Buying a Franchise
Are You Aware of All the Costs of a Franchise?
Deciding which franchise business opportunities you should invest in requires a lot of research and serious thought. One of the most important areas of the research and decision making process is the financial arena. While franchisors will tell you how much you need to invest, and usually also the net…
CyberSecurity for Franchisees
Some of us head into new ventures with rose-colored glasses and a glass half full mentality. These people are statistically more likely to succeed, if only because they keep going through the difficult times, buoyed up by their optimism. Others see the risks… all the risks, sometimes including risks that…
Planning Your Franchise Exit Strategy
When you decide to invest in a franchise business, you’ll have plenty of serious thinking to do. You may also have some dreams — you may see yourself adding more franchise units till you’re a regular franchise mogul, or you may see yourself riding off into the sunset after a…
Franchises that Appeal to Millennials
The Baby Boomers have been the consumers to care about for a while now, driving high-profit franchise business opportunities like senior home health care and personal spa service boutiques. But the Millennials are nearly as large a generation as the baby Boomers, and they are becoming a purchasing force to…
How Do Franchises Handle Holidays?
Retailers have been getting some media heat for opening on Thanksgiving this year, but restaurants have been staying open on holidays for years. What’s the policy for the franchises you’re considering? Single people and couples may balk at going through the whole turkey and pie routine that large families go…
Defining Success as a Franchisee
You’re planning to be a successful franchisee and to run a successful franchise. How will you know? Without a clear definition of success, you may not recognize it when you see it. Perhaps more importantly, how will you get from here to there? Without a clear definition of success, you…
Franchise Agreement Clauses to Watch Out For
Contracts are important. They protect you and the franchisor in whose business opportunity you invest, and they let you know exactly what you’re in for… if you read them. In fact, not only should you read the contract you sign for your franchise business, but you should also consider having…
Franchise Business vs. A Job
Working for yourself has some significant advantages: business owners tend to earn more, enjoy their jobs more, and One of the things that keeps people from taking the plunge into business ownership is a fear of insecurity. If you work for someone else, they figure, you just go to work…
Health Care Franchise Opportunities
Healthcare in America is changing: As the Baby Boomers age, they need more care, and they often choose to have health care at home. Home health care for seniors is currently one of the highest-profit franchise areas. As insurance coverage changes, more people have access to health care — while…
Investing in an Existing Franchise
In a sense, all franchise business opportunities are existing businesses. No one is going to believe you if you say that you’re opening a Little Caesar’s or 7 Eleven start-up; the whole point of a franchise is that the business is already successful. But there is a difference between starting…