Buying a Franchise
A Good Franchisor/Franchisee Relationship Requires Faith
A franchisee who has FAITH in their franchisor, arguably, owns one of the best relationships in business. A franchisee who doesn’t have faith in their franchisor has one of the worst relationships in business. Faith is an extremely valuable thing in the franchise world and both franchisees and franchisors should…
What’s It Like to be the First Franchisee In a Region?
The experience of one coffee franchise owner provides a lot of insight into the decision-making process for people who are planning to buy a franchise. This businessman was the first franchisee in his state for a well-known chain of coffee shops. He jumped in with no proof that this company…
College Hunks Hauling Junk and the Benefits of Good Marketing
When you’re deciding among franchise business opportunities, one of the questions you ask has to be, “Does this company have effective marketing?” One of the advantages of a franchise compared with an independent start-up business is the national name recognition. You’ll want to make sure that the company you choose…
Some Franchise Businesses Have Trusted Names: So What?
One of the things you buy when you buy a franchise business is a trusted name. True Value, a hardware chain owned by its 3,000 owner-operators (for this reason, True Value describes itself as a co-op rather than a franchise, but the process is essentially the same) is the third…
Incorporate Your New Franchise Business
If your thinking about buying a franchise, you, undoubtedly, have a lot on your mind – and incorporation should be one of those things. When you incorporate your new company, the business will become a legal entity and have its own identity. Just as though the business were a different…
Millennials Should Consider Franchise Businesses
BY BILL BRADLEY, Founder/CEO, America’s Best Franchises February 7, 2013 About 14% of Americans own their own businesses – but more than half want to. About 61% of all Americans would like to be their own bosses, or have at least thought about starting a business. That’s Americans from age…
Franchises Aren’t Local — Or Are They?
BY BILL BRADLEY, Founder/CEO, America’s Best Franchises February 4, 2013 If your neighborhood has hopped on the buy-local bandwagon, does that make it a bad time for you to think about investing in a franchise business? Not necessarily. Some national franchises are never viewed by customers as a local business,…
Are You Thinking About Buying A Franchise?
BY BILL BRADLEY | January 15, 2013 If you’re thinking about buying a franchise, you’re likely questioning your readiness or the timing of the decision. You may even have some self doubts as to whether you would make a good franchise owner. Are you truly a good candidate for franchise…
Franchises Fail – Steps to Help Prevent It From Happening to You
BY BILL BRADLEY | January 11, 2013 Have you weighed the benefits of buying a franchise vs. buying an independent business? If you’re unfortunate enough to have read a Department of Commerce study published in the mid 1980’s, you may be under the false impression that 94% of franchise businesses…
