What Industry Should You Start a Franchise In?
When you’re ready to start a franchise, what do you look at first? The most affordable franchises available? The amount of competition in your area? Although these are important factors to consider, there’s one factor you should look at before anything else. Which industry is right for you to start…
How to DIY Social Media Marketing for Your Franchise
Social media marketing is one of the hottest ways to promote your business. Although you’re keen on using this channel, who’s going to run your social media accounts for your franchise? Could you do-it-yourself (DIY) through social media marketing? Turns out, you can. Here are a few tips to help…
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…
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 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…
5 Signs You’re Meant to Be a Franchise Owner
You’ve got the passion and drive it takes to run your own business, and you’re considering buying a franchise as a feasible option. It’s important to note that running a franchise is a bit different from running an independent business. Both have their own benefits and drawbacks. But if the…
Women in Franchising: An Up and Coming Demographic
While the balance is still skewed in favor of men owning franchises, women franchise owners are on the rise. Research shows that women own between 20 and 25% of existing franchises, and 24.4% of franchises are co-owned by both males and females. So why the rise in women in franchising?…
What to Pay Attention to in the Franchise Disclosure Document
When buying a franchise, the franchise disclosure document is one of the most important elements of the process, so it’s important to know what to expect and what to look for. What It Is The Federal Trade Commission requires all franchisors to provide this document and include 23 specific elements…