Service Franchise Business Opportunities
Increasingly, businesses in the U.S. are moving toward services, not goods. Many things that we used to buy as goods, such as music, newspapers, and movies, we now consume as services instead. We’re more willing to pay for services, too. Whether it’s a spray-on tan or financial counseling, Americans buy…
Profits, Revenue, and Franchise Businesses
New business owners sometimes get confused about the difference between profits and revenues, even if they know the definitions of both words. Here’s the basic explanation, to be sure we’re all on the same page. You sell items that cost $10.00. Keeping the doors open – paying staff wages,…
Does the Franchisor’s Web Presence Help You or Hurt You?
When you’re choosing the best franchises for your review, you’ll do plenty of research, including online research about the franchise. When you look at the franchisor’s website, though, you may need to look at it from two different points of view. A good web presence is good for you….
Franchise Choice and Shiny Things
Some people call it “Bright Shiny Object Syndrome” and some just say they’re easily distracted by shiny things, but most of us can recognize the phenomenon. Sometimes we get distracted by the newest, the coolest, the most popular — or just the thing that pops up most in our social…
Hottest Trends in Franchising
What are the hottest trends in franchising? Think of franchising as a funnel, and let’s look at the trends with the broadest application first and move down toward the narrowest trends. Success Franchises are hot. They’re growing at a faster rate than independent start-ups, they’re supplying 10% of all new…
Does the NLRB Ruling Mean the End of Franchises?
The Wall Street Journal reports that the National Labor Relations Board has determined that McDonald’s — and presumably other franchisors — can be considered “joint employers” with their franchisees. This has implications for franchisors: Franchisors may now be held liable for the actions of their franchisees, even if the franchisees…
Choosing a Franchise Business: Home Based or Not?
The scene is a corporate office, and the character says, “The guy works from home.” The scene quickly shifts — you know you’re about to see the man working from home, but what exactly are you expecting to see? It could be a powerful yet laid back hero on his…
Just One Franchise: Express Oil Change & Service Center
America’s car-buying habits have changed. Fewer drivers trade in their cars every couple of years, and more drivers are keeping their cars longer. At the same time, fewer kids spend their Saturdays working on the family car with Dad — today’s car owners are less likely to be able to…
Just One Franchise: Liquid Capital Financing
Banking as an industry is going through some changes. More people are “unbanked” or prefer alternatives to traditional banks, and alternative financial services are flourishing. Organizations from Walmart to the Post Office are stepping in to provide financial services, and Liquid Capital offers franchisees an opportunity to get in on…
Franchise Laws Overseas Change– Should U.S. Follow Suit?
Franchise business arrangements are covered by laws in every country. Several nations, including Australia and the U.K., have recently updated theirs. Should the U.S. do the same? Franchises are governed in the U.S. primarily by the U.S. Federal Trade Commission (FTC). The definition of a franchise includes three elements:…