Buying a Franchise
Why Do You Want to Buy a Franchise?
Why do you want to buy a franchise? What are your goals? A surprising number of people don’t have a particular goal. They want to “try it out” or they’ve always dreamed of owning a business or they want to be their own boss. But a new book, Secrets of…
How Will Franchising Affect Your Family?
When you’re getting ready to make your franchise business investment, it makes sense to think about how your life will change once you’re a franchisee. But you may also want to think about how your family’s lives will change. Because they will. Changes aren’t necessarily a bad thing, but even…
Be Confident of Your Franchise Investment
If you watch the law blogs, you’ll see that giant companies like Google, Walmart, and Apple spend a lot of time in court. It should come as no surprise that large franchise corporations also spend a lot of time in court, often being sued by their own franchisees. But a…
Watch Out For The “7 Wastes” – Keep It Lean
Lean manufacturing has been transformational first for factories and then for all kinds of organizations, not only in Japan where the system began, but around the world. The franchise system you will learn when you invest in a franchise is probably already intrinsically lean, since your franchisor has been watching…
Franchisees Face Prison
A group of 7-11 franchisees have been sentenced — in one case to to seven years in prison — and forfeiture of their businesses and personal assets over violations of laws relating to workers. This follows the recent heavy fines for pizza franchise owners in the Northeast, specifically for labor…
Is Your Franchise Business Special?
The whole idea behind a franchise is to apply a specific business system to a business in a new location. You’ll get a system that works, marketing plans and support that work, and day to day operations that work. In return, the franchisor gets fees and royalties. But what if…
Does the Franchise You’re Considering Protect Its Brand?
Back when the U.S. highway system was being built, restaurants along the roadside had a wonderful opportunity — and a serious problem. Some travelers love finding that surprising little place off the beaten path, but plenty like to make a quick stop where they know what they’ll get, and head…
Franchise Business and Risk
Franchise businesses involve risk, just as all businesses do. While there is wide variation in the numbers produced by studies comparing franchise failure rates with those of independent businesses, one thing you can say for sure: lots of small businesses fail, including franchises. The top reasons for failure are not…
Tech Franchise Opportunities
If you have a problem with your car, you call a mechanic. If you’re not satisfied with your lawn, you can call a lawn service. But when business owners or private individuals have a problem with their technology, they often have no idea whom to call. A recent survey of…
Think Twice about Marijuana Franchise Opportunities
Marijuana is completely illegal in 23 states and three U.S. territories. It is fully legalized in four states, and elsewhere it’s complicated. That’s enough legal flexibility that cannabis franchises are starting up. Several different cannabis-related companies, from e-commerce sites to herbal wellness centers, have announced the availability of franchise business…