Franchise Decision: Big or Small?
There are franchises with thousands of locations, and there are franchises with just a few dozen… or a mere handful. Jan-Pro cleaning service, for example, has 11,000 units. Domino’s Pizza has 11,285....
View ArticleMulti-Unit Franchise Ownership
While driving down the road, have you noticed there are more of the same franchises popping up in surrounding areas? Perhaps you’ve seen three Dunkin Donuts within a 10 mile radius. These are likely to...
View ArticleA Healthy Franchise System
Wouldn’t it be great if you could tell for sure which franchise business opportunity would be a winner, and which would not—before you made an investment? A new study might help make that a reality....
View ArticleChoose the Right Franchise Relationship for You
Franchises are growing so much that you can probably find a franchise option for almost any kind of business you’re interested in these days. In fact, you can probably find multiple options. If you’ve...
View ArticleWhy Mobile Matters to Your Franchise
Franchises are in a unique position in the market. Your franchise feels like a corporation because there is a large corporate entity backing the business. However, it’s primarily local. You rely on...
View ArticleThe Top 6 Franchise Industries Right Now
Where do you start? You’re ready to embrace the freedom and excitement of owning a franchise, but how do you know which one is for you? There are many franchise opportunities available but not all of...
View Article5 Mobile Apps to Keep You Productive in Your Franchise
Is your on-the-go lifestyle making it hard for you to keep up with your business? Technology is coming to the rescue. Your smartphone does more than call, text and email. It’s waiting to be filled with...
View ArticleShould You Hire a Freelancer to Market a Franchise?
We’re living in a freelancer economy, according to Forbes. Should you hire a freelancer to market a franchise? The answer isn’t always clear. With 2016 just getting started, you might think hiring a...
View Article3 Things I Learned About Commercial Real Estate Opening New Franchise Locations
Having an extensive background in real estate law, I thought I was well prepared in helping the new PlayLive Nation franchisees navigate the challenges of securing a lease in different markets. Despite...
View ArticleAvoid These 5 Mistakes New Franchise Owners Make
Considering opening a new franchise? You’re not alone. Franchise ownership is hot for a lot of reasons. You get to be your own boss, giving you more freedom and flexibility in your career. You also get...
View ArticleThe Pros and Cons of Owning Multiple Franchises
When you first open your franchise doors, you’re probably only considering opening one location. That’s the case for many franchise owners until they get a taste of the success that can come along with...
View ArticleHow Much Does a Franchise Cost?
So you’re ready to start a franchise. Congratulations! Still, one thing might be holding you back – the franchise cost associated with starting the business of your dreams. There’s more than meets the...
View Article5 Common Employee Concerns and How to Fix Them
When an employee isn’t happy at work, everyone is affected. Customers notice. Other team members pick up on the negativity. Ultimately, having an unhappy employee could lead to increased conflict and...
View ArticleLean Franchise: How to Grow Your Franchise Business
Evolving your current business into a thriving franchise is a more comprehensive process than most business owners realize. At its core, you are transitioning from selling your current products, such...
View Article10 Questions to Ask the Franchisor Before Signing on the Dotted Line
Buying a franchise is a major investment financially, emotionally and physically. There is a lot that goes into making your new business a success. By defining expectations up front, you can ease the...
View ArticleHow to Finance Your Franchise
Congratulations! You’ve given it tremendous thought and made the life-changing decision to buy a franchise. You’re excited, but now you need to figure out how you’re going to pay the franchise fees and...
View ArticleFitness Franchise: Initial Costs and Fees to Consider
Love working out? Love helping others achieve their fitness goals? A fitness franchise might be a good option for you. But before you head to the bank to get your small business loan or home equity...
View ArticleMy First 3 Years as a Co-Franchisor in Review
PLAYLive, the innovative gaming franchise I am a minority owner of, is rapidly approaching its third year. As any franchisor knows, launching a new franchise brings an oscillating journey filled with...
View ArticleHow to Find the Perfect Food Franchise Opportunity for You
Do you love eating out? Consider yourself a foodie? If you’re looking for a type of franchise to open, a food franchise opportunity might be for you. Food franchises are among the most stable and...
View ArticleUnderstanding Point of Cash Flow and Working Capital Requirements in Franchising
When it comes to starting a franchise, you know you’re going to need to have cash available to invest upfront. How much cash do you need and when can you start seeing some cash come into your business?...
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