Franchise Opportunities
3 Options Beyond the Standard Franchise
Did you realize that there are other options for you as a franchise owner beyond owning a single franchise? This post will explore area development, master franchises, and multi-unit ownership to present you with additional considerations for your business endeavors. (more…)
What Makes One Franchise Opportunity Better Than Another?
When you look at a franchise directory, it can be overwhelming. Even if you know the category of franchise you’d like to invest in, there can be dozens of options. What makes one franchise opportunity better than another? In fact, it’s not that one brand is better than another, but…
The Best Franchise Opportunities for Veterans
If you’re one of the millions of Americans that have served your country, we salute you. For many veterans, once active duty is over, they’re interested in finding something valuable to do with their time, to make a difference in another way. Business ownership is one of the rewarding paths…
5 Franchise Myths (and the Real Truths of Franchising)
Make one mention that you’re interested in starting a franchise and chances are, you’ll be hit with a tsunami of advice. Many times, this advice is laced with myths about franchise ownership. Here are five common franchise myths and the real truths about franchising that you need to know as…
The Pros and Cons of Owning Multiple Franchises
When you first open your franchise doors, you’re probably only considering opening one location. That’s the case for many franchise owners until they get a taste of the success that can come along with this career path. To continue the same success, many franchisees start to consider owning multiple franchises….
Use the 2015 Franchise Report as Your Franchise Buying Guide
The economic impact of retailers is undeniable, according to a 2015 study by PricewaterhouseCoopers, LLP. Through retail, 42 million jobs are supported, $1.6 trillion are paid out in labor wages, and the GDP benefits by $2.6 trillion annually. There are approximately 29 million jobs in retail and 11.5 million of…
What Your Franchise Fees Pay For
Investing in a franchise business is not exactly like buying an independent business. When you buy a business, you’ve made a purchase, and once you’ve paid for that purchase, you’re probably through with the people you purchased that business from. You’ve got their customer list, their intellectual property and trademarks,…
Franchise and Independent Business: Would You Swap?
Robin had her own cleaning service. She operated out of her apartment, but planned to own a building in the future. When she signed on more clients than she could handle, she recruited friends and relatives to help. They didn’t know everything Robin knew — like what kind of cleaning…
Get the Most from Franchise Training
One of the benefits you get in exchange for your franchise business investment is training. This is a very valuable part of the package. The Small Business Administration lists lack of knowledge and experience as a top cause of business failure. Sometimes this is because the business owner is…
Can You Run a Franchise with Your Spouse?
You’re thinking about investing in a franchise business opportunity, and even if you haven’t decided which business option is best for you, you’ve already decided who you’ll partner with to run the business. For many prospective franchisees, that partner is also their life partner. Many married couples choose to go…