|
Below is an in-depth analysis and side-by-side comparison of Business Round Table vs PRO - President's Resource Organization including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $20,000 | $18,900 - $63,000 |
Franchise Fee | $20,000 | $8,500 - $35,000 |
Royalty Fee | 5-10% | 20% |
Advertising Fee | - | - |
Year Founded | 1991 | 1993 |
Year Franchised | 1998 | 1999 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | Yes/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 |
||
Training | - | - |
Support | Newsletter, Toll-free phone line, Internet, Field operations/evaluations | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
Marketing | Ad slicks | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. |
Franchise can be run from home.
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Rick DesBrisay was a businessman in Moncton, New Brunswick, and a member of the Young Presidents' Organization (YPO), an international network of company presidents under 50 years of age. DesBrisay thought such an organization would be useful to Canadian small-business owners who weren't eligible for YPO membership (companies must have at least 50 employees and sales in the millions).
Business Round Table started in Moncton in 1991. At present, there are more than 125 members. There are 11 Business Round Table groups in Moncton and it is now operating in the greater Halifax area with Paul Roy. Under the guidance of John Schrempf, Business Round Table is now operating in Barrie, ON. Ram Sundar is the latest franchisee in Etobicoke, ON. There are 2 groups in Nova Scotia so far. Membership is open to experienced entrepreneurs (those who have a financial interest in a business for 5 or more years and are involved in the management of it).
Groups of 10 to 12 members meet once a month to discuss business problems and opportunities, then work together to solve problems and build more successful businesses. Franchisees in Canada and now in the United States act as facilitators and teachers for group members.
PRO peer advisory boards for businesses are groups of business owners and local entrepreneurs who meet monthly to pool their experiences and ideas; a CEO Advisory Board. For more than 17 years, small businesses have used PRO peer advisory boards. PRO accelerates your business growth by tapping into the collective wisdom of the group. Benefits of PRO peer advisory groups: You lose that feeling of being alone at the top. You learn that being in business for yourself doesn't mean being in business by yourself. You share your business problems and challenges in a confidential setting with others who have "been there, done that". ..... and much more!