|
Below is an in-depth analysis and side-by-side comparison of Renaissance Executive Forums vs Schooley Mitchell including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $55,400 - $73,300 | $66,500 - And Up |
Franchise Fee | $39,500 | $68,000 |
Royalty Fee | 20% | 8% |
Advertising Fee | - | 2% |
Year Founded | 1994 | 2004 |
Year Franchised | 1994 | 2004 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $3K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | Online training | The training provided comes in various formats. First of all, there is a 5-day initial training course held at Schooley Mitchell Corporate Office - this training can also be done remotely as well. All new Franchisees are required to take the initial training course before they begin work in a Schooley Mitchell Franchise.This training covers the operations, marketing, sales, business building and relationship building processes that are effective for Schooley Mitchell Franchisees. The course includes basic technical training and more importantly, instruction on the use of our reference manuals. It includes instruction on how to use the continuous training facilities through The Warehouse, our Intranet environment as well as two days of training using the actual software tools including live client cases. Each new Franchisee also receives an intensive first year of Business Development Mentoring and Coaching Program. This one-on-one training is comprised of tips, tools and information about Sales, Marketing, Cost Savings Analysis, Operations and The Warehouse. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Ad slicks, Regional advertising | - |
Operations |
Franchise can be run from home. 14% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Average number of employees: Flexible, mainly owner-operator. Franchisee may maintain a sole practitioner status or build as large as desired. Full-time opportunity. |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | Yes |
Renaissance EXECUTIVE FORUMS is an exclusive business concept for transitioning Top Executives, Former Sales Executives and Consultants. We will take you through a qualification process that will give you detailed answers to your questions as well as qualify you into our franchise system. What we offer our Franchisee: The work you do through Renaissance EXECUTIVE FORUMS makes a real difference in the lives of the members you touch. There is no more stimulating and challenging environment for personal and professional growth, both for our members and our franchisees. Through our process you will have the opportunity to facilitate top executives seeking to take their business to the next level. Renaissance EXECUTIVE FORUMS offers a proven business model with excellent sales and marketing tools, world-class training and support that is second to none. Our marketing and operational strategies are innovative and results-driven. We have developed proprietary programs such as the Performance Management Program and Strategies for Success, top rated tools for developing personal and professional goals. Our proven business model can be adapted to your own style and offers the ultimate in flexibility. You’ll have the freedom to work when you want along with the opportunity to earn a solid, stable income while building equity through exclusive, protected territories. Your success is our success and we take every opportunity to help you achieve your goals. This unique business opportunity allows you to help others without the intense travel and transient nature that traditional coaching and consulting generally entail. You will have the control over where you spend your time.