Aspiring entrepreneurs ask themselves whether they should choose a franchise, do a start-up on their own, or buy an existing independent business.
Read MoreTurning a successful business into a successful franchise system is definitely not a key to instant wealth.
Read MoreOne of the most important aspects of any franchise system is the training program.
Read MoreYou've decided you want to get into business ownership and alk away from Corporate America, congratulations!
Read MoreAnalyzing your competition as a franchisor comes in two forms. The franchisor will of course need to understand who their competitors are in the marketplace.
Read MoreMany entrepreneurs who are considering franchising their business think they will sell territories, make millions, and sail into the sunset.
Read MoreTHE FOOD SECTOR MAKES UP ABOUT A THIRD OF ALL FRANCHISES - A HUGE percentage for a single sector! So it's no wonder that when many people think of franchising, they think of food.
Read MoreShould I purchase a franchise or go it alone with a business? This is a question ev-ery potential franchisee should think long and hard about - along with the franchises being considered - before deciding whether to buy.
Read MoreAn emerging brand can be an exciting and lucrative option for true entrepreneurs, who want to get in early and be a part of the exciting, and sometimes frustrating, early-growth periods.
Read MoreService businesses have created a haven for people looking to leave the white-collar business world and own a blue-collar business.
Read MoreFranchising's community outreach has a long-lasting effect on their surrounding areas.
Read MoreThere's a lot to consider before franchising a business. Today more than 3,000 franchise systems cover 300 different business types and account for over 745,000 franchise establishments.
Read MoreIn Mark McCormack’s book, “What they Don’t Teach You at Harvard Business School” he discusses a study conducted of Harvard MBA grads between 1979 and 1989. Graduates were asked if they had set clear, written goals for their future. 84% had not, 13% said they did have goals but surprisingly only 3% had actually written them down. Ten years later in 1989 they went back to these grads and found that ...
Read MoreThere are many critical stages to researching a franchise and determining if it’s truly the right opportunity for you, but few are as valuable as a stage called validation. This article will explain what validation is and what questions to ask, but also how to really read between the lines, filter your responses and truly determine if a particular franchise is a model you can not only be successful with, but ...
Read MoreWith over 4,400 franchise opportunities to choose from researching for the best opportunity can be a confusing and overwhelming task. Before deciding which franchise is the best fit for you, it’s important to determine which franchises are best for anyone and truly provide a proven successful business model. While there are many factors used in determining this, one key element I look at is a concept I ...
Read MoreIn dealing with clients, without a doubt the most common objection to choosing to purchase a franchise is the concept of paying a franchise fee. To many, especially those that have never owned a franchise, the concept of paying a franchise fee can be puzzling, overwhelming and sometimes even borderline insulting. Before I address the value in franchise fees and some tips on comparing them, I'd first like ...
Read MoreFor most owning a franchise offers numerous advantages over an independent business. Things like brand awareness, proven business model, initial training, ongoing support, etc. When researching a franchise these are all things you need to consider but of them all there's one that needs to be at the top of your list... A serious marketing machine!
The truth is most of us can be taught to do ...
Read More