Protecting Your Territory
The Franchise Territory Wars: Why Location Makes or Breaks Your Investment
So, you’re dreaming of owning a franchise. Fantastic! It’s a path many aspiring entrepreneurs take to build something of their own, leveraging a proven business model. But before you get swept up in the excitement of a brand’s promise, let’s talk about something incredibly fundamental yet often overlooked: the franchise…
Franchising Basics: Understanding Franchise Territories
While researching franchise opportunities, you’ll come across many using verbiage similar to “ask about exclusive territories” or “protected territories available.” It’s easy to jump to the conclusion that “territory” means no other franchisees in your franchise system can open a location in your exclusive/protected geographic area. Unfortunately, that’s not always…
How to Handle Negative Reviews Online
It’s a scary thought. Hearing someone say something negative about your business baby is hurtful and frustrating, but it doesn’t have to be that way. Before you buy a franchise in your area, it’s important to look at what’s being said. Most customers won’t differentiate your business from another franchise…
How to Keep Your Employees and Business Safe from Threat
You juggle a lot in your business. From managing paychecks and your employees’ sensitive information to balancing your books, you’re constantly working with data any thief would want access to. Although you probably already have a “see something, say something” policy in place, this might not be enough to keep…
Protecting Your Franchise Territory
BY BILL BRADLEY, Founder/CEO, America’s Best Franchises February 5, 2013 In many ways, owning a franchise is similar to owning any business – but with the advantage of a proven product, more support and, perhaps, an established franchise brand. Another exception is that many franchise opportunities offer exclusive or protected…