Buying a Franchise
Franchisees Must Cope with Change
What song do you love to sing in the shower? “Somewhere Over the Rainbow” could be a great choice for a franchisee, focusing as it does on dreams coming true. But if “I Did It My Way” is your theme song, you might not be ready for franchising. Franchisees have…
California’s New Law
California Governor Jerry Brown signed Assembly Bill 525 into law on October 11, 2015. The provisions of the law include many new requirements for franchisors: They must provide a written explanation when they terminate a franchise agreement. They must repurchase the franchisee’s assets (less depreciation) when they end a franchise…
The Right Time to Buy a Franchise Business
When is the right time to invest in a franchise business opportunity? When you have plenty of free time. That time might be available to you because you’re unemployed or retired, it might be because you’ve just finished college and haven’t yet decided on a career path or found the…
Organizing Your Franchise Business Search
Some franchise investors have one franchise opportunity in mind from the beginning, but for many people, deciding on the perfect franchise business is a lengthy process. You might look at franchises in different fields, or companies that operate in different ways. You might look at multiple options before you decide…
Franchise Success Rates
Choosing a franchise opportunity is a big decision, and big decisions are usually risky. So it’s natural to try to get some kind of idea of your chances of success before you take the plunge. Natural, but not easy. Ask Google about the success rates for franchises and you can…
7 Advantages of the Franchise Business
Business owners are happier, statistics show, than people who work for someone else. The reasons for this are not completely clear — usually that question is left to speculation after the report of the research results. Here are seven great things about being in business for yourself that might be…
Is It Time To Buy A Franchise?
Laurie was heading briskly to her car when she answered a phone call from her friend Angela, but very soon she had stopped in her tracks. “Trevor called me and said they wanted to sell and I should decide today,” Angela said, sounding worried, “but I’m so busy! I have…
Franchisee Conferences: What’s the Value?
Snap-On’s franchisee conference brought more than 8,000 franchisees together in Washington, D.C. this year. They roamed through a product expo, attended seminars on how to improve their businesses, and got hands-on training for new techniques. Many franchisors offer this kind of event annually. Is it worth going? Is it worth…
McWhopper for Franchise Peace Day Efforts
Burger King made a proposition to McDonald’s: a cooperative burger to commemorate September 21st, National Peace Day. The concept is simple. One of the most intense rivalries in the world makes an extremely public gesture of friendship. At one pop-up location, in Atlanta, Georgia, halfway between the two companies’ main…
Is Your Town Business Friendly?
When you plan to invest in a franchise opportunity, you’ll look at varying criteria. One thing that should be on your list — but isn’t about the specific franchise businesses you’re considering — is the business friendliness of the town or neighborhood where you’re planning to locate the business. What’s…