|
Is a license the same as a Franchise?
No, frachises have different structure - our Licenses are designed more as a partnership than a Master/Slave relationship as with a Franchise. Our Licenses are tailor made to suit your ambitions in your territory.
|
|
How Expensive are the Licenses?
Everything is on a case by case basis. The cost of the License is determined by the size of the territory, the demographics of the territory and the maturity of the market. It is important to bean in mind that buying and running a terrritory is a business commitment, and the cost of the License is just one part of the equation - it is vital that resources are made available for promotions and fundamental expenses such as a phone, office etc.
|
|
What will Noble Manhattan provide?
In essence, we are providing 'Business in a Box'
We provide extensive services and backup starting from your application through to completion of the License.
As an example (and there are more) - we provide:
-
Full admin and guidance from HQ via teh internet
-
Print ready materials templates for you to produce brochures etc locally
-
Full documentation on all products and services
-
Ad hoc guidance including business advice
-
Full accounting/reporting templates
-
Pricing structures and funding resources
-
Supportive payment terms
-
Initial comprehensive training
-
Full sets of course materials
-
Access to all of our intellectual property
-
Full delivery on your behalf of the courses
|
|
Gerard O'Donovan is the 'public face' of NM - will Gerard help at all?
Very much so - Gerard and all the team. In fact, the Licensees we already have found that before, during and after launching Gerard 'flying in' to do Introduction Days etc really kick starts the business PR and sales can and have been created around such Events, which can be profitable.
Over time, we are developing a central resource for all Licensees where ideas, resources etc can be shared - this will create bigger and strong businesses and will be available to all Licensees.
|
|
Which Products and Services can I sell?
Any and all of them - this will be reflected in the cost of the License, however, you will generate more sales by having the full portfolio of Products/Services on your books. You would receive full training on all products/services prior to your Launch. We have a full Overview of all Products and Services and of course a comprehensive description is accessible via our web site.
|
|
What previous experience do I need?
We find attitude is the most important factor -
certainly taking on a Licence is a very sales based exercise; we have the Products and Support - you will contribute your drive, enthusiasm and resources. Alternatively, you may wish to appoint a Sales and Marketing Manager/Team and you may wish to 'oversee' operations.
|
|
Is the License Targeted - ie do I have to produce a certain number of sales?
This is something we design alongside you - again, it depends on the size and demographics of the area, your ambitions etc - we want to create a win all round, and as part of that, the targets illustrate how much profit you can make. By scoping out targets or sales, you can plan your business efficiently and ensure you become profitable as soon as possible
|
|
What happens if Targets are not met?
We would review everything together. We make a big commitment to our Licensees and therefore we are keen to support, encourage and reward. We want to have successes in each territory therefore we would study your business closely alongside you and explore what changes could be made to increase business. Obviously time and resources are put in from your side and these must be financially supported and planned in. Taking on a Licence is like buying a high street business - it is a commitment and very exciting at the same time.
|
|
Can I run a Licence Part Time?
A License is a full time commitment, however with careful planning and support ie a Sales manageer, you might be able to work part time on a the business, however as a minimum it is best to plan for at least 2 full time people, (this could be 1 full time, you part time and another part time) Again, we will guide you on this at the point of your Application
|
|
Can anyone take on a Licence?
In thoery yes, in practive no. We have a careful screening process, and we want to welcome Licencees who are really in tune with our Values and Standards - People who are passionate about Coaching and related services and in particular, passionate about Noble Manhattan.
|
|
Are all Licence Businesses run in English?
For the moment yes, however, once you are established in your territory Noble Manhattan will work with you to help you to translate materials and train local trainers to deliver the work. In the early stages you will find that fluent English is essential. Migration to local language would be planned with you.
|
|
Do I have to be a Coach to buy a licence?
A strong interest in the benefits of Coaching is vital as a Licence you can also study to become a leading Coach - If you are already a Coach this is an added bonus for you
|
|
Would my Licence be exclusive?
Yes, you would be the only Licence Holder in that territory. (City/Town/Region/Coutnry) Any enquiries received by Noble Manhattan would be sent on to you for servicing - this adds to your sales pipeline. We have very inventive virtually free marketing methods that create a steady stream of sales enquiries.
|
|
Can I Coach people and companines in addtion to holding a Licence?
Yes, in fact as the 'Head' your your Region you can find that your Coaching business grows as clients will want to talk and work with the 'Leader' in that Region. This also helps you offset the cost of the Licence purchase
|
|
Do I need to have credit card facilities?
No, we can provide these to help you secure sales in the initial stages. Also we can guide you on local funding options and explain how to secure these to secure more sales
|
|
Can I deliver training myself?
Over time, you and your team would be trained to deliver the Noble Manhattan materials, this increases your profit for all of us that standards are maintained to keep our Brand as the market leader
|
|
If my Licence is very profitable can I purchase another?
Yes, you can, in fact we would encourage this, as particularly if it is within the same territory (ie an addtional state or region) - the launch and learning curve would be quite small for you to start up and then develop a business. This again is something we would discuss with you and would form part of your 1 - 5 year business plan.
|
|
What if I do not have a Business Plan?
One of the conditions of the Licence is that you create and show us a detailed business plan - this enables us to work together as a partnership and for us to support where required. Clear goals and time markers underpin success and we can assist you in the planning too.
|
|
How would I report to you?
We have a range of Reports that you would complete and submit on a regular basis - this is one of the conditions of the Licence and exists to enable us to see where we need to provide support and for you to also measure your business on a month to month basis. Its easier to turn a racing yacht than an ocean liner, so picking uptrends, areas for fine tuning in the early stages creates a climate for results and profits, rather than leaving problem areas for too long - if you are profitable we are happy as we too would then be earning royalties from the territory
|
|
What are the Pricing Structures for the Products etc?
We will guide you through this as we have a wide range of products. Essentially you are 'buying wholesale' and then 'retailing' our courses. The gross profit margins are generous and payment terms are designed to be supportive rather than onerous.
|
|
In addition to the Application, what else would I need to do in the early stages?
It is important for you to have finance available to purchase Licence and to fund your fledgling business. When we have all agreed to work together and have contracted under Licence, you will receive a Pre-Training pack for you to become familiar with Noble Manhattan. This way when you, and your team, come to the full Licensee training, you already have information, knowledge and an understanding of how we operate. At the training we can then go into greater detail, based on this pre-Launch work.
|
|
How often do you run the trainings and where?
At the moment, we run Licensee trainings every 12 weeks in or around London. We can quote for flying a training team to you. UK based training costs are included in teh Licence fee for you and a certain number of your team. Trainings run in your Territory would be quoted on an individual basis.
|
|
What equipment do I need to run a Noble Manhattan Licenced office?
A high speed reliable computer with full internet connection. Efficient telephone sytem, basic stationery and equipment such as scanner, copier etc. For meeting rooms, organisations such as Regus can assist, a Licence can, if necessary, be run from your home office, with Regus as a back up.
|
|
Would the Noble Manhattan Licence be under my name?
If you already have an established business we would co-brand with you as the Noble Manhattan name is major business advantage. All materials would show our name and brand.
|