Retail franchise opportunities abound, but this is a challenging time to be a retailer. Big Box chains have taken over much of the retail space, e-commerce is increasingly threatening brick and mortar stores, and consumers are more demanding than ever.
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.
Home-based franchises have some real advantages. If you go with a home-based franchise opportunity, you don't have to rent an office, commute, or deal with all the myriad issues that go with a business location.
It is easy to see why getting franchise loans may be somewhat easier than gaining financing for other types of small businesses. Franchises, to some degree, come with their own set of marketing research and sort of a ready-made business plan that takes a lot of work out of the business owner's hand. It also mitigates a lot of risk for the lenders.
There are many advantages to buying a franchise over starting a business from scratch. Ordinarily a franchise offers the owner a degree of security and stability, with help, advice, and support at hand should any problems arise. There are drawbacks, however, such as the restrictions on what you can and can't do with the business being a prime example.
You're researching franchise opportunities and you see a negative review. What does this mean to you as a potential franchisee? What does it tell you about the business?
When it comes to franchise territories, bigger doesn't always mean better. Here are tips from Franchise Solutions on understanding franchise territories when considering buying a franchise.
The American Dream—owning your own business—is the source of plenty of great stories. One is the story of the technician: the lady who makes such great cupcakes that all her friends encourage her to open a bakery. The alternative is the executive style franchise.
Franchise Solutions offers some mistakes you'll want to avoid when finding a business.
Will your franchise business plan be affected by the government shutdown? It's possible.