Franchise Business Prices
When you’re looking for the best franchise business investment for your specific needs, you pay a lot of attention to some prices. The initial start up costs of the franchises you consider, for example. The prices of labor and supplies and marketing probably are on your mind from the beginning….
New York Minimum Franchise Wage Debate Heats Up
New York’s fast food franchise businesses are up in arms about a new minimum wage requirement that applies only to them. Supply and Demand Chain Executive quoted Queens franchisee Jack Bert as saying, “Singling out fast food restaurants while ignoring other industries that hire workers who are paid under $15…
Franchisee Protection Bills in Congress
Franchisee protection bills have been introduced in some states, but now there are two in Congress. Both were introduced by Keith Ellison, a Democratic Congressman from Minnesota. The Fair Franchise Act of 2015, H.R. 3196, is intended to provide minimum standards for “fair conduct” and to add a requirement of…
Franchisees Getting Involved with the Community
Successful franchisees know that they can’t leave all the marketing efforts to the franchise corporate office. When you think about which franchise business opportunity to choose, you should consider what kind of marketing strategies will work for each franchise you consider, and what resources you have in those areas. One…
Franchise Business Renewals
Do you really have to think about renewals when you’re looking for a franchise business opportunity to invest in? You should. You can find sad stories about franchising, and quite a few of them center on renewal. The franchise was great, the franchisees were happy, and then it came…
Should the U.S. Have National Franchise Laws?
Canada and Australia have recently made updates to their franchise business laws, but in the United States, every state has its own rules. You might have noticed, for example, that California is back in the headlines with a new version of the “Franchise Bill of Rights” which was vetoed by…
Franchise and Independent Business: Would You Swap?
Robin had her own cleaning service. She operated out of her apartment, but planned to own a building in the future. When she signed on more clients than she could handle, she recruited friends and relatives to help. They didn’t know everything Robin knew — like what kind of cleaning…
Franchise Business Goals: Does It Take Two?
One of the most important things to do when you get ready to invest in a franchise business opportunity is to determine your goals for the franchise. Do you want a side gig that will let you earn money and have fun while you’re in school or raising kids or…
Looking for a Franchise? Here’s What You Should Know about Trademarks
One of the most important things a franchisee gets from a franchisor is the right to use a trademark. You can’t open your own burger joint and call it “Burger King” in order to get a great jump on marketing. You can only call your restaurant “Burger King” if you…
Your Franchisor, Your Friend?
Should you be friends with your franchisor? In the first exciting discussions, when you may be talking to salespeople and current franchisees especially recruited to help persuade you to choose a particular franchise business opportunity, you might feel like you have made friends. Lots of friends, even. If you’re getting…
