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 [...]
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 [...]
When you enter the world of franchising, there are many strategies that a franchise brand may utilize for growth. One of the approaches is expansion with the use of a master franchisee, sometimes referred to as master franchisors, area representatives, or sub-franchisors. Franchisors either deal with franchisees directly or with the use of a master [...]
Should you join a franchisee association and are they actually helpful when dealing with franchising issues? Learn more about what to expect. Franchisee Associations Defined As a part of a large franchise system, franchisees may feel like they aren’t sure who to turn to when questions or concerns come up, especially if there’s an issue [...]
Franchise fees don’t have to be confusing. Learn everything from initial fees, royalty fees, and more. See where your money goes and how it grows your business. Initial franchise fees vary, depending on the industry and the brand. Know what you are paying for before you buy. INITIAL FRANCHISE FEE Not to be [...]
Generations ago, most business owners were men. If a woman was in charge, it meant that her husband or father had died and there was no one else to run things. When the U.S. Census Bureau began tracking female entrepreneurship in 1972, they counted 400,000 women-owned business. Fifty years later, the latest census numbers show [...]
Home Services franchises are some of the most popular to own for a number of reasons. First, since these business can usually be run out of your home, you avoid the expenses of opening a brick and mortar location for your business. Working from home also provides you with more flexibility and a better work/life [...]
What is a Turnkey Franchise? Is It Right For You? Imagine unlocking a world of opportunity with a simple lock and key. Opening the door into a new future for you and your family that is laid out, ready, and affirmed. What would this look like to you? For many, a franchise is the answer. [...]
Franchises appeal to millennial entrepreneurs for work-life balance and the opportunity to be their own boss. Here’s what to look for when deciding on a franchise. Naturally inquisitive and open to learning, millennials make excellent leaders who consider the opinions. THE EMERGENCE OF “MILLENNIPRENEURS” In addition to being the largest generation currently part [...]
