Franchise Operations
5 Things to Do Now to Be Financially Ready for a Franchise 2017
If 2017 is the year you plan to become a franchise owner, don’t wait until the new year to start your preparation. In addition to these administrative tasks that will set you up for success in your new franchise, there are measures you can take to ensure that either you…
4 Things to Do Before You Open Your Franchise
While you’re already looking forward to all the rewarding work (and profit) you’ll have once your franchise launches in a few months, you’ve still got plenty of work to deal with before you even open your doors. Use this as your checklist to ensure that you’re ready to operate when…
How to Find the Right Location for Your Franchise
It’s true what they say: location is everything when it comes to a brick-and-mortar store. In fact, not paying attention to location is one of the top reasons businesses — particularly restaurants — fail in their first year. Where Franchisees Go Wrong in Choosing a Location Before we get into…
Tips for Writing Your Franchise Business Plan
While your franchisor will provide some guidance with regards to your new franchise, it’s up to you as the business owner to develop a comprehensive business plan. If you’ve never written one before, let this post be your guide. (more…)
5 Common Employee Concerns (and How to Fix Them)
When an employee isn’t happy at work, everyone is affected. Customers notice. Other team members pick up on the negativity. Ultimately, having an unhappy employee could lead to increased conflict and turnover – something every franchise owner tries to avoid. Here are five of the top employee concerns and how…
How Much Does a Franchise Cost?
So you’re ready to start a franchise. Congratulations! Still, one thing might be holding you back – the franchise cost associated with starting the business of your dreams. There’s more than meets the eye when it comes to starting a franchise. Here’s a more accurate look at what a franchise…
The Importance of Company Culture in Your Franchise
What kind of business do you want to run? One where employees clock in and out and fill the hours in between with minimal effort? Or a space that your staff considers their second home, where customers always marvel at how much fun everyone is having? Defining company culture puts the…
Calling Franchise Headquarters: How to Make Your Voice Heard
If you’ve been running your franchise for a while, you probably have an idea or two about how the franchise as a whole could make improvements. Maybe you’ve found a shortcut to preparing a signature dish without dropping its quality. Or you have some thoughts about how you could better…
As a Franchise Owner, Should You Manage Your Business?
Entrepreneurs tend to try to do it all, from serving customers to ordering inventory and managing employees. But as a franchisee, is that in your best interest? Or are you better off hiring a manager to assist with some of the day-to-day activities? The answer? It depends on what kind…
Are Franchise Businesses Poised for Growth?
The outlook for franchise businesses in the United States is strong. That’s the latest news from the International Franchise Association (IFA) in their latest report on United States franchise growth in 2016. The predicted growth isn’t exclusive to one industry. The report estimates that the upward trend seen in 2015…