4 Things You Need to Know About Starting a Franchise
So many franchisees look back to when they first opened their franchise and think, “If I had known then what I know now …” Here are a few tips about starting a franchise. 1. Read the Franchise Disclosure Document The Franchise Disclosure Document may be a hefty document, but…
A Groupon Marketing Strategy For Your Franchise
Understandably, increasing your sales and number of customers is a top priority when marketing your franchise. And while there are many strategies to do that, daily deal sites like Groupon might be one worth considering. How They Work You might be familiar with Groupon from the customer’s perspective: you have…
4 Things Franchises Can Teach Independent Business Owners
While running a franchise and running an independent business are two sides of the same coin, there are many differences between the approaches that each take, and each can learn from the other. Here’s what the independent business owner can learn from franchisees. 1. Having Processes Makes Work Streamlined. How…
What Does the Trump Administration Mean for Franchises?
No matter how you feel about our current President, as a franchise owner, you’re probably wondering what changes are in store that will affect how you do business. While President Trump has been anything but predictable in his first weeks in office, we have a few speculations about what’s coming…
How To Do Your Own Franchise Research Before Buying
When buying a franchise, you want to be absolutely sure that the brand you buy into is the right fit for you. Sure, a franchisor will make its business look new and shiny in an effort to attract more franchisees, but you’ve got to see past that to make sure…
3 Quick And Easy Marketing Tips For Your Franchise
This is going to be a killer year for your franchise. How do I know? Because I’m about to give you some crazy easy marketing tips that you’d be a fool not to take advantage of using. So many business owners think marketing is this complex thing that they don’t…
Are Franchise Fees And Expenses Tax Deductible?
It’s everybody’s favorite time of year: tax time! [Collective groans from the audience.] In reality, nobody loves tax season. It’s a head-scratching time of year, and entrepreneurs and franchise owners alike always have plenty of questions that relate to their taxes. For example: do you know which of your franchise…
5 Things A Franchisor Looks For In A Franchisee
While in the franchise-buying process, it is imperative that you do your due diligence to ensure that the franchise you choose is a good fit for you, it’s also important to know that franchisors are also looking for a good fit in a franchisee. Franchisors can be picky about who…
Millennials and Franchises: What You Need to Know
Forget Baby Boomers. The demographic that is quickly forging its own path in the franchise world? Millennials. Millennials, aged 18-34, now outrank the number of Boomers on the planet. And their numbers are turning up in an interesting place: as franchisees. We’re seeing an increase in the number of franchises…
How to Develop a Marketing Plan for Your Franchise
At the fresh start of a year, it’s only natural that you’d start thinking about your franchise’s marketing for the next 12 months. How will you improve upon what you did last year for even better results? What new things do you want to try? You can answer all of…