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…
The Resale Process: Buying from a Franchisee
A franchise resale refers to a prospective franchisee purchasing a franchise location from a current franchisee instead of directly from a franchisor. Franchisees choose to sell their franchise locations for a variety of reasons. Often, they’re ready to retire. Other times, they want a less hands-on business or are moving…
How Does That Franchise Handle Complaints?
What are these people talking about? “takes all your money, sues you for more, and leaves you homeless and penniless” “a narcissistic dictatorship that is chasing the almighty dollar into purgatory” “They don’t want to consider anything on your behalf!!! NOT A TINY LITTLE BIT!!!” It may sound as though…
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…
What Recurring Revenue Models Mean for Franchisees
Recurring revenue model. It’s quite the franchising buzz term. But what does it actually mean — and how does it affect franchise owners? Find out. What is a Recurring Revenue Model? You might have heard the phrase before, especially as you read up on different franchise models. A recurring revenue…
5 Questions to Ask During Your First Franchise Call
So you’ve explored franchise opportunities and decided on one (or a few) that you’d like to investigate further. The next step is to schedule a call with the franchisor. But what do you talk about? We have 5 questions for you to ask during your first franchise call. 1….
What Multi-Brand Franchise Ownership Actually Looks Like
Whether you are looking to expand your franchise portfolio or looking to start your first franchise venture, multi-brand franchise ownership could be an option for you. Explore what that means — and what it entails — for multi-brand franchise owners. Multi-Brand Franchise Ownership Multi-brand franchise ownership is exactly what it…
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…
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…
2020 Franchising Trends
As 2019 comes to an end, let’s take a look ahead. What trends and changes can we expect to impact the franchising industry in the coming year? Read on to find out which 2020 franchising trends we’re keeping an eye on. The Integration of Tech Technology is an increasingly important…