How Franchising Works: An illustrated guide
Vložit
- čas přidán 13. 09. 2024
- 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/s...
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
Legend says she still listing the franchise to this day
😂😂
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
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! ;)
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 😊
That Ending was pure cinema
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 The information is nonetheless inacurrate or outdated.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?" czcams.com/video/t3hu2G90jl0/video.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.
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.
Very well put together video. I must say the squeaking of the pen is like ASMR from HELL
Thank you for simplifying it
Excellent video! Well said;Well illustrated! Thank you!
Love how you've illustrated how it all works!
Amazing ending.
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
Thank you for the insightful video
The ending is legendary lol
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
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.
Your talented earned a fan.
Love your video, you clear most of my questions on this topic, thank u!! from colombia, south América.
Very good presentation!
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.
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.
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
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 ?
Great scenes..
excellent !thank you!
Very interesting explanation.
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.
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.
This explains franchising like The Blair Witch Movie explains hiking in the woods.
Franchise City hahahaahahahahahhaaha !!!!!!!
hahahahahahahaha
Blair Witch Movie is scary as hell!
Well done!
10/10 video
I love it when she doesn't use the word, "etc."
A very informative video
thank you for sharing ur vids,
Great video.
Legend says she's still going to this day...
superb explanation
you forgot to mention churches, great video !
thank you
Last part,,,lol.. Good 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.
Goodvideo
number 1
What's your name?
Simran Kohslan.
*Begins to sweat...* "NICE TO MEET YOU, *PAL*"
🔥
thank you for ive learned alot!
ok
Bg music is irritating
hello
Check out Franchise Creator Episode on our Channel.
The music is annoying and makes me unable to concentrate 1:38
my ear hurts with the scratch efx on the video
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.
''....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.
Name five things you learned about franchising from this video please
You surely having a school report too.
God video
Very informative video but the music was annoying
More like .. The pen scratching noise on the paper
ok good
Pretty sure I heard buggers, not burgers.
THANKS
#LANOTHEBILLIONAIRE
More consumers buy overseas
this is not it works in reality
i like video
Fast food franchisor is the modern day slave driver, period.
CLUMSY?
Hi did you need this music to be this loud. Poor video
Good Food
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
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.
These people just cheated on me. It's just a lie
This was horrible. Please do not send you're kids to university. This seems like it was made by a first year college kid.
Who's dat Blackman
As soon as I realized they would be drawing throughout the video I changed it. Very annoying.
learned nothing, terrible
The sharpie sounds are legitimately unbearable. Couldn’t finish video.
The ending was so annoying I disliked
this is bad business.
This "video" is bad business* fixed it for you.
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
great video