1 – Hidden Costs

Frequently a potential franchise owner will miss the hidden costs associated with opening a business such as this. It’s not that the franchisor purposefully hides these costs it’s just that the costs vary depending on location, size, needs, market, etc. On top of the franchise fees you may have to deal with outfitting a location, additional rental or lease fees, license fees, inventory and supplies, etc. Depending on the franchisor you may also have to pay additional fees to get the marketing rolling for your location.

Startup lag can also create problems for a lot of first time franchise owners that don’t accurately project their capital needs for the first year. Trusting in a brand to carry you isn’t enough. It’s best to have income set aside for the first year. A good franchisor will often provide estimates on what you should bring to the table as a franchise investor.

Franchise Evaluation Guidelines 2 – Handling Marketing

Find out who will handle the marketing for the franchise – you or the franchisor? Will it be split? In some cases a brand can carry itself based on recognition and brand power but you can’t rely on this alone to carry your business. Part of your evaluation is finding out how much you have to invest in getting your brand known, launching in the local marketing and how much the company will invest in improving visibility for your franchise.

Your marketing analysis and evaluation should also include an understand of the local economy and competition, demographics, etc. Not only does this give you insight as to how well a particular franchise might do but you’ll also see how much competition you’ll have both from competing brands and other franchises within your own brand that can water down the customer base.

Franchise Evaluation Guidelines 3 – Finances

When you’re buying into a franchise you’re making an investment that you hope will pay off one you start putting real work into growing it. To ensure that you do make a good investment you want to study the financial information of the franchisor. Look over their financial disclosure documents and get a legal consult to help with this if you’re unsure of how to read the information. Pay special attention to growth and where the money comes from for the franchisor. Growth from royalties means the customer base is growing. Growth from selling franchises may not indicate true market success.

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