Buying a Franchise
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…
Is It Time for Change in the Franchise Regulatory System?
Australia recently revamped their franchise system, and Canada has made some changes, too. European regulations change, but the U.S. hasn’t made many changes at all in decades. Franchise lawyer Rupert M. Barkoff wrote in the New York Law Journal that U.S. franchising law has essentially been static since 1979. There…
The Franchise Disclosure Document and You
The Franchise Disclosure Document is a standard document that serves as the basis for your franchise business contract. It also allows you to compare franchise business opportunities more easily, because every franchisor must fill out the same basic information. But it can also be an overwhelming documents, and it is…
MinorityFran/DiversityFran Business Opportunities
Minority-owned businesses account for over 15% of all businesses in the U.S., producing $591 billion in revenues each year and employing 5.9 million workers. When looking specifically at franchise businesses, though, the IFA says that more than 20% of all franchise businesses in the U.S. are minority-owned. For food-related franchise…
New Survey of Franchisors
Online marketing leader Yodle’s new survey of franchisors provides some insights into what franchisors want for those who want to become franchisees. What franchisors want? That may not be top of mind for you as you look for the best franchise business opportunity. You are probably focused on what you…
Can You Bootstrap a Franchise Business?
The expression started out as “pulling yourself up by your bootstraps” — an impossible thing to do, so in the 19th century it meant a tall tale or an impossible claim. In the 1920s, it gained the meaning of succeeding by one’s own efforts or being a self-made man. By…
What You Can Get out of a Franchise Business
Owning a franchise business is different from owning an individual start up business in a number of ways. One of the clearest is the end game. Your franchise agreement is for a specific length of time. An independent start up may hope to be bought out by some deep-pocketed competitor…
Franchise Business Opportunity Promotions
Right now, 7-Eleven is offering certain franchise business opportunities with an amazing promotion — they’re waiving the franchise fee. That can mean a savings of tens of thousands of dollars for qualified franchisees. It’s not long since TCBY and Mrs. Fields were offering a BOGO: both franchises for the initial…
