Franchises are owned by franchisees and spread out across different locations. Growth is often faster and more cost-effective with franchises than corporate-owned businesses. Let’s take a look at the franchise vs. company owned dilemma. Franchises exist in nearly every realm of the business world: from restaurants to salons to home improvement concepts and beyond. [...]
In short, franchisors sell franchise ownership opportunities to prospective franchisees along with licenses to use the trademark and business model. Continue reading to learn more about the differences of being a franchisor vs franchisee. FRANCHISING 101 There are many rewards that come from choosing the right franchisor in the right industry. People have [...]
As the popularity of owning a home-based franchise continues trending up, it’s becoming increasingly clear that a new generation of franchise business owners are leaving their mark as successful franchisees. Enter the Millennials - those 75 million people born between the years of 1981-1997. Armed with a quiver full of Millennial traits that complement most, [...]
As the economy enters a full recovery after the challenges associated with the pandemic, many would-be entrepreneurs are considering new business opportunities as a way to achieve greater independence and an enhanced work-life balance. If the idea of owning your own home-based business sounds attractive, there are several aspects prospective franchisees should become familiar with [...]
If you are one who has served your country in uniform and are considering a post-military career, you may already have what it takes to be successful as a home-based franchise business owner. To be sure, there are several attributes that, if not required, are at least preferred if you want to be successful as [...]
As society continues to make progress towards a post-covid lifestyle, many are optimistic that with a robust economy it may be time to consider owning their own home-based franchise business. As an industry, franchise ownership is growing at an impressive rate. In its 2020 report, The International Franchise Association forecasted a 2.8% growth in franchise [...]
While the COVID-19 pandemic has caused more people to stay home as a way to safeguard and remain healthy, it has also sparked a significant increase in home renovation activity. Homeowners everywhere are deciding to upgrade or renovate their homes- from the interior to exterior, as a way of coping with the growing trend to [...]
Whether it’s making major or minor updates, or introducing a fresh new look into home spaces – more people are deciding to invest in their existing home for a variety of reasons. One reason for a renewed focus on home improvement stems from the recent trend in employers allowing staff to work from home more, [...]
As society continues to make progress towards a post-COVID lifestyle, for many it feels like the light at the end of the tunnel. With optimism brimming and a healthy economy on the horizon, those who have thought about owning their own home-based franchise business are exploring, more than ever, the array of benefits that come [...]
If the events of 2020 have, willingly or unwillingly, put you on a new career path, this bright new year may be the perfect time to move from employee status to franchise business ownership for a more secure financial future. The pervasive attitude in the franchising industry is that 2021 may be THE year for [...]
