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Below is an in-depth analysis and side-by-side comparison of Renaissance Executive Forums vs Referral Institute including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $55,400 - $73,300 | $21,300 - $25,800 |
Franchise Fee | $39,500 | $8,500 - $10,500 |
Royalty Fee | 20% | 15% |
Advertising Fee | - | - |
Year Founded | 1994 | 1999 |
Year Franchised | 1994 | 2004 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | $3K | 25% of then-current fee |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Online training | - |
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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
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.
You've heard it before. To grow your business, it isn't necessarily what you know, but who you know that can make all the difference. You can have the best product or service out there, but if no one knows about it, you can't expect your business to grow on its own. That's why it is so important for any business to develop and maintain a strong network of professionals who can help spread the word about its products or services, and refer new customers to the business. At the Referral Institute, we provide the training and tools to help business professionals gain financial success through relationship-based referral marketing. Our Referrals for Life� program is not a numbers game � it is not about spending hours making cold calls, collecting business cards, or developing a huge database of prospective customers. We don't want you to work harder to gain new business�we want you to learn how to work smarter. With the Referrals for Life program, business referrals do not happen by accident. They result from implementing, and then consistently monitoring, a well-organized referral marketing plan. The Referral Institute is an international franchised referral training and consulting company with locations in Australia, Canada, Germany, Ireland, New Zealand, the United Kingdom, Norway, Finland, Denmark, Sweden, France, the Middle East and the United States. At The Referral Institute, we'll teach you how to make all your business relationships become more valuable to you and your business. As a result, you'll not only enjoy an increased quality of life because your business is flourishing, but you will also gain lifelong relationships: Referrals for Life. If you are a motivated business professional serious about moving your business to the next level, don't wait to contact The Referral Institute headquarters near you.