Buying a 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…
Franchisees and the New Menu Rule
New national menu rules went into effect in December, so fast food and fast casual franchises have had a couple of months to figure out the new rules and how to apply them. That doesn’t mean everything is settled. Congress now requires restaurants and places serving “restaurant type” food to…
Franchising Rules!
You might have read that title as an exclamation – an elated cry of, “Franchising rules!” – summing up all of your feelings towards the franchise business model. There is no doubt that owning a franchise can be a great thing, but the goal of this article is to make…
10 Reasons to Invest in a Franchise Business
Whether you’ve cashed out from an investment and you’re looking for your next win or you’re starting out in life and you want to make your backer proud, franchise businesses are great options for investors. Here are 10 reasons you might choose a franchise business: Franchise businesses are proven moneymakers….
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…