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Franchise Operations

Jul

07

2020

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The Biggest Differences Between Management and Ownership

One of the biggest differences between management and ownership is the financial responsibilities required of a business owner. Both roles require leadership skills and business sense, but we believe that franchise ownership offers day-to-day and long-term benefits that just aren’t part of the package for franchise managers. Read on to…

May

05

2020

Two women shaking hands
How to Hire the Best Employees for Your Franchise

As a franchise owner, you’ll need to build an effective team to help you meet your customers’ needs and your own goals. But how do you find and hire employees you can count on? Discover America’s Best Franchises’ top tips for hiring the best employees for your franchise. Determine Your…

Apr

07

2020

Man with glasses sitting on a window ledge
What Semi-Absentee Ownership Actually Looks Like

Are you considering a semi-absentee franchise ownership opportunity? It can often be the best of both worlds as it allows you to maintain your current career in addition to growing a franchise business. Explore what semi-absentee ownership actually looks like. What is Semi-Absentee Ownership? Semi-absentee ownership is a franchise opportunity…

Mar

03

2020

Mobile Franchising
Is a Mobile or Food Truck Franchise Right for You?

Mobile franchises are a great way to build your own business with fewer overhead costs and more flexibility than a traditional, brick-and-mortar franchise model. But it can also be inconsistent, especially early on when you’re still getting your business bearings. So, is a mobile franchise right for you? Read on…

Jan

21

2020

Daily Financials that Franchisees Need to Keep Their Eye On

Although there can be some complex aspects of financially managing your own business (we’re looking at you, tax season), the financial information franchise owners need to pay attention to every day is pretty simple. At the end of each day, you should know the money that came in, the money…

Jan

07

2020

Two men looking at a computer
3 Ways to Make Your Franchise a Family Business

You can’t choose your family, but if you’re a franchise owner you can choose whether or not they are involved with your business! In fact, 43 percent of small businesses are family businesses according to the National Federation of Independent Businesses. If you are looking to bring your family into…

Jun

18

2019

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6 Reasons Franchise Businesses Fail and How to Avoid Them

As an investment and a point of personal pride, you want your franchise business to succeed. So does your franchisor, your customers, and your employees. So, as you begin your franchise journey, let’s look at some reasons franchises fail and what you can do to avoid them. 1) Lack of…

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…

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