Mortgage rates have risen more than 4% since the start of last year, so it’s no surprise that home renovation projects are up — if you can’t afford a new home, you’re going to take better care of the one you have. According to Harvard University’s Joint Center for Housing Studies, spending on home renovation [...]
When many people think of franchising, they think of fast food. Sure, fast food restaurants are some of the earliest and most prominent examples of franchising. But in the past few decades, franchising has evolved far beyond food service. There are franchises in hundreds of industries, including healthcare, travel, fitness, pet grooming, and home services [...]
As a franchise owner, you’re in business not just to earn a living, but also to make money. That means treating your franchises as investments and looking for ways to maximize profit. The most obvious way to do this is owning multiple units of the same franchise in different markets. Multi-unit franchise owners are usually [...]
It’s no secret that the sooner a business opens its doors, the sooner it can start making money. This is one reason new entrepreneurs often choose to buy a franchise, instead of starting a business from scratch. But an even faster way to get up and running is to buy an existing franchise from another [...]
Let’s face it. Most people go into business because they want to make money. If you are looking into starting a business by buying a franchise, begin your search in a booming industry— especially one that’s predicted to keep growing at a double-digit pace for the next few years. According to Verified Market Research, the [...]
Owning a franchise can be a rewarding and lucrative way to start your own business, because you’ll also be benefiting from the support and resources of a larger brand. But how can you become a franchise owner? Let's break it down and explore the steps you'll need to take to turn your dream into a [...]
Multiple-unit franchising has become a popular investment tactic in recent years. Through the combination of lower buy-in costs and opportunities for compounded financial gain, entrepreneurs are choosing to strengthen their portfolios within proven franchise systems that offer long-term growth. Owning multiple franchises can be a strong wealth-building strategy since diversification of your investment means you [...]
If you spend time at work daydreaming about the day when you’ll be your own boss, you‘re not alone. Many successful entrepreneurs were once like you. Long before they started their own businesses, they worked for someone else. But they had the drive to take a risk and go out on their own. And while [...]
One of the biggest advantages to opening a franchise business instead of an independent operation is the comprehensive training and ongoing support you stand to receive from your franchisor. Franchise training should be among your top priorities when basing your decision on a franchise. The right franchisor will have a strong system in place to [...]
Franchise Support: 4 Things To Look for as a Franchisee As a franchise owner, you never want to be left hanging. Good franchisors will provide ongoing support with things such as sales, human resources, and technical support. Learn more about the types of franchise support you should be looking for when you consider buying a [...]
