Buying a Franchise
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,…
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….
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…
Does the NLRB Ruling Mean the End of Franchises?
The Wall Street Journal reports that the National Labor Relations Board has determined that McDonald’s — and presumably other franchisors — can be considered “joint employers” with their franchisees. This has implications for franchisors: Franchisors may now be held liable for the actions of their franchisees, even if the franchisees…
Choosing a Franchise Business: Home Based or Not?
The scene is a corporate office, and the character says, “The guy works from home.” The scene quickly shifts — you know you’re about to see the man working from home, but what exactly are you expecting to see? It could be a powerful yet laid back hero on his…
Just One Franchise: Liquid Capital Financing
Banking as an industry is going through some changes. More people are “unbanked” or prefer alternatives to traditional banks, and alternative financial services are flourishing. Organizations from Walmart to the Post Office are stepping in to provide financial services, and Liquid Capital offers franchisees an opportunity to get in on…
Franchise Laws Overseas Change– Should U.S. Follow Suit?
Franchise business arrangements are covered by laws in every country. Several nations, including Australia and the U.K., have recently updated theirs. Should the U.S. do the same? Franchises are governed in the U.S. primarily by the U.S. Federal Trade Commission (FTC). The definition of a franchise includes three elements:…
KPIS for Franchisees
Before you invest in a franchise, you do plenty of research, looking at the financial health and performance of the corporation and of individual franchises. How will you measure the health and performance of your own franchise business? Some franchises provide more help with this question than others. HuHot, for…
Just One Franchise: Sew Fun Studios
Take a renewed interest in making things, post-recession thrift, and the rise of individual style and you’ve got a perfect recipe for a DIY trend. Home sewing is turning up at Pinterest, on blogs, at YouTube, and now in a new franchise business opportunity called Sew Fun. Sew Fun…
Why Are Franchisees Suing Franchisors?
Lots of reasons, actually. Every day, it seems, there’s a new lawsuit against a franchisor… and as often as not it’s the franchisees bringing the complaint. If you’re considering investing in a franchise business opportunity, you have to be wondering: Should I avoid franchises that have been sued? Are these…
