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Franchise Operations

Apr

16

2019

Man sitting in front of his computer with hand-drawn eyes on yellow post-it notes covering his eyes.
How to Spot a Bad Franchise Opportunity

So, you’re going down the black hole of endless research for the perfect franchise opportunity. And for good reason: It would be naive to assume every franchise you come across is a good investment. How do you figure out which is the opportunity with the lowest risk and highest probability…

Apr

09

2019

Group of businessmen and women sitting on chairs and all raising their hands in an office setting.
The Rise of Multi-Unit Franchise Ownership

The franchise industry is seeing rapid growth in multi-unit franchising, and it’s a trend that won’t be going anywhere any time soon. The biggest reason for this is multi-unit franchising provides an opportunity for tremendous (and stable) growth and wealth creation for all parties involved – the brand, franchisor and…

Apr

02

2019

Man wearing black glasses shaking hands with person across him.
Franchising 101: What Is an Area Developer?

As more and more franchises move toward multi-unit growth, area developer franchisees are also becoming more popular. If you’re looking for multi-unit franchise opportunities, you might consider area development. Here’s How It Works Area developers are similar to multi-unit operators except they commit to opening a greater number of units…

Feb

05

2019

Browse this glossary of franchise terms.
Glossary of Franchise Terms

Considering franchising as a business opportunity? Like most industries, franchising has its own language. Familiarizing yourself with the lingo before beginning your search for the perfect franchise can help ease the research process. Absentee Ownership: An absentee owner uses a manager-run model where they hire someone to manage day-to-day operations….

Oct

23

2018

Franchising With a Business Partner

Franchising is a considerable endeavor that comes with its fair share of obstacles and rewards. The question is: Would you rather go it alone or with someone you trust? A business partnership is defined as two or more people who start or expand a business (or franchise) together. It can…

Mar

13

2017

4 Things Franchises Can Teach Independent Business Owners

While running a franchise and running an independent business are two sides of the same coin, there are many differences between the approaches that each take, and each can learn from the other. Here’s what the independent business owner can learn from franchisees. 1. Having Processes Makes Work Streamlined. How…

Mar

06

2017

What Does the Trump Administration Mean for Franchises?

No matter how you feel about our current President, as a franchise owner, you’re probably wondering what changes are in store that will affect how you do business. While President Trump has been anything but predictable in his first weeks in office, we have a few speculations about what’s coming…

Feb

13

2017

Are Franchise Fees And Expenses Tax Deductible?

It’s everybody’s favorite time of year: tax time! [Collective groans from the audience.] In reality, nobody loves tax season. It’s a head-scratching time of year, and entrepreneurs and franchise owners alike always have plenty of questions that relate to their taxes. For example: do you know which of your franchise…

Jan

30

2017

Millennials and Franchises: What You Need to Know

Forget Baby Boomers. The demographic that is quickly forging its own path in the franchise world? Millennials. Millennials, aged 18-34, now outrank the number of Boomers on the planet. And their numbers are turning up in an interesting place: as franchisees. We’re seeing an increase in the number of franchises…

Jan

09

2017

Accounting for Franchises: Tips to Help You Grow

Being a successful franchisee means having at least a general grasp on various aspects of running a business. You might not be an expert in marketing, management, or finance, but being well rounded enough to understand how each of these work will help you thrive with your franchise. Today, let’s…

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