What Multi-Brand Franchise Ownership Actually Looks Like
Whether you are looking to expand your franchise portfolio or looking to start your first franchise venture, multi-brand franchise ownership could be an option for you. Explore what that means — and what it entails — for multi-brand franchise owners. Multi-Brand Franchise Ownership Multi-brand franchise ownership is exactly what it…
Daily Financials that Franchisees Need to Keep Their Eye On
Although there can be some complex aspects of financially managing your own business (we’re looking at you, tax season), the financial information franchise owners need to pay attention to every day is pretty simple. At the end of each day, you should know the money that came in, the money…
3 Ways to Make Your Franchise a Family Business
You can’t choose your family, but if you’re a franchise owner you can choose whether or not they are involved with your business! In fact, 43 percent of small businesses are family businesses according to the National Federation of Independent Businesses. If you are looking to bring your family into…
2020 Franchising Trends
As 2019 comes to an end, let’s take a look ahead. What trends and changes can we expect to impact the franchising industry in the coming year? Read on to find out which 2020 franchising trends we’re keeping an eye on. The Integration of Tech Technology is an increasingly important…
What Happens at Franchise Conferences?
Franchise conferences and conventions can be a great resource for franchisees or anyone exploring franchise opportunities. In addition to being an excellent learning experience, franchising conferences are a chance to meet other franchisees or franchise representatives. But a lot happens at conferences. And it can be overwhelming. We have your…
How Creative Can You Be With a Franchise?
One of the benefits of being part of a franchise system is having a path set out for you. But one of the benefits of business ownership is being able to do things your own way. Is that even possible within a franchise system? Short answer: yes! There are ways…
How to Get Involved In Your Local Business Community as a Franchisee
One of the benefits of being a franchisee is the community you’re a part of; you’re connected with the other franchisees in your organization. But most of those franchisees will be in other territories or markets. Connecting with other members of the business community, at the local level, is a…
Should Your Franchise Be On Social Media?
Social media has evolved. It’s no longer just a tool for connecting with old friends or sharing vacation photos. More than ever, social media allows customers to interact with businesses – and for businesses to interact right back! Many brands have corporate accounts on various social media platforms, but that…
Mompreneurs: Franchising and Child Rearing Can Coexist
Often, work-life balance is treated as a myth. But it’s possible. Franchising is one way a supermom can also be the boss. One of the biggest perks of becoming a franchisee is the freedom. Many franchisees set their own hours, work from home or have their kids work in the…
To Partner Or Not to Partner?
There’s safety in numbers. Right? Choosing to franchise with a business partner can seem like a safe choice. There’s someone to contribute to the franchise investment, someone to share operational responsibilities with plus an extra perspective and skillset. Business partners can make franchising less risky but they can also add…