Roadmap To Franchise Success

Franchise Ownership Guidance

Buying a Franchise

Oct

21

2014

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…

Oct

10

2014

How Much Do Franchisees Make?

How much can a franchisee make, on average? It depends who you ask. Last year around this time, Entrepreneur Magazine undertook a special study on the income franchisees make. While they came up with some averages — over $80,000 in profits for restaurants, for example — they also focused on…

Sep

25

2014

Franchising with Your Family?

Fox Business recently wrote about a new trend: franchisees bringing their kids into the business. It’s hard to think of bringing a second generation into a business as a new thing. From the family farm to the family firm, the restaurateur whose daughter waits tables to the tradesman who puts…

Sep

17

2014

3 Keys to Franchise Success

A survey of successful individuals turned up three essential factors that all of them had in common: They were all hardworking. They were all passionate about their work. They all gave back to the community. Is this a recipe for success? Does it apply to franchisees as much as to…

Sep

15

2014

Choosing a Franchise: Think Like a Customer

Should you choose a franchise that you love to visit or where you love to shop? Yes and no. On the one hand, one of the big mistakes business people make is believing that they represent their typical customer. Hint: you’re not. Not only are we not always members of…

Aug

29

2014

The Franchise Model Makes a Difference

We know the benefits of the franchise model for business: franchisees use a tried and true model for business, benefiting from the experience of the franchisor as well as the support and economies of scale that come with the franchise system. But a new book called The Solution Revolution, by…

Aug

20

2014

Service Franchise Business Opportunities

Increasingly, businesses in the U.S. are moving toward services, not goods. Many things that we used to buy as goods, such as music, newspapers, and movies, we now consume as services instead. We’re more willing to pay for services, too. Whether it’s a spray-on tan or financial counseling, Americans buy…

Aug

15

2014

Profits, Revenue, and Franchise Businesses

  New business owners sometimes get confused about the difference between profits and revenues, even if they know the definitions of both words. Here’s the basic explanation, to be sure we’re all on the same page. You sell items that cost $10.00. Keeping the doors open – paying staff wages,…

Aug

13

2014

Does the Franchisor’s Web Presence Help You or Hurt You?

  When you’re choosing the best franchises for your review, you’ll do plenty of research, including online research about the franchise. When you look at the franchisor’s website, though, you may need to look at it from two different points of view. A good web presence is good for you….

Aug

08

2014

Franchise Choice and Shiny Things

Some people call it “Bright Shiny Object Syndrome” and some just say they’re easily distracted by shiny things, but most of us can recognize the phenomenon. Sometimes we get distracted by the newest, the coolest, the most popular — or just the thing that pops up most in our social…

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