Franchise Technology
Some older Americans aren’t as tech savvy as younger people: 41% don’t use the internet at all and 23% don’t have cell phones. Some younger Americans aren’t as tech savvy as we think they are. American 20-somethings are good with computers in the same way they’re good with electricity because…
Understanding Franchise Royalty Fees
A franchise business opportunity will always involve upfront costs. Some will go to the franchisor and some will simply be the costs of opening a business — rent, wages, inventory, supplies, utilities, and so forth. There will also certainly be ongoing costs, both the direct costs of the goods and…
Franchises and Noncompete Clauses
Do the franchise businesses you’re thinking about buying into include non-compete clauses in their contracts? A non-compete clause places legal limits on the kind of work those who sign it can do. For example, an auto service franchise might require franchisees to agree that they cannot open another auto service…
How Do Franchises Handle Holidays?
Retailers have been getting some media heat for opening on Thanksgiving this year, but restaurants have been staying open on holidays for years. What’s the policy for the franchises you’re considering? Single people and couples may balk at going through the whole turkey and pie routine that large families go…
Minimum Wage Campaigns and Franchisees
The Wall Street Journal recently predicted that minimum wage campaigns would heat up during the holiday season, and that franchisees in particular would be affected. The president would like to see the national minimum wage increased, but states and cities are making legal changes on their own, and protesters are…
Who’s the Boss (of Your Franchise)?
The National Labor Relations Board declared earlier this year that a franchisor and franchisee could be considered “joint employers” and share the responsibility for treatment of workers, as well as the potential liability. Legal cases around the country have been bringing that issue to the attention of franchisors and franchisees…
Rich Habits for Franchisees
In his popular book, Rich Habits – The Daily Success Habits of Wealthy Individuals, Tom Corley tells how he spent five years studying hundreds of rich people and poor people, in search of the secret of financial success. It’s fair to say that franchisees and people planning to invest in…
Want to Be a Franchisee When You Grow Up?
You’re probably here at America’s Best Franchises because you’re interested in owning a franchise business. We have a phenomenal selection of franchises to explore, including new franchises and inexpensive franchises. With just a few clicks, you can get information about a broad range of franchise business investments in your price…
Can You Build a Franchise Without Employees?
Employees are high on most lists of business owners’ concerns, whether they own a franchise business or some other kind of company. Look at all the issues that come with employees: Recruiting qualified workers often involves placing and paying for ads, maintaining “Careers” pages at a website, or actively networking…
Defining Success as a Franchisee
You’re planning to be a successful franchisee and to run a successful franchise. How will you know? Without a clear definition of success, you may not recognize it when you see it. Perhaps more importantly, how will you get from here to there? Without a clear definition of success, you…