KPIS for Franchisees
Before you invest in a franchise, you do plenty of research, looking at the financial health and performance of the corporation and of individual franchises. How will you measure the health and performance of your own franchise business? Some franchises provide more help with this question than others. HuHot, for…
Just One Franchise: Sew Fun Studios
Take a renewed interest in making things, post-recession thrift, and the rise of individual style and you’ve got a perfect recipe for a DIY trend. Home sewing is turning up at Pinterest, on blogs, at YouTube, and now in a new franchise business opportunity called Sew Fun. Sew Fun…
Why Are Franchisees Suing Franchisors?
Lots of reasons, actually. Every day, it seems, there’s a new lawsuit against a franchisor… and as often as not it’s the franchisees bringing the complaint. If you’re considering investing in a franchise business opportunity, you have to be wondering: Should I avoid franchises that have been sued? Are these…
Becoming a Franchise Business Owner: Sharing Information
Is your life an open book? In some ways, it has to be when you decide to become a franchisee. Franchisors share quite a bit of their financial data with you during discovery and in the official disclosure document. They also expect you to share financial information with them. That…
Focus on Just One Franchise: Maid Right
Cleaning franchises are a growth industry as people work longer hours and are more willing to pay for personal services. As Baby Boomers get older, they’re ready to give up some of the hard work they grew up with, and many young professionals have never cleaned their own homes.The fastest-growing…
Researching Franchise Opportunities
A recent survey of franchisees found that many of them were surprised by their experiences. On reflection, they said, they realized that they should have asked more questions. How can you make sure to learn what you need to know about franchise business opportunities you’re considering? Look into the company…
Focus on One Franchise: Scout & Molly’s Boutiques
Owning a retail clothing boutique is a popular dream, and Scout & Molly’s can make it come true. This boutique franchise speaks to women who like to express themselves through their clothing, women who don’t want to look like all the other girls at a party, and women who really…
Can Franchising Help the Youth Unemployment Crisis?
More than five million young workers in the U.S. are unemployed — neither working nor in school. The unemployment rate among Americans 25 and under is more than twice as high as the unemployment rate for the general population, and many of those who have found work are underemployed –…
Considering a Franchise? Consider Sales Tax!
One of the advantages some franchise business opportunities tout is “No sales tax!” This typically shows up right along with home-based, no or few employees, no inventory, and low overhead as an advantage for service-oriented businesses like gyms, salons, and business-to-business professional services. This is based on the traditional distinction…
Beauty Franchise Business Opportunities
Beauty is big business. By some estimates, Americans spend more than $40 billion a year to look good. Men as well as women pay for hair and skin care products, and spending on beauty services increased by 26.5% last year. Recent figures show that the average American spends $400 each…