Franchising in Retirement
Americans are working longer and retiring later. Many of us can expect to work until we’re 70 or older. If you’re able to retire but not yet ready to quit working, this can be the time in your life when you fulfill the dream of owning your own business. Investing…
A Good Franchisor/Franchisee Relationship Requires Faith
A franchisee who has FAITH in their franchisor, arguably, owns one of the best relationships in business. A franchisee who doesn’t have faith in their franchisor has one of the worst relationships in business. Faith is an extremely valuable thing in the franchise world and both franchisees and franchisors should…
Graduating College? Franchising Might Be for You
With a competitive job market and entry level jobs hard to come by, entrepreneurship is an increasingly appealing idea for new grads. Franchising has been an option but can be less accessible for recent college graduates, especially when they have little or no credit history, little collateral for loans, and…
Why Does Your Personality Matter In Franchising?
This is a question that absolutely needs to be asked when selecting a franchise. If you buy a franchise or a business that doesn’t utilize your personality well you will quickly become unhappy with it. You won’t work hard at it and ultimately the business will either fail or it…
Is Franchising an Option for Moms?
As Mother’s Day approaches, we’re naturally thinking about moms. A franchise business can be perfect, either for a stay at home mom looking for a business opportunity that lets her be home when the kids return from school, or for moms whose kids are old enough to allow her to…
Personal Involvement of the Franchisee — That’s You
Item 15 of the Franchise Disclosure Document, or an FDD, explains the franchisor’s requirements for personal involvement of the franchisee. Maybe you’re looking for a turnkey business where you do very little or a franchise that will be your day-to-day job. Item 15 tells you what your expectations should be…
McDonald’s Franchisees Aren’t Lovin’ It
This last quarter marked the first drop in operating profits for McDonald’s franchisees in nine years. Franchisees aren’t happy about that. But many franchisees are angry because of what they see as the heavy discounting and undercutting McDonald’s corporate is doing in response. Ad Age reports that there have been…
Franchisor Owned Locations
What will you own, when it comes to your new franchise location, and what will belong to the franchisor? At some franchisees, the owners are wholly vested in everything, from the uniforms to the building itself. But other franchisors buy the location, lend or lease out equipment, and might even…
Home Improvement Franchises Have Some Real Advantages
We asked Lance Jensen, CEO of Global Garage Flooring & Design, to detail for our ABF blog subscribers, the real advantages to considering a Home Improvement Franchise. Following are his comments: Home Improvement Franchises: Home Improvement Franchises have some real advantages to them. Low Investment: These are usually home based…
Spring Clean — Cleaning Franchises
Cleaning franchises have some real advantages: this is work that always needs doing, it has to be done on the premises so you don’t have to have a storefront and you’re not in competition with online services, and the initial investment tends to be low compared with other types of…