Marketing Your Franchise: Realities
BY BILL BRADLEY | January 23, 2013 Your franchise is a household name, so you can just sit back and wait for customers to roll in – right? Wrong. As you decide whether to invest in a franchise opportunity, it’s important to have a realistic understanding of the factors that…
Projecting Cash Flow in a Retail Franchise
If you’re thinking about buying a retail franchise, projecting the cash flow of your operation will be pivotal to your success. Business failure or, in this case, retail franchise failure, is most often caused by the lack of investment capital and/or ongoing working capital. As a result, building a cash…
Are You Thinking About Buying A Franchise?
BY BILL BRADLEY | January 15, 2013 If you’re thinking about buying a franchise, you’re likely questioning your readiness or the timing of the decision. You may even have some self doubts as to whether you would make a good franchise owner. Are you truly a good candidate for franchise…
Franchises Fail – Steps to Help Prevent It From Happening to You
BY BILL BRADLEY | January 11, 2013 Have you weighed the benefits of buying a franchise vs. buying an independent business? If you’re unfortunate enough to have read a Department of Commerce study published in the mid 1980’s, you may be under the false impression that 94% of franchise businesses…
THE LIFECYCLE OF A FRANCHISE SYSTEM
Four Stages: Which one is best for you? BY MARC KIEKENAPP | January 4, 2013 Understanding the “Lifecycle” of the franchise system can help you make a better decision on what may be the right franchise for you. Here are a few hints on what to look for during your…
Importance of Cash Flow In A Retail Franchise
BY BILL BRADLEY | December 28, 2012 If you’re thinking about buying a retail franchise, projecting the cash flow of your operation will be pivotal to your success. Business failure or, in this case, retail franchise failure, is most often caused by the lack of investment capital and/or ongoing working…
Franchise Ownership Outlook is Bright for 2013
BY MARC KIEKENAPP | November 28, 2012 After several years of slower activity in new franchise unit openings, investors and existing franchisees have started investing in additional units to be positioned for an improving and growing economy. Franchising offers an excellent investment opportunity in today’s economy. With interest rates on…
Thinking about buying a franchise? Consider These Resources
BY MARC KIEKENAPP | November 28, 2012 Entrepreneurship is a journey that many people dream about but very few pursue. If you are reading this article about franchise ownership you are in the top 10% of people that aspire to be their own boss and own their own business. The…
For a Solid Franchise Sector Look to Home Care
BY ED TEIXEIRA | October 23, 2012 When individuals consider a franchise opportunity the starting point should be to choose an industry that they are comfortable with. The decision should also be based upon the available investment capital and business skills that one possesses. Some individuals prefer fast food while…
Is It Too Late To Buy A Coffee Franchise?
BY BILL BRADLEY | October 17, 2012 The answer to the question, most certainly, may depend on your community demographic i.e. number of specialty coffee franchises and/or businesses in your desired location. It may even depend on your willingness to compete against the dominant Starbucks brand around the corner. Did…