Buying a Franchise
Franchise Business Prices
When you’re looking for the best franchise business investment for your specific needs, you pay a lot of attention to some prices. The initial start up costs of the franchises you consider, for example. The prices of labor and supplies and marketing probably are on your mind from the beginning….
Franchisee Protection Bills in Congress
Franchisee protection bills have been introduced in some states, but now there are two in Congress. Both were introduced by Keith Ellison, a Democratic Congressman from Minnesota. The Fair Franchise Act of 2015, H.R. 3196, is intended to provide minimum standards for “fair conduct” and to add a requirement of…
Franchisees Getting Involved with the Community
Successful franchisees know that they can’t leave all the marketing efforts to the franchise corporate office. When you think about which franchise business opportunity to choose, you should consider what kind of marketing strategies will work for each franchise you consider, and what resources you have in those areas. One…
Franchise Business Renewals
Do you really have to think about renewals when you’re looking for a franchise business opportunity to invest in? You should. You can find sad stories about franchising, and quite a few of them center on renewal. The franchise was great, the franchisees were happy, and then it came…
Your Franchisor, Your Friend?
Should you be friends with your franchisor? In the first exciting discussions, when you may be talking to salespeople and current franchisees especially recruited to help persuade you to choose a particular franchise business opportunity, you might feel like you have made friends. Lots of friends, even. If you’re getting…
Franchise Jobs on the Rise
The ADP National Franchise Report for June 2015 says that 28,800 new jobs have been created by franchise businesses in June of 2015. Restaurants and automotive businesses showed the largest numbers of new jobs, but the infographic below shows that many segments of the franchise industry added new jobs in…
The Franchise Supply Chain
When you think about your franchise investment, you may see yourself welcoming customers into your franchise or relaxing on the boat your franchise business will buy you. You should also be thinking about your supply chain. The supply chain of your franchise business includes every step of the journey from…
Franchise Group Purchasing: Plus or Minus?
When you’re looking for the best franchise opportunity, one of the differences you’ll notice among franchisors is the question of suppliers. Some franchises get great rates from vendors through group purchasing arrangements, some have rules about which companies franchisees can buy from, and some sell directly to franchisees. You…
Franchises Handling Change: Pizza Hut vs. McDonald’s
Both Pizza Hut and McDonald’s made big changes in their menus recently. And both have seen falling revenue: Pizza Hut’s 2014 figures were down 5% compared with 2012, and McDonald’s was down 2%. Pizza Hut decided to go trendy with Flavors of Now, offering gluten-free pizza, Peruvian peppers, and spiral-shaped…
Franchise Success: Who’s Responsible?
As you research franchise business opportunities, you have some specific questions in mind. Some may be unique to you, but nearly everyone wonders, “Will I succeed? Will I make money? How much will I make?” Success and security are on your mind because you’re making an investment. You’re choosing…