4 Screens Potential Franchise Investors Must Pass
You’re planning to invest in a franchise, and you’re probably shopping around. You’re checking out the various options, thinking about your personal goals and preferences, talking with other franchisees — really scoping out all the businesses you’re considering. That’s what you should be doing. Getting plenty of information helps you…
New “Joint Employer” Ruling from NLRB
The National Labor Review Board, which ruled that McDonld’s is a joint employer with its franchisees, has handed down another decision which could affect franchisees. In the new ruling, a waste control company was designated a joint employer with the staffing company that provides them with workers. The waste management…
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,…
Your Franchise Competitors
As you consider a variety of franchise business investment opportunities, you’ll think about what you want to do, what you can afford, and what kind of company fits with your values and lifestyle. You should also scope out the competition. Do you see a landscaping business doing well? That may…
Franchise Cash Flow Questions
One of the most common complaints among people who have invested in a franchise business is that they aren’t earning enough, that they worry over meeting payroll and bills, or that they don’t have the sales they expected. As with so many franchise business problems, cash flow issues are often…
Franchise Business or Chain?
A franchise and a chain may look the same at first glance, but they are actually completely different kinds of business models. A chain begins as a single location. Jack might own a bookstore or a restaurant or a gym, and finds it so successful and satisfying that he decides…
Identifying a Successful Franchise System
FranchiseGrade.com has a new study which seeks to identify the franchises that are heading up — and those that are heading down. Having this kind of information as you choose the best franchise opportunity for you will certainly be handy! How close can they get to an accurate valuation? The…
Top 10 Unusual Franchises
Franchise business opportunities are based on successful business systems that are already making money for people, often in hundreds of locations across the country. It’s logical that they are usually designed to deliver goods and services that lots of people want. But there are some unusual franchises out there. Here…
Franchise Restaurants a Bright Spot
How are U.S. restaurants doing? Not very well. Restaurants in general show a 1% decline since last year at this time. That means quite simply that there are 1% fewer restaurants in America today than there were a year ago. While many restaurants opened and many closed, the total number…
The Perfect Franchise Job
Sometimes you hear people scornfully saying that investing in a franchise business opportunity is “just buying a job.” This is said in a scornful way because there’s a background assumption that being an entrepreneur is a higher form of work. Building and selling your business, then retiring on the wealth…
