Doyourememberourschoolhistorytextbooks
emphasizingtheword'darkage'inthe contextofmiddleage?
Well,thereareplentyofreasonsforhistoriansto denotethisterm,withhundredsoffamines-theblack deathplague,violentuprisings-forgettingafair wage,andgeneraldiscontentamongpeople–religiousconflictsaswellastheadministrativeaffair, theMiddleAgewasn'tlookeduponasafabuloustime tobehuman.
Butisitentirelytrue?Canwe,asHUMANSignore therichandapparentculturaladvancementsandthe contributionofdifferentcivilizationsthatbenefitted theworldwithart,science,philosophy,architecture, andpoliticalsystem?
Thoughthereweresufferings,thereweremany positivesthatweretakingplaceondailybasis.As strangeasitsounds,businessmodelsofFranchising startedtoappearintheMiddleAge. Inthosedays, localgovernmentsgrantedlicensestomaintainorder andassesstaxes.Asinterestingasitsounds,the individualsweregiventherighttoholdmarketsand
inexchange,theyhadtopayaroyaltytothelordswhoheld amonopolyovercommercialventures.
Andthat'showtheprocessofgrantingfranchisesbegan.It hascomealongwayfromroyalsgrantinglicensesto businessownersexpandingtheirventuresworldwide.Ithas offeredpeopleachancetoown,manage,andadminister businesseswithouthavingtotakealltheassociatedrisks. Asthebusinessisalreadyestablishedandthereisasupport systeminplaceforeasierfinancing,whichmaximizesthe successrateandlessensthechancesoffailure.
Withavisiontointegratetheworld,justliketheroleof franchises,weatInsightsSuccesshavecomeupwiththis edition,"The10DisruptiveFranchisesof2022."We haveenlistedfranchisesthatareofferingaveryaffordable startupmodelwithhighreturnsoninvestments.
Whileimmersingthroughthejourneysofthesefranchises, makesuretohaveaquickrundownofthearticleswritten
byourin-houseeditorialteamandapieceofCXO standpoint.
Inordertocommenceyourcuriosity,delveinandflipthe pages!
- Shrutika Khedekar
Ac onCOACH: A Favoured
ClaimTek Systems Simplifying Medical Billing through Ar ficial Intelligence
Crave Hot Dogs & BBQ A Favored Franchise Choice
Internet Removals Assis ng to Remove Online Content with Exper se
PickUp
Editor-in-Chief Pooja Bansal
Anish Miller Senior Editor
Managing Editor
Assisting
Art & Design Head
Co-designer
Bhushan Bhad
Trishika,
Art & Design Assistant Visualiser David King
Rohil Shinganapurkar
Paul
Mrunalinee Deshmukh
Sherin Rodricks Business Development Manager
Marketing Manager Joseph D'souza
Business Development Executives
Kelly, David
Technical Head Jacob Smile
Assistant Technical Head
Technical Consultants Prachi, Rajeshwari, David
Digital Marketing Manager Alina Sege
Assistant Digital Marketing Manager Renuka Kulkarni
SME-SMO Executives Gemson
Research Analyst Eric Smith
Circulation Manager Tanaji Fartade
sales@insightssuccess.com
April, 2022
Featuring Brief CompanyName ActionCOACH actioncoach.com
AlloyPersonalTraining alloyfranchise.com
ClaimTekSystems claimtek.com
BradSugars CEOandFounder
CraveHotDogs& Barbecue iwantcrave.com
Creatif,LLC creatif.com
HandyPro handypro.com
InternetRemovals internetremovals.com
RickMayo CEOandFounder
BrianWeaver VicePresidentof BusinessDevelopment
SamanthaRincione CEO JayaAiyar FounderandCEO
KeithPaul CEO
IanMcKinnon Director
ActionCOACHistheglobalbusinesscoachingfranchisethat offersaspiringentrepreneursandprofessionalspersonalizedoneon-onementorshipfromitsteamofskilled,highlyqualified businesscoaches.
Alloypersonaltrainingprogramsareamongthemosteffective personaltrainingandfitnessassessmentprogramsintheworld forhelpingpeoplewhowanttolookandfeeltheirabsolute best.
ClaimTekhasaproven,traceablerecordsince1993.The companyrunsabillingoperationinOrangeCountyCA, developsitsownsoftware,anddevelopsitsownmarketing toolsbasedonactiveinvolvementinthemarketplace.
Crave,recentlynamedoneofAmerica’sbestrestaurants,isa uniqueBBQandHotDogRestaurant,thatofferssmoked brisket,pulledchickenandpulledpork.
CampCréatifprovidescampersofages5to12years,withthe opportunitytoparticipateinartisticexplorationthrough excitingSTEAMbasedprojects.
HandyProtakesadetailedapproachtoitshomemodification servicestoensureitsclients’uniqueneedsandbudgetsare alwaysmet.
InternetRemovalsisthelongestoperatingcontentremoval agencyintheUSA.InternetRemovalshasservicedover32 countriesandhasofficesintheUSA,Australia,UAE,UK, Philippines,MalaysiaandIndonesia.
PickUpUSA pickupusafitness.com
JordanMeinster CEO
SendMeaTrainer sendmeatrainer franchise.com
TheMaids maids.com
BaryEl-Yacoubi Co-FounderandCEO
MuhssinEl-Yacoubi Co-founderandCFO
DanielReese Owner
PickUpUSAFitnessisthepremierfranchiseopportunityfor basketballenthusiasts.Itsgymoffersprivatebasketball training,groupbasketballtraining,fullweight,andcardio rooms.
SendMeaTrainerisafreeonlineplatformconnectingfitness professionalswithclientsinselectcitiesnationwide.
TheMaids,foundedin1979,isaleadingresidentialcleaning companyintheU.S.andCanada.TheMaidsisaqualityleader amongthemanycleaningcompaniesintheindustry,withmore than180franchisesservingover90majorU.S.andCanadian cities.
CoverStory AlloyPersonal Training Introducing Superlative Personalized Training to Your Fitness Community With our franchise concept, which we launched in late 2019, we took our heritage, systems, experience, and knowledge and packaged it up as a great turnkey franchise business opportunity.
Rick Mayo Founder and CEO
Alloy Personal Training
Peopleallovertheglobehavebecomeincreasingly consciousaboutmaintaininggoodhealthinthelast coupleofyears.Thisconsciousnessistheresultof peopledevelopingvarioushealthissuesbecauseofthe sedentarylifestylethatthey'vebecomeaccustomedtodue totheirworknature.Theriseofthesehealthissues,which werepreviouslynotsoprevalentinthepopulation,have madepeoplefocusmoreonadoptingahealthylifestyleand becomemoreproactive.
Inthelightofleadingahealthierlife,peoplehavestarted goingtofitnesscentersandgyms,designingtheirdietsto supporttheirfitnessgoals,andingeneraldoingeverything thatthereistodotomaintaintheirhealth.
Despitethefactthatindividualsarenowmakingeffortsto achieveahealthierself,moreoftenthannot,theyneeda coach/personaltrainerwhohasallthenecessaryknowledge tohelpthemdoso.Gettingahealthierbodyisnotalinear andeasyjourney;alongwithalotofdedicationand consistencyintheroutine,oneneedsapersonalizedfitness programthatwillsuittheirneedsandlifestyleandalso effectivelyhelpthemachievetheirfitnessgoalsfaster
Onesuchcompanyhelpingpeopleandthefitness communitytogethealthierthroughtheircustomized personaltrainingprogramsisAlloyPersonalTraining Withateamofcertifiedphysiologists,dieticians,therapists, andotheradvisoryboardbehavioralspecialists,theAlloy fitnessfranchiseconcepthasbeenfacilitatingtheindustry anditsclients.
Inthefollowinginterview,RickMayo,theCEO,and FounderofAlloyPersonalTrainingtalksabouthisjourney inthefitnessindustryandhowhiscompanyhasbeenthe epitomeofwhatyoucancallthetruefitnessexpert.
PleasebriefouraudienceaboutAlloyPersonalTraining andhowitiscurrentlypositionedasaleadingnamein thefitnessindustry.
The Alloy franchise is a very affordable business investment compared to other tness franchises. WhenIfoundedAlloyin1992,myintentionwastocreatea businessthatprovidedclientswithhigh-quality personalizedfitnesscoaching.Sincethattime,wehavebuilt ourbrandandsupportedlicenseesworldwideinover2,300 gymsandhealthclubs.Withourfranchiseconcept,which welaunchedinlate2019,wetookourheritage,systems, experience,andknowledgeandpackageditupasagreat turnkeyfranchisebusinessopportunity Webelieveour brandandbusinessmodeliswell-positionedforahostof reasons.
Thetrendsweseewithconsumerstodayseekinghealthand fitnesssolutionsreflectthetremendousstrengthandappeal ofourbusinessmodelandbrand,deliveringthe personalized,qualityfitnesscoachingservicespeoplereally want.Clientswanttoknowtheycantrusttheadviceand supporttheyreceive,andtheywanttoseeresultsfortheir
efforts.Clientswanttobecomfortable;theywanttobe takencareof.TheAlloyPersonalTrainingFranchising modeldeliversonthesethingsverywell.
Tellusmoreaboutyourofferings,throughwhichyou haveascertainedyourstrongholdwithinthepersonal trainingniche.
Overtimewehavelearnedhowtoscalepersonaltraining beyondaone-to-onemodel.TheAlloyconcepthas combinedthebestaspectsofgroupfitnessandthe communityitcreateswithindividualandspecializedfitness trainingforeachofourclients.Thiscombinationenables ourfranchiseestoscaletheirbusinessandreachmore clientswithqualityfitnesscoachingservices.
WhatareAlloyPersonalTraining'sfranchisestrengths, andwhatcanapossiblefranchiseeexpecttoreceive?
TheAlloyfranchiseisaveryaffordablebusiness investmentcomparedtootherfitnessfranchises.Ourmodel
What started as a side hustle evolved over the course of almost 30 years into a really unique franchise opportunity. isveryproven.Inaddition,our30yearsofhands-on experiencewithhelpingthousandsofoperatorsaroundthe worldruntheirfitnessbusinessessuccessfullyhasledtoour highlydevelopedsystemsandprocesses.
Wecoveritall,fromtechnologytomarketingandfromsite selectionandconstructiontotraining.Ourmotto,afterall, is"StrongerTogether,"andwebelieveinthat,sowethink ourfranchiseeswilllovebeingapartoftheAlloycultureas well.
Rick,pleasebriefusaboutyourself,yourjourneyinthe industry,andhowyouhavecontributedtoAlloy's success.
Iwasalwaysafitnessnutandworkedmywaythrough collegeasapersonaltrainertohelppayformyeducation. ThatinspiredmetolaythegroundworkfortheAlloy PersonalTrainingconcept,myfirst-everpersonaltraining center
Whatstartedasasidehustleevolvedoverthecourseof almost30yearsintoareallyuniquefranchiseopportunity
Thefinishedproductisaresultofyearsoflearningfrom majorcompetitorsinthefitnessindustry.Iusedthat knowledgetostreamlineandbuildabullet-proofbusiness model.
WhenIopenedthefirstlocationbackin1992,"I thought, what if I could take this amazing (personal training) service and put four walls around it?"Thankfullyitdidn'ttakelong tobuildaloyalcustomerbase,andthenwestartedgetting attentionfromsomebignamesinthefitnessindustry.
WewerefirstapproachedtotakeourAlloyconceptand essentiallydropitintolargergymsandfitnessstudios.After awhile,westartedhelpingover2,000gymsandstudios worldwide,fromTasmaniatoDubaiandeverywherein betweenthroughlicensingagreements.Therelationship withtheseglobalhealthclubsandgymswaslike 'franchisinglight.'Wedevelopedourbusinessand systemizeditinawaythatcouldbeduplicatedoverand overagain,andtheresultwasareallyuniquebusiness modelthatworked.
Atsomepoint,westartedtoreconsiderhowwewere operating.Insteadofcontinuingtopowerotherbrands,we decidedtofullyreaptherewardsoffranchising,which enabledustoofferaturnkeyfranchisepackage.Werefined oursystemsevenmoreandcreatedaconceptstudio specificallyforfranchisingin2016.Bylate2019webegan offeringfranchiseopportunitiesandnowhaveoverforty locationsindevelopment.Wekeepawardingmore franchisesalmosteverymonthnow
Our motto, after all, is and "Stronger Together," we believe in that, so we think our franchisees will love being a part of the Alloy culture as well.
Alongtheway,Ihavehadthechancetomeetalotofgreat fitnessbusinessleadersandspeakatconferencesaroundthe world.Ialsohavehadthehonorofservingsomegreat organizationsliketheAmericanCouncilonExercise,where Iwasanindustryadvisor
ItwashumblingaswelltoberecognizedbytheAssociation ofFitnessStudiosin2019asTheAFSFitnessBusinessof theYear.Theawardrepresentsastudioorgymbrandthat excelsinallareasofbusinessandwhoseownerhas demonstratedtheabilitytocreateunsurpassedcustomer experiences,dedicatedstaff,motivatedclients,and leadershipintheircommunity
Ithasbeenagreatride,andwearejustgettingstarted.
DuringtheCOVID-19pandemic,whatchallengesdid youface,andhowdidyousustainoperationswhile ensuringthesafetyofyouremployees?
Wefacedashutdown,ofcourse,inourhomelocation,and thisledtosomeclientsbeingreluctanttocomeintothe studioandparticipateinourprogramming.However, thankstoourtechnologysolutionswhichenablepersonal coachingforclientswhentheyarenotinthestudioandthe relativelysmallgroupsofpeoplewhotraintogether physicallywhentheyareatourlocations,thebusinesswas impactednotnearlyasbadasotherlargerhealthclubs, studios,andgyms.
Earningourclients'trustissomethingwereallyfocuson, andafterhavingearnedit,wewentfairlyunscathed.Our servicemodelisallaboutquality,notquantity,andwith howweintegratetechnologyintothemix,wearewell preparedtothriveinthefuture.
Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintothefitnessandpersonal trainingspace?
Todayitisreallyimportanttobepatient,study,andlearn. Wearereallyproudofthecontentwecreateandoffer throughourpodcast,vlogs,andarticlesaswell,across almostallofthevariousInternetplatformsoutthere.So, informationwhichpertainstothefitnessbusinessis availableforanyandallentrepreneursthinkingabout gettingintothefitnessindustry.
Arealadvantageobviouslyforapersoninterestedin gettinginvolvedinfitnessandpersonaltrainingis identifyingaconceptlikeAlloy,whichhasfiguredouta provenniche.Byofferingaturnkeypackage,wecanhelp entrepreneursrealizetheirdreamsandreducetheirrisk. Thatisoneofthegreatadvantagesoffranchisingin general.
We cover it all, from technology to marketing and from site selection and construction to training. Howdoyouenvisionscalingyourcompany'soperations andofferingsin2022andbeyond?
Well,wearewellonourwaytoexpandingourbrand,and selectingfranchisingasakeyaspectofourgrowthstrategy isthekeytoscalingthebusiness.Ourteamincludesa groupofhighlyexperiencedandcapablefolksinallaspects ofoperations.Ofcourse,stickingtothevaluesandmission ofourbusinessandhelpingothersrealizetheirdreams alongthewayissoimportant.Wearejustreallyexcitedby everythingthathashappenedinthepastfewyears.
AFavouredFranchiseChoice Today,technologyhasemergedasoneofthemost
competitiveweapons.Ithasnotonlyadvancedthe competition,butalsotheindustry’sneed. Subsequently,businessrequirementsaredistinct.Hence,a comprehensiveapproachwithgreatleadershipisessential tosucceedintheindustry
Forthis,intensetrainingistheneedofthehourastraining willhelpyoutosetlong-termandshort-termgoals strategies,alsoyouwillgetbetteremployees.Therefore, thereisahighdemandforafranchiseetoprovideexecutive coaching,businesscoaching,mentoring,andtrainingto businessowners.
Thistrainingwillbenefitbothyouandyourorganization withamazingresultssuchthatyourbusinesswillgrow faster,andyouwilleasilymeettheindustry’sneeds.
Fortunately,wehavesuchauniquefranchisee ActionCOACH–abusinesscoach,thatprovideseyeopeningandengagingwebinarstohelpyourbusiness.This franchiseeprovidesexecutivecoaching,mentoring,and trainingtobusinessownersmainlyinsmall-tomid-market businesssectors.
ActionCOACHmakesbusinessownershipsimpleand effective.Thisfranchiseetakesgreatcareinprovidingthe neededtrainingandsupportforavarietyofdifferentlevels ofbusinessacumen.Asaresult,nowitisoperatedinmore than70countriesandhasapproximately1100franchise partnersstrongworldwide.
Inanexclusiveinterviewwith Insights Success,Brad Sugars,CEOandFounder,shedslightonthecompany’s journey,thecurrentindustryscenario,andhisvisionforthe company’sfuture.
Whatmakesyourcompanyapreferredfranchisechoice overyourcompetitors?
ActionCOACHistheorganizationthatstartedthebusiness coachingindustrybackintheearly90s.Nowan internationalsuccess,ActionCOACHisthelargestand mostsuccessfulbusinesscoachingfranchiseintheworld.
Ouruniqueandin-depthsystemandbusinessmodeloffers ourfranchisepartnersaquickROIwithverylimitedstartupcosts.Extensivetrainingandongoingsupportaremade availabletofranchisepartnersintheformofIT,Marketing, Sales,andongoingpersonalandbusinessdevelopment.
ActionCOACHnowoperatesinmorethan70countriesand hasnearly1100franchisepartnersstrongworldwide.
Tellusmoreaboutyourfranchisingopportunities, eligibilitycriteria,andbenefitsthataprobable franchiseemayreceive.
ActionCOACHoffersafranchisemodelgearedforthe entrepreneurthatwantstoownanassetthatwillincreasein valueovertime.Our‘FIRMmodel’allowsanownerto operateaprofessionalbusinesscoachingfirminan exclusiveterritory,wheretheycanaddandbringonan unlimitednumberofemployeebusinesscoachestoimprove theirrevenuestreamandservetheircommunity.
Businessexperienceforourfranchiseownersiskey,but ActionCOACHtakesgreatcareinprovidingtheneeded trainingandsupportforavarietyofdifferentlevelsof businessacumen.In-depthcoachingandsystemtraining prepareourfranchiseownersandacceleratetheirbusiness trajectoryquickly.
Brad Sugars CEO & Founder
Brad Sugars started ActionCOACH out of a spare bedroom in his parent’s house in 1993 in Australia. Quickly realizing that small and medium-size businesses needed accountability and guidance from professional business coaches, he developed a system to improve profits, increase revenues, build powerful teams, and establish a business process in any organization that makes a long-term impact on results.
Consultants only point out a laundry list of issues with a business owner but don’t partner with the owner to implement real, lasting change. Brad’s system ensures that business owners learn new and practical ways to transform their organizations. Sugars built ActionCOACH on the foundation of 14 points of culture that guide every aspect of the business.
Brad continues to stay at the helm of ActionCOACH, guiding its evolution and making it the largest business coaching franchise in the world. Add new programs, new training sessions, and new strategies to grow his franchise partners and their clients’ businesses. A sought-after international speaker and best-selling author, Brad continues to pour his knowledge and expertise into ActionCOACH.
Leading conferences, serving as the keynote speaker and motivator, he is focused on growing ActionCOACH’s impact worldwide. His vision statement for ActionCOACH is “World abundance through business re-education”, and his mission is to have “a coach in every business”.
He firmly believes that small business success is critical to growing economies and wealth worldwide and through business coaching efforts. With one in five small businesses failing in the first year of operations, Sugars feels certain that ActionCOACH franchise business owners are making a difference in lives across the globe every day
COVIDhasforcedusalltobebetterandActionCOACHhas steppedupinallareas.
ActionCOACHandourfounderBradSugarshavecontinuedtobe onthecuttingedgewiththerolloutofnewproductsandservices whichhashelpedActionCOACHtomaintainits#1rankinginthe globalcoachingindustry
Marketingandsalessupport,aswellasongoingIT expertise,isavailable24hoursaday,7daysaweekto ensureourfranchisepartnerssucceed.Thecoachingsystem hasbeendeveloped,proven,andtestedovermorethan25 yearsandcontinuestobeenhancedandimprovedtomeet thebusinessneedsoftoday’sever-changingmarketing place.
HowdidtheCOVID-19pandemicimpactyourdaily operationsandwhatwerethechallengesthatyoufaced?
Theglobalpandemicbroughtourfranchisecommunity togetherinseveralways.Weeklywebinars,dailycheck-ins, andincreasedactivityonoursocialmedia-focusedthe entireorganizationonprovidingbusinessesgloballythe supporttheyneededinthisunprecedentedtime.
Morethan300piecesofcontentwerecreatedincluding videos,infographics,tipsheets-books,checklists,andmore tohelpsmallbusinessesmanageandnavigatetheturbulent times.Ourcoachesquicklyadaptedtothevirtualdelivery ofcoachingandgrewtheirgroupcoachingofferingsto servemorebusinessesintheircommunity
ActionCOACHofferedfranchisepartnersinthehardest-hit areasroyaltyreliefandadditionalcoachingsupporttokeep
theirbusinessesviablethroughtheworstofthelock-down periods.TheActionCOACHcultureisshownthrough franchisepartnersbandingtogetherandsupportingone another,co-hostingvirtualevents,andsharingwebinars filledwithlearningandinspirationaroundtheworld.
ActionCOACHneverstoppedmovingforwardand encouragedourfranchisepartnerstohelptheirclientspivot tomeetthedemandsthepandemichasputontheir business.Overthelasttwoyearscollectively,ourfranchise partnershavenotonlyseenagrowthintheirrevenueand clientbaseinour2021‘NetPromoterSurvey’,butresults alsoshowedthat80%ofmorethan900clientssurveyed said,sincetheystartedworkingwithActionCOACHtheir business’revenuehadincreasedeveninthemidstofthe worldwideCOVIDpandemic.
Whenitcomestoadaptingtotheevolvingcustomer needsandtrends,doyouthinkitisnecessarytoalign one’sbusinesswiththelatesttechnological developments?Ifyes,howdoesyourcompanycaterto thisnecessity?
ActionCOACHemploysafullteamoftechnologyand marketingexpertswhoareatthecuttingedgeofnew trends.Ourcoachingtools,thecoachingportal,andother programslikeActionCOACHMembership(launchingthis quarter)areallexamplesofnewinnovationsandnew opportunitiesforgrowththatActionCOACHisbringingto ourcommunity
ActionCOACHisconstantlyseekingoutexpertisetobring theirknowledgetoourcommunityduringourregionaland globalconferences.Strongandlastingstrategicalliances withvendorsandprovidersgiveourfranchisepartnersa distinctcompetitiveadvantageinthemarketplace.
Asanestablishedfranchiseleader,whatwouldbeyour advicetothebuddingentrepreneursplanningtoown franchisebusiness?
ActionCOACHbelievesthatdoingyourhomeworkis important.Duediligenceiscriticaltounderstandingthe nuancesofanybusinessopportunity Talkingtoexisting ownersisagreatwaytohelpwithdecision-making,but ActionCOACHalsodoesn’tbelieveinover-thinkingit... Gatherinformationandensurethatyouhaveastrong supportteamisinplace.
Makesurethatthosearoundyoubelieveasmuchasyoudo intheendeavouryouareabouttoundertake.DreamBIG, butdon’tletthosewhodon’tbelieveinyouholdyouback. Don’tbeheldbackbythosethatcan’tseeyourvisionand finallydon’twaituntiltheperfecttime,becauseitsimply doesn’texist.
Ifyouwanttotransformyourlifeandcreateabusinessthat willactuallychangethelivesofownersinyourcommunity whileavailsyouthelifestyleyouhavealwaysdreamedof, waitingwillonlydelayyourfuture.
Recognizedbyindustryleadersaroundtheworld, ActionCOACHislistedamongthemostprofitable,most rewarding,andbestfranchisingopportunitiesavailable. Affordable,attainable,andfilledwithunlimitedpotential, anActionCOACHfranchisepartner’ssuccessisalmost guaranteed.
Howdoyouenvisionscalingyourcompany’soperations in2022?
ActionCOACHhasagoaltobeinmorethan120countries by2025.WearelaunchingfranchisesinCentralAfricaand Scandinaviathisyear,andweareencouragingourMaster Licenseestoseekoutnewpocketsofbusinessintheir communitiesandregions.ThedevelopmentofCorporate FirmsgivesourMasterLicenseesawaytobuildterritories andincreasetheirvaluebycreatingaready-madebusiness thattheycanmarket.
OurlargestandmoresuccessfulMLintheUKhasusedthe firmmodelandthecorporatemodeltobecomethe dominantbusinesscoachingproviderintheUnited Kingdom.WeareworkingwithourpartnersinIndia,Japan, Ireland,andSouthAfricatodothesame.
Howto Read your Franchise Disclosure DOCUMENT Decoding Legalese Inthebusinessworld,theorganizationthataimsto
establishitselfasacommercialentityhasamanifold ofdimensionstolookafter Therearemultiple sanctioningauthorities,governmentredtapes,and transnationalguidelinestofollowinordertoauthenticate itselfasacertifiedbusinessinstitution.Beitacompanyin theprimary,secondary,ortertiarysector,thelegalitiesof state,national,andinternationalgovernanceauthoritiesare alwaystheprominentfactorinanorganization's authenticity.
Insuchascenario,itbecomesessentialthatanin-depth understandingofthelegalproceduresanddocumentationis known,anditsexecutionisbackedbythoroughresearch. Onceacompanyisknownaboutthelegalknow-howof clearingtheprotocolsofgovernmentregistrationand authoritycertifications,nothingmaystopthecompanyfrom itsdeservingsuccess.
Speakingaboutthegovernmentinterventionwhile establishingacommercialentity,franchiseshavenotbeen leftbehind;rather,ithasearnedtheglobalspotlight.Being saidthat,itisinterestingtolookattheglobalcorporations thatopenedtheirfranchisefacility.Assoonasacompany opensuptoprovideitsfranchisingauthority,investorswish toutilizetheopportunity,setupthefranchiseunit,and facilitatethemarketwithanaccessibleoptionofafarfetchedlocatedbrand.
Forinstance,ifyouareinEuropeandarecravingaKFC experience,youdon'tneedtoflyallovertoKentucky, UnitedStatesofAmerica.YoumayjustfindtheKFC franchiseunitnearyouandorderyourfavoritecuisinewith ahassle-freeexperience.Thiscomfortablearrangementat theconsumerendhascausedthefranchisesolutiontobeon thetopprioritylistofinvestors.
Understandingthenecessityforentrepreneurs,corporate professionals,andinvestorstoreadthefranchisedisclosure document,thisarticlewillprovetobeyourguidinglight.
Let's dive in!
Ifyouscoutaroundtheglobetoknow"HowtoRead FranchiseDisclosureDocument,"youwilllanduponthe FederalTradeCommissionRule.Thedisclosuredocument suggeststhateveryfranchisorfacilitatesthedocumentto thepotentialfranchisebuyerwithvalidatedinformationthat helpsthefranchisemakeabalanceddecision.The documentincludesgeneralandlegaldisclaimerswithits distinctive23items.Thisitemoffersanswerstomajor questionsthatafranchisormightencounter
Let'sdrivethroughthemajoranswersthatadisclosure documentanswers.
Franchisor'sHistory Asanindividualdecidestobecomethefranchisee,the immediatequestionthatpopsoutis,"whatisthehistoryof thefranchisor?”
Thissegmenthelpsthefranchiseeinseekingthe backgroundcheckofthefranchisorandtheorganization andhelpsthefranchiseeanalyzetheredflags,work experience,inflatedbackgrounds,andcourselitigation. Followingaretheitemsthatcoverthementionedsegment.
• Item1:Adisclaimerthatfocusesonoutliningthe franchisor'shistory,predecessors,affiliated organizations,orparentcompanies,ifany.
• Item3:Thissegmentmentionsallthecurrent,past,or ongoinglitigation.Thisisoneofthemajorconcernsof everyfranchisee.Knowingthefranchisor'sclean conducthelpsthefranchiseemakeabalanceddecision.
• Item4:Thefollowingitemsdisclosethebankruptcies fromtheendofthefranchisororthefounderofthe company/brand/organization.
• Item20:Oneofthesignificantaspectsthatmustbeon thefranchisee'sprioritylistisin-depthresearchabout thecompany Thissegmentinformsaboutallthe existingoutletsandnecessaryinformationaboutthe franchise.
CostofBuyingtheFranchise Movingaheadwithauthenticationofthefranchise,one mightlookatthecostofpurchasingthefranchise.Along withthequestionof"howmuchinvestmentisrequiredto buythefranchise,"themostsignificantquestionis"how muchthefranchisecanmake?”
Answeringthesequestionsarethethreemostessential segmentsofthedisclosuredocumentmentionedbelow:
• Item5:Tostartwiththefranchisingprocess,thisitem specifiesthestartingfeesassociatedwiththefranchisee thatconsistsoffranchisingfee,multi-unitfeealong withnecessarymaterialsrequired.
• Item6:Thisiteminformsabouttheongoingfees, includingtrainingfees,technologyfees,alongwith renewalfees,andmarketingfeestoo!
• Item7:Estimatingthecostofrunningafranchisecan beatrickybusiness.Thisparticularitemfocuseson construction,fixtures,signage,ITsystems,insurance deposit,andmiscellaneousexpenses.
PromisingSupportinRunningaFranchise Asknownworldwide,investorslikeinvestinginthe franchiseduetooneofitsmostpromisingfactors–Franchisor'sSupport.
Thedisclosuredocument'sfouritems'sfacilitate informationaboutthesame.
• Item8:Itdiscussestheoperationalitemandsupply sources.
• Item11:Thementioneditemspecifiestraining, operations,andassistancerequired.
• Item14:Everycompanyhasitsintellectualproperty andcopyrightsreserved.Havingapieceofcomplete informationabouttheIPandcopyrightshelpsthe franchiseeregardingthekeyaspectsandUSPofthe business.
KnowingtheObligations Withthevitalinformationandperksofrunningafranchise, therearecertainobligationsonthepartofthefranchisee too!
Thethreesignificantitemsthatexplaintheobligationalong withtheredtapesinvolvedinthebusiness.Belowarethe mentionedsignificantitemsthatafranchiseeshouldadhere to!
Item8:Thepartincludesthesourcingrestrictionforthe brand'sproductsandrawmaterials.
Item9:Itdiscussesthespecificobligationandrulesonthe partofthefranchisee!
Item15:It'ssaid,"expectation kills the cat,"butitworks oppositeifthesameexpectationofafranchisorisleft unknown.
Item15informsthedetailsofexpectationsthatareset concerningthepresentparticipationintheorganizational businessthatoutlineswhereyouneedtoandneednottobe personallyinvolved.
InConclusion Whensteppingintothebusinessofowningafranchise,itis besttogobytherulesandfollowtheFDDguidelinesthat notonlyguideyoualongyourinvestmentpathbutalso keepyoureconomicbalanceintact.
So,nexttimeyouarelookingforwardtoinvestingina franchisebusiness,makesuretofollowtheinputsprovided andmanageyouroperations-efficientlyandeconomic expectations-skyhigh!
-BhushanBhad
ClaimTek Systems SimplifyingMedicalBillingthroughArti cialIntelligence SincetheoutbreakoftheCOVID-19virus,world healthcaresystemshavebeencomprehensively tested,andmanynewchallengeshavebubbledtothe surface.Onesuchchallengeamongthepublicisthatof medicalbilling.
Medicalbillingistheprocesswheremedicalservicesare convertedintopaymentfortheprovider.Often,providers andpatientsarerequiredtotrackandfollowthefilingand claimprocessmanuallyoncethemedicalserviceis delivered,whichisinconvenientand,attimes,debilitating forthepatient'shealthandrecovery
ThisiswhereClaimTekSystemscomesintothepicture. ClaimTekistheonlycompanyinthehealthcareindustry thatfacilitatesasmooth,automated,andhassle-free experienceforpatientsandproviders.
BrianWeaver,VicePresidentofBusinessDevelopment atClaimTekSystems,sharestheirvisionandtheimpactthe companyhascreatedinthehealthcaresysteminan exclusiveinterviewconductedbyInsightsSuccess.
Below are a few excerpts from the interview:
Whatmakesyourcompanyapreferredfranchisechoice overyourcompetitors?
ClaimTekistheonlycompanyinthehealthcareindustry thatprovidesfulltrainingandcertificationinbothmedical anddentalbillingwhiledevelopingoursoftwaresystems designedspecificallyforbillingcompaniestoserviceany providerinhealthcarewhileprovidingintegrationstoany othersoftwareonthemarketplacethroughourClaimTekAI artificialintelligence.
AllowingourLicenseestostart,buildandgrowa successfulbusinesswithoutanypriorexperiencein RevenueCycleManagement(RCM).Thesekeyfactsalso makeitmucheasierforourLicenseestoacquireclients becausewecanprovidebetterpricingthanotherbilling companiesduetoourloworevennocoststouseour softwaresystemsmonthtomonth.
Loweroverheadforthebusinessownermeansbetter pricingfortheirproviders.Ourownerscanprovidemore comprehensivesolutionsthanmanyoftheircompetitors duetotheClaimTekbusinessinfrastructuretheyhave immediateaccesstoaslicensees.
Tellusmoreaboutyourfranchisingopportunities, eligibilitycriteria,andbenefitsthataprobable franchiseemayreceive.
TheAmericanhealthcaresystemismodernizingjustasa significantportionofthepopulationentersretirement,and thedemandforhealthcareprofessionalswhocanprocess importantdataisgrowingonadailybasis.Accordingtothe BureauofLaborandStatistics,theoutsourcingmedical billingfieldisexpectedtogrowby15%betweennowand 2024.
Some benefits for a potential licensee are listed below-
• Startabusinessforyourself,butnotbyyourselfwith ClaimTek!
• Interestingandrespectedcareer-Recession-proof industry.
• Shortageofdoctorsmeansmorepressuretooutsource.
• Affordablestart-upandlowcosttooperateandmaintain
• Flexiblehours–workdaysornights,startpart-timeor full-time.
• Noexperiencenecessary!Fulltrainingandcertificationin medical&dentalbillingareincluded.
• Operatelocallyorremotelyfromanywhere,homeor office.
ClaimTek's value proposition helps patients and providers ensure they receive focused attention to its respective areas of strength.
Brian Weaver Vice President of Business Development
• Noterritories,contractwithdoctors&dentistsinall50 states.
ClaimTek'svaluepropositionhelpsprovidersensurethey receivefocusedattentionandacustomizedapproachto practicemanagement.
Themedicalbillingoutsourcingmarket,valuedat$4.3 billionin2020,isexpectedtoreachavalueof$10.0billion by2028.
Ourturn-keybusinessprogramsallowanyonetostartand growasuccessfulbusinessforthemselvesintherecessionproofandboominghealthcarefieldanywhereintheUS. ClaimTekwillhelpyoutakecontrolofyourfutureand unlockyourpotential.
Brain,pleasebriefusaboutyourselfandhowyouhave contributedtowardsthecompany'scontinuoussuccess.
Overthepasttwoyears,I(BrianWeaver)havecreated morethan75videoswithmorethan20hoursofvideo coachingcontentthatgointothespecificsofdirect marketing,internetmarketing,andassociational/referralbasedmarketing.Itisdesignedforcontinuededucation trainingforbusinessdevelopment,strategicmarketing strategies,anddynamicdigitalmetrics,whichcandrive newclientacquisitionforourlicensees.
Thisvideocoachingseriesiscalledour'Friday5@5to Thrive'andwasdesignedtohelpindividualswhohave neverrunabusinessbeforeormarketedthemselvesor servicestohelpthembecometrueprofessionalbusiness ownersineverysenseoftheword.
HowdidtheCOVID-19pandemicimpactyourdaily operations,andwhatwerethechallengesthatyou faced?
Everyonehasbeenimpactedbythenewcoronavirus,but
nonehavebeenaffectedasmuchashealthcareproviders. Notonlyaretheyseeinganextremeincreaseinpatient visits,butdoctorsarehavingtolearnaboutbrandnewrules andregulationsongettingpaidfortheCOVID-19testing. Thesetestsneedtobebilledaspecificwaytogetpaidand dealingwiththenewrulesisanadditionalandunnecessary addedpressurethathealthcareprovidersfaceinatime whentheyshouldbefocusingalltheirattentiononpatient care.
Myadvicetoyouistonotdelayatall.Startassoonas possiblesothatwecangetyoutrained,andyoucangetout theretowinbusiness,nowthattheopportunitiesarein abundance.
Manyelectivesurgeriesandnon-essentialprocedureswere beingcanceledduringthiscrisis.Practicesarefloodedwith patientswhoneedcare,andnon-essentialprocedureswould likelyspikelaterintheyearasprioritiesshift.
2021wasthebusiestyearinhealthcareeverrecordedin history.Itcouldverywellbethemostprofitableortheleast profitableyearforpracticesdependingonhowthey managedtheirpracticeandrevenuecycle.
Whilewerecognizetheseriousnessofthecircumstances, thisisanfortunatetimetopromoteandgrowapractice managementbusinessbycontributingtoimprovingthe efficiencyandeffectivenessofourhealthcaresystem.
ThrowsomelightontheTelehealthBenefitsfor MedicareBeneficiariesDuringCOVID-19Outbreak.
TheTrumpAdministrationannouncedtoexpandMedicare telehealthcoveragethatwouldenablebeneficiariesto receiveawiderrangeofhealthcareservicesfromtheir doctorswithouthavingtotraveltoahealthcarefacility
SinceMarch6,2020,theCentersforMedicare&Medicaid Services(CMS)startedtemporarilypayingcliniciansto providetelehealthservicesforbeneficiariesresidingacross theentirecountry.
ClaimTek Systems continues to focus on ways to improve its technology and build new advanced systems for continued Licensee success.
Backthen,theFDAwasonthevergeofapproving consumertestingkitsforCOVID-19.Thesekitswere limitedinsupply,andproviderscan(ifobtained)sellthem totheirpatientstoearnretailprofits.Havingresourceslike thisandacontingencyplaninplacewhenthingsgo sidewaysissoimportantforanyhealthcareprovider.This hasbeentheloudestwake-upcallforallhealthcare providers'professionalcareers.
Considerthebusinesspotentialforahealthcareprovider whoisengagedwiththewaronCOVID-19.Medicarealso recentlyannouncedthefeepaymentstructuresfortestkits andtestingreimbursements.Knowingtheproperclaims processingmethodsandoversightoftheprocedureand diagnosiscodesthatcorrespondwiththesetestsandtesting kitscanbeanincrediblebenefitforanunderstaffedor overwhelmedclinic.Ourvaluepropositionhelpsproviders ensuretheyreceivefocusedattentionandacustomized approachtopracticemanagement.
Medicaladministrativepersonnelishomecaringforkidsas schoolclosures,andfamilyprioritiesleaveavoidinthe clinicalenvironment,noteasilyfilled.Outsourcingtoour licenseesforsupportservicesshouldbewell-engrainedina ContingencyPlan.
Don'thaveone?Wecanstepintohelpinminutes,notdays orweeks.Staffisconcernedaboutgettingpaidasother familymembersarebeingtoldtostayhomefromworklimitingaprovider'sabilitytofullycontributetothiscrisis. Wecancertainlyhelpmakethingseasier
Whilethefrontdeskteamwilllikelybebusierthanever, theyshouldhaveanearforanexperiencedprofessional offeringtohelp.Anofficeadministrationcontingencyplan isamust-haveforanyprivatelyownedhealthcareoffice. Thisisourtimetoshine.
Whenitcomestoadaptingtotheevolvingcustomerneeds andtrends,doyouthinkitisnecessarytoalignone's businesswiththelatesttechnologicaldevelopments?Ifyes, howdoesyourcompanycatertothisnecessity?
Youcannowautomate50%ormoreofthebillingprocess withClaimTek'snewartificialintelligencetohelpyouwork fasterandmoreaccurately,allowingeachbillertotakeon moreaccountsandgeneratemoreprofitfortheirbusiness.
Youcantakeyourbillingbusinesstothenextlevelby implementingautomationandartificialintelligence.You justhavetoconnectyourbillingsoftwaretoanyElectronic HealthRecord(EHR)systemonthemarket.
WithClaimTekAI,youwillnolongerneedtoworryabout whatsoftwareamedicalproviderisusingforyoutowork andservicetheirpractice.Youcanworkwiththemalland supportanyproviderinhealthcarewithClaimTekSystems andClaimTekAI.
Bycreatingseamlesscommunicationsfromsystemto systemtoimproveaccuracyandefficiencyofdata migrationandclaimsdatauploadstotheclearinghouses, ClaimTekAIhastheabilitytoreplacemedicalbilling employeesandstaffmemberstoallowasinglebillerto handlewhatwouldnormallytake2-3full-timeemployees.
Asanestablishedfranchiseleader,whatwouldbeyour advicetothebuddingentrepreneursplanningtoown franchisebusiness?
Findareputablecompanyinacompetitive,ifnota recession-proof,industrywithatrackrecordofsuccess. Innovate,whilemaintainingastronglygroundedeffortto helptheirownersprofitandgrowwiththemwithout mandatoryordering,whichcanbleedacompanydryinthe wrongeconomiccommunity.
Howdoyouenvisionscalingyourcompany'soperations in2022?
Wefocusonsteady,strategicgrowththatallowsustotakea specialinterestineachLicensee'sbusinesstohelpthem succeed.Wecontinuetofocusonwaystoimproveour technologyandbuildnewadvancedsystemsforcontinued Licenseeandprovidersuccess.
Crave A Favored Franchise Choice HotdogswillremainanAmericanfavoritetillthe endoftime.Whodoesn'tlovethatclassicsnap whenyoubiteintoajuicydog? Hotdogscanbe enjoyedbypeopleofallageswithdifferentflavorprofiles andtoppings.
HotdogsareoneofthetrendiestfoodsintheUnitedStates ofAmericaasover20billionhotdogsareconsumedby Americanseachyearandalmost40%ofAmericanadults eathotdogsandFrenchfrieseveryday
Realizingthisescalatingdemand,aninnovativefranchise brand,CraveHotDogs&BBQcameintoexistencewith themissiontodeliveramenuwherethereissomethingfor everyoneandyouleavehappy,nothungry.
Crave,oneofAmerica'sbestanduniqueBBQ&hotdog restaurants,offerssmokedbrisket,pulledchicken,and pulledpork,grilledhotdogs,bratsandsausages,andmuch more!
Inaninterview,SamanthaRincione,theCEOsharesher knowledgeandhercontributionstowardsthecompany's continuoussuccess,andhervisionforitsfuture.
WhatmakesCraveHotDogs&BBQapreferred franchisechoiceoveryourcompetitors?
AtCrave,weareextremelyinnovative.Westrivetostay relevantwithtechnology,food,andatmosphere.Whenyou entera'Crave'thereisawowfactorintheenvironment,
Our biggest factor to success, is that we are involved from start to finish to include real estate assistance, marketing, operations, training, ongoing support, SBA loans, and more. Having the founders of a brand at your side every step of the way, further demonstrates our loyalty to our franchisees and motivation for the Crave Family as a whole to be successful.
followedbyawowfactorwiththefoodandservice.We havetrivia,familygamenights,bingo,karaoke,andall differenttypesofeventsincludingax-throwing!
Wealsohavemultiplerevenuestreams,creativefood dishes,andmore.Ourbiggestfactortosuccessisalsothat weareinvolvedfromstarttofinishtoincluderealestate
About the Leader The first part of success is knowing your strengths and weaknesses and putting forth your strengths. Samantha Rincione founded Crave Hot Dogs & BBQ with her husband Sal Rincione in 2018. Together, they are truly a dynamic duo.
Samantha oversees the company as well as the day-today operations making sure things are running smoothly and efficiently. She also heads the marketing department and oversees finance and legal. Sal oversees the franchise sales, real estate, and buildout of the stores.
"Having one of us onboard the new franchisees, finding the real estate and assisting in their loans, while the other runs the day-to-day operations, marketing, finance, menu innovation, etc., allows us to hit all major aspects of the business. We also have a top-notch team that is a huge reason our company operates as smoothly as we do today" Samantha concluded.
assistance,marketing,operations,training,ongoingsupport, SBAloans,andmore.Youareneveralonewhenyouarea partoftheCravefamily.
Tellusmoreabouttheopportunities,eligibilitycriteria, andbenefitsthataprobablefranchiseemayreceive.
TobecomeaCravefranchisee,firstandforemostyoumust beexcitedandbelieveintheCravebrand.Excitementand supportfromfamilyandfriendsgoalongway.Inaddition, youwillneedtomeetthestandardsforliquidandnet capitalaswellascreditscore.
Veteransreceiveaveteran'sdiscountonthefranchisefee.In becomingafranchisee,youreceivealloursystemsand manualsofaprovenbusinessmodelaswellasoursupport andguidance.
HowdidtheCOVID-19pandemicimpactyourdaily operationsandwhatwerethechallengesthatyoufaced?
Likemostrestaurants,inthebeginning,manylocationshad toaltertheircapacityandseating.Weinstitutedoutdoor seatinginalllocations,pushedourdrive-thru,andensured
Exhibiting Excellence After being in the hospitality industry for 15 years, it was apparent to me that I wanted to own my own restaurant. After much research of different concepts, we came across Crave. When I inquired, I was able to speak with the founders of the company Samantha and Sal Rincione.
It was apparent immediately that they had the same values and vision as my wife and me. We instantly fell in love with the food, concept, and especially technology that Crave offers its customers. When we saw Crave had won the award for "Best BBQ Franchise in the US", we knew we had to be a part of that. We look forward to opening a location and bringing the delicious food and self-serve Beer to Raleigh.
Eric Reyes, Raleigh NC
Over the past year, our family has been working closely with Sal and Samantha. We cannot say enough good about them, we truly feel like family from day one. They have been very supportive and informative throughout the entire process. There is nothing too big or too small that they won't assist with. Their knowledge and expertise in the hospitality industry are truly second to none. We are excited to see what the future will hold and feel very fortunate to be part of the brand.
Karin Wulf, Baton Rouge & Shreveport LA
WestoppedatCraveandwewereblownaway.My husbandwhoisanavidbeer-drinkercouldnotbelieve howmuchfunhehadattheirself-pourbeerarea. Theyhave32differentcraftsontop.Hecouldtry flightsanddifferentpairings.Ienjoyedthewine selection.Well,seeyounextweekfortriviaCrave!
Joan Lyle
Afterretirementfrompublicservice,theracefor thesecondhalfoflifewason.Our visionary/partnerbeganresearchondifferent franchisesandCRAVEstoodout.Thehands-on approachthatSamanthaandSalRincionegiveis huge.Theiryearsofexperienceinthefoodservice industryrenderasenseofsecurity Youknowyou willbetakencareofjustlikefamily Weareglad wechoseCraveandbecameapartoftheCrave family!
Cynthia Kay - Spring, TX
Holy Moly what a good find. This is finally a good true BBQ in Texas! The Mac N Brisket sandwich has me in love for life! I love the décor too very inviting. I'll be back very soon!
Jay Walsh
wehadourappavailableforcurbside,takeoutpick-up ordersahead.
Wealsoaddedself-orderkioskstothelocations.Wealso haveaself-pourbeerwallthatallowscustomerstosocially distancethemselveswhiledrinkingandenjoyingtheirfood. Weadaptedandovercameasawhole!Veryproudofallour franchiseesandstaffforthat.
Whenitcomestoadaptingtotheevolvingcustomer needsandtrends,doyouthinkitisnecessarytoalign one'sbusinesswiththelatesttechnological developments?Ifyes,howdoesyourcompanycaterto thisnecessity?
100%wearealwaysuponthelatesttrends.Wehave utilizedallsocialmediaplatforms,haveanappthatallows curbside,deliveryandtakeout,self-orderkiosks,andmany differentfoodoptionsforalldiets.
Wealsoareincorporatingax-throwinglanesintoour restaurantssopeoplecanenjoythrowingonalane,drinking icecoldcrafts,andeatinggoodfood.Currentlywehave trivia,bingo,livemusic,familygamenightsandmoreas well.
Asanestablishedfranchiseleader,whatwouldbeyour advicetothebuddingentrepreneursplanningtoown franchisebusiness?
Bestrong,don'tgiveup,bereadyfortheunexpected,and innovationiskeytosuccess.
Howdoyouenvisionscalingyourcompany'soperations in2022?
Weplantohaveover30unitsopenand50moresoldbythe year-endof2022ataminimum.Wealsoexpecttohaveat least10foodtrucksontheroad.
EssentialStartup Costs You should Expect as a Owner Small Business Whilemostpeopledreamaboutstartinga business,onlyafewideatestrategies,takethe necessarysteps,andmakeitareality Aswe know,establishingastartupinaconsumermarkethas severalfactorsthatneedtobeconsideredandplannedin detail.Oneofthemostimportantaspectsofastartupis budgetplanning.
Abudgetingexercisehelpsinestimatingpossiblebusiness costsintheearlystages.Havingareadybudgetplan enablesbusinessaspirantstoseekfundingactively.By listingminortomajorcostsonthepaper,onecanalso figureoutwaystooptimizethecostsordistributethem morewiselywitheachiteration.Today,therearesomany smartwaystodistributeanorganization'sbudgetto minimizeunnecessaryspendingandensurehighsuccess rates.
Keepingtheaboveinmind,let'sexploretheessential startupcostsyoushouldexpectasasmallbusinessowner.
CostsofLicensingandInsurance Evenifitisasmallstartup,anentrepreneurshouldacquire basiclegalregistration,taxation,andtrademarklicense documentsintheinitialstages.Havingthesedocuments quicklyestablishesbusinessauthenticity.Italsohelpsnew businessestogetcertifiedbylocalandnational governments.Whilebudgetingfortheseprocedures,itis suggestedtomakeaproperinquiryaboutfeesandcosts withgovernmentofficesandindustryseniors.
Additionally,beginnersinbusinessneedtoallocatea
budgetforinsuranceandsafeguardthemselvesfromthe risksthatcouldariseinthefuture.Startupscouldfacerisks likefaultymachines,customerlawsuits,employeehealth issues,transportvehiclesafetyconcerns,andsoforth. However,insurancerequirementsarecompletelydependent ontheserviceindustry,companysize,andregion.
TechnologyCosts(MVP) Digitizationhaspavedthewayforentrepreneurstobring theirdreamsofstartingabusinessintoreality.Ithasalso enabledthemtogetmaximumtractionwithsmall-scale investments.Somanycoststhesedaysaretakencareofby Internet-connectedtechnologicalgadgets.
Asanentrepreneur,onemayverywellbeawareofthe importanceoftechnologyinstartingasmallbusiness. Nowadays,onecangetseveralthingsdonewiththehelpof technology,speedily,andbyspecializedprofessionals acrosstheworld.
Forthetechnologybudget,oneneedstoallocatefundsfor digitaldevices,internetcharges,websites,software, application(s),andsoon.Whilebudgetingfortechnology, donothesitatetoallocateextratoensurequalityover quantity.Havingresourcefultechnologygadgetsand servicesavailablewillsaveownersfromthehasslesof documentation.
Onesmartwaytosavesomecostsintheinitialdays entrepreneurscanutilizetheoutsourcingoptionformeeting businesspurposes.Itisaneffectivewaytokeepsome essentialfundstoinvestinotherimportantfactors.
InventoryCosts Ifoneisplanningtosellmanufacturedproductsthrougha newbusiness,thenheorshewillneedtoallocatean essentialamounttoinventorypurchases.Accordingtoa study,allocatingaround20%to25%ofthetotalfundswill sufficetoensureadequateproductionlevelsforthefirstfew months.
Businessaspirantsneedtodopropermarketresearch onsimilarbusinessesfirst.Mostimportantly,one shouldnothesitatetoseekadviceonbudget allocationforproductionfromexperienced businessmen.
ManufacturingCosts Themostimportantaspectoforganizinga budgetforastartupisfocusingoncost efficiency.Ifmanufacturingisinvolved, astartupownerwillrequirea substantialbudgetforbuying equipment,machines,andother basicsuppliesthatareessentialin theproductionoftheparticular product.
Initially,entrepreneurscan alsochoosetorentthe machinesorequipment, whichwillallowthe savingofvitalcapital forothernecessitiesthat mayariseinthefuture. Onecanchoosetobuythe machinesinthefutureasthe businessstartsgenerating returns.
MarketingandAdvertising Costs Today,itisoftheutmostimportanceforstartupstodo marketingtoreachtheircustomers.Itispossiblebyusing socialmediaplatformstogetanewbusinessnoticed withoutspendingapenny.However,allocatingthebudget formarketingandpromotionactivitiesisessentialto gainingawiderreach.
Itwouldbeadvantageousforaentrepreneurtofirstfocus ononlinemarketingtoreachatargetedaudience.Thiswill helpingettingtheidealcustomerquicker.Therecanbe numerouswaystomarketastartupbusinessonlineand offlineeffectively.Itwillbetheowner'scalltochoosethe
mostbudget-friendlyoptionthatsuitstheirbusinessneeds.
OtherEssentialCoststoCover Consideringtoday'stechnologicaladvancements,asingle personcanstartasmallstartupbusinessfromhome, providingservicesandproductsthatheorsheintends.This mayenableonetosavelotsofmoneyonfactorslike employeeexpenses,officeutilitiesandrent,consulting services,insurance,andsoon.
Evenifnewbusinessownerscanmanagethetasksontheir ownintheinitialstages,astimepasses,theywillneedto considerexpandingoperations.Forthis,entrepreneurswill havetomakefundsavailableforalloftheabovesegments slowlyandsteadilytoimprovetheirbusinessoperations.
However,ifthefundsaresufficientlyavailable,one muststartallocatingthebudgetfortheabovefactors rightfromthebeginning.Anewbusinesscanalso startsteadilyinvestinginthem,dependingonthe waythebusinessproceeds.
Also,forthebenefitofall,inalmostevery service,rightfromlogistics,dataprocessing, manufacturing,accounting,andmore,there areoutsourcingservicesavailable.Withjust afewclicks,abusinessownercansharehis orherworkrequirementswithoutsourcing companiesandgetworkdonewithina givendeadline.Thiswillallowbusiness ownerstofocustheirfundsonother importantaspectsoftheirbusiness.
TheBottomLine Today,thereareseveralwaysonecan launchasmallbusinesswithindaysorweeks. However,itissaidthat Rome wasn't built in a day; thesayingalsoapplieshere.Abusiness enthusiastwillhavetopatientlydothings.Gooverthe budgetallocationsagainandagaintooptimizeandrefocus onthemostimportantfactors.Advancedplanningofthe budgetforthefirstthreetosixmonthswillhelpstartup ownerssmoothlyutilizetheavailablefunds.Therewill alwaysbelotsofchallenges,butwithpersistenceand effectiveplanning,onecantakeastartupbusinesstothe nextgrowthphase.
- Vishal Golekar
Ian McKinnon Director
Internet Removals
“ “ Our personnel including licensees are the key to our success. Customer relationships, marketing, and sales provide us with a great opportunity to perform our unique services. Sincetheworldmadeheavystridesin digitization,thevolumeofdata,specifically thedatageneratedonline,hasreached unprecedentedlevels.Over60percentofthe globalpopulationusestheinternettoupload andstoretheircontent.Theagegroupof18to 25comprisesthemostactiveusersofsocialmediacontent. Everyonecanseeandaccessthatcontentandevencan downloadittotheirsystems.
Sincethereachofonlinecontentisverybig,itbecameeasy todriveanytypeofcontentonline.Abusivereviews,hate spreadingfromunauthorizedpages,filmpiracy, inappropriateprivatecontent,andmorethatisnotsupposed tobepublishedarethereaccessibletoeveryone.
So,privacyandsecurityaremuchneeded.Somecompanies andgovernmentsmonitorthedatawhichgoesonline.But toremovecontentthatisharmfulorinappropriateisalong taskorproceduretodo.InternetRemovalsisa revolutionarycompanythatprovidesassistancetoremove onlinecontent.Theyhavefacilitatedthisserviceformore than30countries.Withtechnologyexperts,theyhavea diversestaffthatprovidesthisservicetoindividualsand organizations,whohavedifferentlanguagesandcultures.
RecentlywehadaconversationwithIanMcKinnon,the DirectorofInternetRemovals,toknowmoreabouthow muchthethreathasrisenontheinternetandhowthey operatetogivetheirclientthebestservices.
Below are the highlights of the interview:
WhatmakesInternetRemovalsapreferredfranchise choiceoveryourcompetitors?
w ConservativeentrypointLicensingFee
w Minimalsetupcosts
w Minimalplantandequipment(computerandinternet connection)
w Norequirementforofficeorretailcommitment
w Highprofit
w Limitedongoingfinancialcommitment
w Unlimitedlow-costqualifiedleads
w Quickstart-upandincomegeneration
w Greatreturnoninvestment
w Topicalandaddressingagrowingsocialproblem
w Pandemicproofing
Tellusmoreaboutyourfranchisingopportunities, eligibilitycriteria,andbenefitsthataprobable franchiseemayreceive.
InternetRemovals(IR)isengagedbypersonsand businessestoassessandremoveillegalonlinecontent. Onlinecontentisnowamajorriskandproblem. Our businessisuniqueandhasverylimitedcompetition.
IRprovidesitsservicesanddealsonplatformssuchas Google,Facebook,websites,ISP’sandinsomecases, offenders.
Thelicenseeacquiresthelicensetobrandandmarketand sellstheIRserviceswithinthearea,usingtheIRproven andtestedmarketingandsalesprocessandformula. Essentiallythereisahugemarket,andonecouldsaythat thereare
unlimitedqualifiedandongoingleads.Otherservices includemonitoringandreviewmanagement.ForIR,what entailsasstartingafranchisearethefollows:
ü IRprovidesalltrainingandongoingsupportatno charge.
ü TheIRLicenseemarketsandsellstoprospects.
ü HQprovidestheapplicationandremovalservice.
ü TheLicenseeandIRsplitthefee50-50.
ü Apartfromaverysmallmonthlyadministrationfee associatedwiththeuseofoursoftwareandtelephone system,thereisnoongoinglicensefee.
ü Thelicenseeisforfive(5)years(ifexclusive)andcan berenewedbybothpartiesattheendoftheperiod.
ü Therearelimitedfixedcostsoroverheads.A prerequisiteisaninternetconnection.
Ourpersonnelincludinglicenseesarethekeytoour success.Customerrelationships,marketing,andsales provideuswithagreatopportunitytoperformourunique services.
WhatwerethechallengesthatarefacedbyInternet Removal?
TheCOVID-19pandemichadlittleifnoeffect.Despite somebusinessessufferingothersthrived,resultingina continuationofrequestsforservice.Inadditiontothis,the increaseduseofsocialmediaandotheronlineplatforms increasedtheneedforourservicestobeprovidedglobally
Furthermore,ourbusinessdoesnotrelyuponitspersonnel travelingtoandfromofficeenvironments,ensuring businesscontinuity.
Whenitcomestoadaptingtotheevolvingcustomer needsandtrends,doyouthinkitisnecessarytoalign one’sbusinesswiththelatesttechnological developments?HowdoInternetRemovalscatertothis necessity?
Customerscanalwaysbenefitfrombusinessesemploying thelatesttechnologicalinnovationsandtrendsand,while businessesoftenbearthecostofimplementingthesenew technologies,theyimprovethecustomerjourney.Our primaryfocusatInternetRemovals,isensuringthe customerjourneyisasgoodasitcanpossiblybe,sothat customerswhoarealreadyexperiencingstressfulevents, canmanagetheirmatterwithoutunnecessaryfriction. Furthermore,adoptingnewtechnologiescanimproveour owninternalcapabilitieswhichinturn,oftenpasseson tremendouscostsavingstoourcustomers.
Asanestablishedfranchiseleader,whatwouldbeyour advicetothebuddingentrepreneursplanningtoown franchisebusiness?
Ensurethatyourbusinessissuccessfulasastand-alone businessbeforeconsideringfranchisingorlicensing.Ensure thatyouhaveironedoutallissuespriortoreplication.Why replicateaproblem?
Ensurethatafranchisororlicenseewillmakemoneyfrom youroffer.Iftheylosemoney,itwillbelikebeinglocked intoabadmarriage.
IR provides its services and deals on platforms such as Google, OnlyFranchiseorLicenseifyouarepreparedtoprovide thehighestlevelofcustomerserviceandsupporttoyour franchiseeorlicensee.Remember,itwasyouwhoinduced themintothisdeal.Itbeingyourbrand,youareresponsible toensuretheirsuccessasifitwasoneofyourfamily
HowdoyouenvisionscalingInternetRemovals operationsin2022?
Wewillcontinueourlicensingprogramtoachievemarket saturation.Atthesametime,wewillcontinuetoreinvestin technology,theknow-how,andsystemstoprovideall personnelandcustomerswithanenhancedexperience.
Jordan Meinster CEO - PickUp USA Fitness
Selected franchisees benefit from having a playbook to follow on every element of their business from financing to site selection to marketing, sales, and operations.
PickUp USA Fitness The Best Way to Play Your Top Game Atop-performingplayeralwaysknowshisgame. Becausehehasbeentrainedbythose,whoknow theperfectgameplan.Thus,thefuturestarplayers willinstinctivelyrealizewhocouldbetheirbestbet,when itcomestotrainingandplayingwith.PickUpUSAFitness
–ABasketballfocusedfitnessclub.
Yousaythename,youjointhem,andthenplayyourtop game.Theyarethereforyouforever,withallthebestways tosupportyou,owningyourplaybusiness,withtheir decadehonedandfortyfranchiseesold,nationwide playbook.
JordanMeinster,theCEOofPickUpUSAFitness,has startedthefirstlocationinIrwindaleandiscurrently leadingthecompanyinitsnationwidefranchising campaign.
Heoverseesthemarketing,operations,realestate,finance, anddevelopmentteamsatPickUpUSAFranchise Company.HealsooverseestheoperationsatPickUpUSA's corporate-runstores.
So,when Insights Success wassearchingfor"The10 DisruptiveFranchisesof2022,"wealwaysknewthatwe hadtocatchthisfantasticleaderandpickupadiscussion withhim.
MrMeinstertoo,wasverybig-heartedtoaccommodateour listofqueries,whichmostofthewishfulfuturefranchise collaborator'salsohave.
Herearehisinsightfulanswers.
Whatmakesyourcompanyapreferredfranchisechoice overyourcompetitors?
PickUpUSAFitnessisthepremierfranchiseopportunity forbasketballenthusiasts.Ourgymoffersprivatebasketball training,groupbasketballtraining,fullweightandcardio rooms,PickUpbasketballwithreferees,basketball tournaments,andfull-serviceyouthprograms. Forpeople lookingtostartabusinessfocusedonbasketball,wearea greatoption.
Tellusmoreaboutyourfranchisingopportunities, eligibilitycriteria,andbenefitsthataprobable franchiseemayreceive.
PickUpUSAFitnesshasfranchiseopportunitiesacrossthe UnitedStates.Wehaveawarded40franchisesandare increasingourdevelopmentschedule.Tobeeligibleto franchisewithus,wearelookingforpeoplewhoare passionateaboutourserviceofferingsandwhowillbe activelyinvolvedinrunningtheirclub.
Selectedfranchiseesbenefitfromhavingaplaybookto followoneveryelementoftheirbusinessfromfinancingto siteselectiontomarketing,sales,andoperations.Wealso havea365dayayearsupportteaminplacewithdedicated representativesateverystepofthejourney Weworkas hardasourfranchisees.
HowdidtheCOVID-19pandemicimpactyourdaily operationsandwhatwerethechallengesthatyoufaced?
InMarchof2020,allofourgymssuspendedoperations duetopublichealthorders.Withinafewmonths,thegyms startedopening.Ouranticipationwasthatthemembership count,attendance,andrevenuewoulddrop.Weplannedfor theworst.
Asthegymsstartedreopening,wewerethrilledthatmost ofthemembersenthusiasticallycamebacktothegym. 2020turnedintoourbestyeareverforsystemwidesales, and2021beat2020asourbestyear-to-date.
Weimplementedcomprehensivecleaningandsafety proceduresandhelpedourfranchiseesplanforcashflow disruptionsduringtheclosures.Wemadeitthrough COVID-19asastrongercompanyandarepoisedfor continuedgrowth.
Whenitcomestoadaptingtotheevolvingcustomer needsandtrends,doyouthinkitisnecessarytoalign one'sbusinesswiththelatesttechnological developments?Ifyes,howdoesyourcompanycaterto thisnecessity?
Basketballisinherentlylow-tech.Youneedaball,acourt, andsomehoops.Thatsaid,wehaveincorporatedatonof technologyintoouroperationstobenefitourfranchisees andourcustomers.
Abigpartofthisisour PickUp USA University™ program thatservesasthefoundationforourfranchiseeknowledge development.Wehaveheavilyinvestedinourlearning managementsoftwaretoensurethatourfranchiseeshave allofthetoolsnecessarytotraintheirteamsandruntheir clubs.Wehavealsoinvestedincustomeramenities,
ofwins,etc.
Wecontinuetoinvestintechnologytoensureourmembers gettheworld-classservicetheyexpectfromourbrandand thatthefranchiseownershavethetoolstooperatetheir clubsinanefficientandprofitablefashion.
Asanestablishedfranchiseleader,whatwouldbeyour advicetothebuddingentrepreneursplanningtoown franchisebusiness?
Owningafranchisebusinessisagreatwaytobeinthe businessforyourself,beyourownboss,dosomethingyou arepassionateabout;allthewhilehavingateamandan establishedbrandsupportingyouateverystepoftheway Ifyou'rewillingtoputinthework,youcanbeavery successfulbusinessowner.Ittakeshustlebutthepayoffs canbehuge.
Howdoyouenvisionscalingyourcompany'soperations in2022?
Wesignedalotofnewfranchiseownersin2021intoour systemandweanticipateopeningseveralnewclubsinnew andexistingmarketsforusin2022.Ourbrandhasatonof momentumrightnowandwe'vebuiltanarmyoftop-notch franchiseownerstohelpusscaleourconcept.
includingourproprietaryqueuingsystem, The Casey Queue™,whichorganizesourbasketballgamesandkeeps tracks
Send Me a Trainer’s franchise model is designed to be in line with the modern way of doing business.
An Emerging Franchise Enabling Mobility and Convenience Ifyouarereadingthis,youareprobablyawarethat McDonald’sistheworld’slargestfast-foodrestaurant chain.Buthaveyoueverconsideredhowitall happened?ItwasthenaturalresultofMcDonald’s franchise-basedbusinessstrategy
Whenapersonentersafranchisebusiness,hegradually getsaccesstothecredentialsofthatbrandorthecompany withpermissiontosellitsproductswithinthementioned locationinthatspecificarea.
Thisgraduallydecreasesthebrandowner’seffortsby avoidingtheheavytaskofpromotingthebrand,whichmost newcompaniesencounterintheinitialstages.
Startupcapital,speedofexpansionwithminimalriskand effort,motivatedmanagement,andmanymorebenefitsare thekeybenefitsforanyfirmorindividualenteringthe franchiseindustry.Onesuchcompanythatenablesthese firmfactors,enablingmobilityandconveniencealtogether isSendMeaTrainer.
SendMeaTrainerisafreeonlineplatformconnecting fitnessprofessionalswithclientsinselectcitiesnationwide. Itisthefirstfranchisemodeltobringtechnologyand SiliconValleytothefranchisingworld.Thefranchiseesof thiscompanycanexpandthetotaladdressablemarketby addingadditionalcategoriesontheappsuchasmusic instructors,tutors,othercategoriesetc.
Inthefollowinginterview,BaryEl-Yacoubi,theCofounderandCEOandMuhssinEl-Yacoubi,theCofounderandCFOshedlightonthecompany’sjourney, theiropiniononthecurrentindustrylandscape,andtheir visionforthecompany’sfuture.
WhatmakesSendMeaTrainerapreferredfranchise choiceoveryourcompetitors?
SendMeaTraineristhefirsttechnologymarketplacefor in-homeservices(personaltrainers,tenniscoaches,etc.) availableasatechnologyfranchise.Wejusthappenedto startwithpersonaltrainersandsportscoaches.
Wehaveawardedover50territoriesandexpanded InternationallytotheUKandDubaiallwithinourfirsttwo yearsofFranchising.
Tellusmoreaboutyourfranchisingopportunities, eligibilitycriteria,andbenefitsthataprobable franchiseemayreceive.
KeyFeaturesandCompetitiveAdvantages
Ÿ Lowstart-upandoverheadcosts(Getstartedforunder $50k)
Ÿ Proprietarytechnologyandmobileapp
Ÿ Scalableandflexiblebusinessmodel-Multipleservice categories
Ÿ Workfromhome
IdealCandidate:NoFitnessExperienceRequired
Wearelookingforoutgoingfranchiseownerswhohave sales,marketing,and/ormanagementexperience,andwho areresultsoriented.Apersonwhocanbuildrelationships, leadateam,andwhohasthemotivationtoexcel!
Toqualify,franchisees’need:
Ÿ Provenrecordofaccomplishment
Ÿ Strongsalesandcommunicationskills
Ÿ Minimumof$49kinliquidcapitaltoinvestinyour business
HowdidtheCOVID-19pandemicimpactyourdaily operationsandwhatwerethechallengesthatyoufaced?
WearerapidlyexpandinggiventheboominhomeFitness. ThefitnessindustryhaschangedduetoCOVIDwithhome fitnessandhome-basedservicesnowbooming.Home fitnesswasalreadypopular;however,thepandemic acceleratedmoreconsumeradoption.
Industryexpertsindicatethatthetotaladdressablemarket ofthehomefitnessindustryhasincreasedbytenbillion dollarsannuallyduetothepandemicdrivingconsumers awayfromfitnessclubs.
Whenitcomestoadaptingtotheevolvingcustomer needsandtrends,doyouthinkitisnecessarytoalign one’sbusinesswiththelatesttechnological developments?Ifyes,howdoesSendMeaTrainercater tothisnecessity?
SendMeaTraineristhefirsttechnologymarketplacefor in-homeservices(personaltrainers,tenniscoaches,etc.) availableasatechnologyfranchise.
Weevolvedourbusinesstobeentirelymobileapp-driven andinlinewiththelatesttechnology.Wealsoautomated theoperationsofthebusinessthroughtechnology
AwardsandRecognitions Since launching our franchise strategy about 2 years ago, Send Me
has been:
A Trainer Awarded over 50 territories in the US, UK, and Dubai.
Featured on the cover of Entrepreneur Magazine as a relevant franchise of the future and the founders are on the cover alongside some of the most influential leaders of this post covid era such as Zoom CEO, LinkedIn CEO, Magic Johnson, a few guest Sharks from Shark Tank and others.
nd Ranked 2 by Franchise Gator for Top Emerging Franchise brands in 2021
Listed in the top 100 Fitness Franchises by Franchise Connect Magazine
Featured in Authority Magazine as disruptors in the fitness industry
Thoselookingtostartabusinessnow,andspecificallya franchise,cannowfranchiseatechnologyon-demand business.Wearethefirsttomaketechnologyavailableasa franchisemodel.
Thenewgenerationofbusinessownersarelookingfor modernbusinessmodelsandourfranchisemodelis technology-oriented,andwestreamlinealloperations throughtechnology.Anexampleofthisisthatfranchisees donotwastetimerunningpayroll,oursystemautomates thatcompletely
Franchiseownerscanfocustheirprecioustimeonthings thatmatterandgrowthebusinessandnotbestuckinthe operationsofthebusiness.Wearealsodisruptingthe franchiseindustrybybringingtechnologyandSilicon Valleytothefranchisingworld.
Asanestablishedfranchiseleader,whatwouldbeyour adviceforthebuddingentrepreneursplanningtoown franchisebusiness?
Thinkaboutthelifestylethatyouwanttoachieveby becomingabusinessownerandensurethatthefranchise youselectisinlinewithyourgoals.
WithSendMeaTrainer,wedesignedourfranchisemodel tobeinlinewiththemodernwayofdoingbusiness:Work fromhomeoronthego,technology-driven,lowstart-up cost,easilyscalable.
HowdoyouenvisionscalingSendMeaTrainer’s operationsin2022?
Wewillcontinuetogrowourfootprint,bothintheUSand withmoreinternationalexpansion.Beingatechnology company,wecanscalefaster
Ourfranchiseeswillalsolaunchadditionalservice categorieswithinthemarketsthattheirexistingclientsare lookingfor
ComradesExhibitingExcellence BaryandMuhssinEl-Yacoubi(brothers)areCo-foundersof SendMeaTrainer.Baryhasover15yearsofexperiencein entrepreneurshipandstart-upsinthefitnessandwellness industrywithspecializationsinsalesandmarketing.
BaryearnedhisBachelorofScienceinSportsManagement andExerciseScience.Baryholdsmanycertifications includingtheNationalAcademyofSportsMedicine–CertifiedPersonalTrainercertification,Performance EnhancementSpecialist,CorrectiveExerciseSpecialist,and FitnessNutritionSpecialist.
Muhssinhasover15yearsofexperiencein Entrepreneurship,PrivateEquity,andInvestmentBanking acrossmultiplesectorsandgeographiesincluding,the UnitedStates,theMiddleEast,andIndia.
MuhssinearnedhisBachelorofScienceinFinanceand AccountingfromtheMcIntireSchoolofCommerceatthe UniversityofVirginiaandhisM.B.Afromthe Kellogg School of Management at North-western University witha specializationinfinanceandentrepreneurship.
