Buying a Franchise
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…
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…