What the Super Bowl Tells You about Franchisors
The Super Bowl may be an American institution, but it’s also a prime marketing opportunity. Halftime shows feature superstars and the ads not only cost as much as an indie flick, but they also get the kind of social media traction the average indie flick can only dream of. Some…
Is It a Franchise or a Lease?
2014 was an exciting year for franchises from a legal point of view, filled with high-profile cases that hit the headlines. Fortune magazine recently quoted a lawyer who suggested that much of the legal drama turns on one particular issue: the term of the contract. Franchising is a contractual relationship…
Franchise Forecast for 2015
Franchise businesses are expected to drive much of the job creation for 2015. The International Franchise Association announced this week that it expects to see 247,000 more jobs in franchise businesses in 2015, an increase of 2.9 percent. This is just slightly more than 2014’s 2.8 percent job growth. 2014…
Why Would a Franchise Sue a Franchisee?
In a high profile move, global fast food chain Wendy’s is suing one of its largest franchisees. At issue is the franchisee’s refusal to make changes required by the franchisor: A uniform point of sale (POS) system was chosen by Wendy’s in 2012, and all franchisees were required to switch…
Are You Aware of All the Costs of a Franchise?
Deciding which franchise business opportunities you should invest in requires a lot of research and serious thought. One of the most important areas of the research and decision making process is the financial arena. While franchisors will tell you how much you need to invest, and usually also the net…
CyberSecurity for Franchisees
Some of us head into new ventures with rose-colored glasses and a glass half full mentality. These people are statistically more likely to succeed, if only because they keep going through the difficult times, buoyed up by their optimism. Others see the risks… all the risks, sometimes including risks that…
Planning for Franchise Change
Say you’ve been looking at franchise business opportunities for a while. You’ve visited locations, requested information, examined documents, asked questions, done a lot of soul searching, and finally you find the franchise that you know will be the perfect fit. You’ve looked thoroughly into the system this franchise uses in…
Planning Your Franchise Exit Strategy
When you decide to invest in a franchise business, you’ll have plenty of serious thinking to do. You may also have some dreams — you may see yourself adding more franchise units till you’re a regular franchise mogul, or you may see yourself riding off into the sunset after a…
The Hottest Franchise Businesses for 2015
Recent reports have revealed the franchise business sectors that are showing the fastest growth right now: Quick service restaurants, including both traditional fast food places like McDonald’s and also the newer “fast casual” sit down restaurants, are in the lead. Over 20% of Entrepreneur’s Franchise 500 are in this category….
The Hardship-Inspired Franchise?
While the economy is on the mend and employment is on the rise, there are still millions of people out of work. Some are still looking for jobs, some have gone back to school, but for many experienced workers who left their last job with a golden handshake, starting a…