The Right Time to Buy a Franchise Business
When is the right time to invest in a franchise business opportunity? When you have plenty of free time. That time might be available to you because you’re unemployed or retired, it might be because you’ve just finished college and haven’t yet decided on a career path or found the…
Organizing Your Franchise Business Search
Some franchise investors have one franchise opportunity in mind from the beginning, but for many people, deciding on the perfect franchise business is a lengthy process. You might look at franchises in different fields, or companies that operate in different ways. You might look at multiple options before you decide…
Franchise Success Rates
Choosing a franchise opportunity is a big decision, and big decisions are usually risky. So it’s natural to try to get some kind of idea of your chances of success before you take the plunge. Natural, but not easy. Ask Google about the success rates for franchises and you can…
7 Advantages of the Franchise Business
Business owners are happier, statistics show, than people who work for someone else. The reasons for this are not completely clear — usually that question is left to speculation after the report of the research results. Here are seven great things about being in business for yourself that might be…
Franchising and Intellectual Property
Malcolm invests in a franchise, builds his business for a decade, and then the franchise relationship ends. Malcolm makes some changes — the color of the uniforms his staff wears, the shape and font of the logo, and the name of the business — and carries on his business…
Franchise Lessons from an All-day Breakfast
Just one famous franchise serves one third of all the fast food breakfasts: McDonald’s. But only until 10:30. How many Egg McMuffin fans have arrived at their local McDonald’s at 10:40, far too early for a burger, and left empty-handed? Apparently a lot, to judge from the number of complaints…
Is It Time To Buy A Franchise?
Laurie was heading briskly to her car when she answered a phone call from her friend Angela, but very soon she had stopped in her tracks. “Trevor called me and said they wanted to sell and I should decide today,” Angela said, sounding worried, “but I’m so busy! I have…
Choosing a Franchise: Goods or Services?
Are you passionate about puppies? Do you dote on doughnuts? Often, the choice of which franchise business you should invest in comes down to the industry it’s in. You care about cars, so you naturally think of an automotive franchise, or you have experience with e-cigarettes so you head for…
How to Organize Your Search for a Franchise
In the new Netflix show Frankie and Grace, Frankie explains how she and her husband decided to say yes to everything one night and ended up buying a Del Taco franchise. “How did that happen?” her friend Grace asks. “Someone asked us, ‘You wanna buy a Del Taco franchise?'” explains…
Why Franchise?
Why do companies decide to franchise their business? The most obvious reason is that it allows a company to grow their business without taking all of the financial risk. Instead of investing in a new location and hiring a manager, bearing all the costs of building and growing their new…