Buying a Franchise
5 Franchise Myths (and the Real Truths of Franchising)
Make one mention that you’re interested in starting a franchise and chances are, you’ll be hit with a tsunami of advice. Many times, this advice is laced with myths about franchise ownership. Here are five common franchise myths and the real truths about franchising that you need to know as…
5 Signs You’re Meant to Be a Franchise Owner
You’ve got the passion and drive it takes to run your own business, and you’re considering buying a franchise as a feasible option. It’s important to note that running a franchise is a bit different from running an independent business. Both have their own benefits and drawbacks. But if the…
What to Pay Attention to in the Franchise Disclosure Document
When buying a franchise, the franchise disclosure document is one of the most important elements of the process, so it’s important to know what to expect and what to look for. What It Is The Federal Trade Commission requires all franchisors to provide this document and include 23 specific elements…
5 of the Best Low Cost Franchises You Can Start for $25,000 or Less
It’s a common misconception that buying a franchise costs a fortune. Many people with dreams of business ownership can get started without having to pay an extraordinary price tag. If you’re looking for an affordable way to get started, here are 11 of the best low cost franchises available. (more…)
The Most Common Frustrations When Buying a Franchise
You’ve made your decision! You’ll finally pursue the path you’ve wanted to for so long and buy a franchise. After reading stories about the benefits of franchise ownership and talking to fellow franchisees, you’re convinced that this is the right match for your lifestyle. But before you embark on your…
Could 2016 be the Year of Small Business Loan Relief?
The number of loan applications being approved by big banks has peaked. In 2015, it was at 22.8%, which is a post-recession high, according to the Biz2Credit Small Business Lending Index. To close out 2015, the Federal Reserve announced they would raise interest rates for the first time since the…
The Pros and Cons of Owning Multiple Franchises
When you first open your franchise doors, you’re probably only considering opening one location. That’s the case for many franchise owners until they get a taste of the success that can come along with this career path. To continue the same success, many franchisees start to consider owning multiple franchises….
Avoid These 5 Mistakes New Franchise Owners Make
Considering opening a new franchise? You’re not alone. Franchise ownership is hot for a lot of reasons. You get to be your own boss, giving you more freedom and flexibility in your career. You also get a valuable head start when beginning your new venture because much of the market…
5 Reasons for Buying a Franchise That Your Family Will Agree Make Sense
Struggling to convince your family that buying a franchise is the right decision for you? You’re not alone. Making a big investment, such as buying a franchise, is a major life choice. Not only do you need to ensure you have everything in place financially to own a franchise but…
Use the 2015 Franchise Report as Your Franchise Buying Guide
The economic impact of retailers is undeniable, according to a 2015 study by PricewaterhouseCoopers, LLP. Through retail, 42 million jobs are supported, $1.6 trillion are paid out in labor wages, and the GDP benefits by $2.6 trillion annually. There are approximately 29 million jobs in retail and 11.5 million of…