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…
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…