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...
You shouldn't assume franchises are fail-safe. They're a wonderful way for professionals to build thriving small businesses, but there are some icebergs out there potential franchise owners need to avoid. Here are five:
Everyone is familiar with the American Dream concept. It holds that if you work hard enough, have your success, and pay your dues, you can achieve anything that you put your mind to. This we understand.
The franchise industry is showing signs of economic recovery after the global financial crisis in 2008. Recent statistics from the International Franchise Association reveal that the industry showed healthy signs of growth in 2012, especially in the food service, hospitality, and construction sectors.
The Power of Habit, by Charles Duhigg, reports on recent research on habits in humans. It turns out that the basal ganglia, a primitive part of the brain, controls habitual behavior.
Franchises range from companies that are dedicated to keeping their products and services fresh to companies that take a "Don't fix it if it ain't broken" position.
What if you said, "I could use a cup of coffee!" and someone immediately brought you a cup? That's pretty much what one licensed franchisor of Dunkin' Donuts locations in Arizona did.
We no longer live in a one-career society. In my grandfather’s day, a person often had the same job his whole life. My father had two. I've already made four major career changes and have over 20 years left in the workforce.
Most articles concerning franchising concentrate on the benefits of buying a franchise and what a franchisor should look for in the perfect franchisee. Very few, if any, flip the coin over to look at the other side that asks the following question: What makes a perfect franchisor?
This is going to be a killer year for your franchise. How do I know? Because I’m about to give you some crazy easy...