Choosing the Right Franchise
The Top 6 Franchise Industries Right Now
Where do you start? You’re ready to embrace the freedom and excitement of owning a franchise, but how do you know which one is for you? There are many franchise opportunities available but not all of them are created equal. The top franchises to own are those that: Show a…
Choose the Right Franchise Relationship For You
Franchises are growing so much that you can probably find a franchise option for almost any kind of business you’re interested in these days. In fact, you can probably find multiple options. If you’ve made a spreadsheet and you’re still having trouble narrowing down the choices, maybe you need to…
A Healthy Franchise System
Wouldn’t it be great if you could tell for sure which franchise business opportunity would be a winner, and which would not — before you made an investment? A new study might help make that a reality. FranchiseGrade conducted a study of seven years of data from 243 franchises, and…
Franchise Success Requires Differentiation
As you’re searching for the perfect franchise business operation, you might find yourself thinking, “Gyms are so popular — I should invest in a gym!” or “Look at all the coffee shops — I should open a coffee shop.” Herd thinking is one of the most natural thought patterns for…
Choosing a Franchise: Goods or Services?
Are you passionate about puppies? Do you dote on doughnuts? Often, the choice of which franchise business you should invest in comes down to the industry it’s in. You care about cars, so you naturally think of an automotive franchise, or you have experience with e-cigarettes so you head for…
How to Organize Your Search for a Franchise
In the new Netflix show Frankie and Grace, Frankie explains how she and her husband decided to say yes to everything one night and ended up buying a Del Taco franchise. “How did that happen?” her friend Grace asks. “Someone asked us, ‘You wanna buy a Del Taco franchise?'” explains…
Why Franchise?
Why do companies decide to franchise their business? The most obvious reason is that it allows a company to grow their business without taking all of the financial risk. Instead of investing in a new location and hiring a manager, bearing all the costs of building and growing their new…
New “Joint Employer” Ruling from NLRB
The National Labor Review Board, which ruled that McDonld’s is a joint employer with its franchisees, has handed down another decision which could affect franchisees. In the new ruling, a waste control company was designated a joint employer with the staffing company that provides them with workers. The waste management…
Identifying a Successful Franchise System
FranchiseGrade.com has a new study which seeks to identify the franchises that are heading up — and those that are heading down. Having this kind of information as you choose the best franchise opportunity for you will certainly be handy! How close can they get to an accurate valuation? The…
Franchise Business Goals: Does It Take Two?
One of the most important things to do when you get ready to invest in a franchise business opportunity is to determine your goals for the franchise. Do you want a side gig that will let you earn money and have fun while you’re in school or raising kids or…