5 Financial Must-Dos Before Opening Your Franchise
Is your dream of buying a franchise looking more and more like a reality? Before you invest your money, there are a few financial business items you must knock off your list. Here are the five financial must-dos for anyone thinking about opening a franchise. (more…)
The Top 6 Franchise Industries Right Now
Where do you start? You’re ready to embrace the freedom and excitement of owning a franchise, but how do you know which one is for you? There are many franchise opportunities available but not all of them are created equal. The top franchises to own are those that: Show a…
5 DIY Marketing Tips to Boost Your Franchise’s Sales
Congratulations! You’ve started your franchise and now you’re ready to attract a flood of new customers. What happens when the “build it and they will come” DIY marketing strategy doesn’t work? Marketing your franchise is vital. It’s what lets people know you’re in town. It’s what drives people to your…
Good Coffee, Franchises, and Human Rights
A Canadian coffee franchise gives franchisees very specific instructions for how to make their famously consistent gourmet coffee. Those step by step instructions, which it requires all franchisees to follow to the letter, mean that Canadians and travelers to Canada can walk into any franchise location with complete confidence, knowing…
Franchising and Digital Marketing
A new report on digital marketing among franchises has one major conclusion: only a few franchises are actually making good use of the potential that online marketing offers. 296 different franchises representing 28 industries were included in the survey, conducted by FRANdata and G/ODigital, and nearly all respondents were using…
Why Aren’t Franchisees on the Board?
Franchisees are important — even crucial — to the corporations they represent. So why aren’t franchisees serving on the boards of these corporations? Jonathan Maze asked this question in a recent piece in the National Restaurant News. He pointed out that former franchisees have taken CEO positions with some corporations,…
Did Your Favorite Franchise Investment Meet the EVM Deadline?
As of October 1, 2015, all companies taking credit card payments in the U.S. were required to meet the European EMV standards. That means that, instead of reading a magnetic strip on the back of the card, credit card machines have to read a chip on the card instead. At…
More Minimum Wage Changes For Franchises
Franchise businesses have faced uncertainty and confusion when it comes to minimum wage regulations. Some of the most headline-worthy examples have been in cities which have set higher minimum wage requirements, with different rules for large and small businesses. Franchisees with four or five employees have sometimes been classified as…
Choose the Right Franchise Relationship For You
Franchises are growing so much that you can probably find a franchise option for almost any kind of business you’re interested in these days. In fact, you can probably find multiple options. If you’ve made a spreadsheet and you’re still having trouble narrowing down the choices, maybe you need to…
A Franchise Tempest in a Teacup
Or it could be a coffee cup. Or a half-fat one-pump grande pumpkin spice latte cup. In any case, Starbucks has unveiled their 2015 holiday red cup. It’s red, with the green Starbucks logo, and it looks pretty festive. So a national coffee franchise is serving pumpkin spice lattes in…