Franchise Center

Franchise and Independent Business: Would You Swap?

Robin had her own cleaning service. She operated out of her apartment, but planned to own a building in the future. When she signed on more clients than she could handle, she recruited friends and…

Consider the Legal and Financial Aspects of Owning a Franchise

As with any major investment, the best decision can be made only if you’re as informed as possible. You need to spend a good deal of time researching, interviewing and exploring your options—and a part…

Is It Possible to Own a Franchise After Years in the Workforce?

In a word, yes! However, you’re the only one who can convince your stubborn, scared self that it’s possible. Spending years in corporate America or working for other small/large businesses doesn’t have to cripple your franchise…

How Big is Franchising Anyway?

The number of franchise establishments in the United States has grown to 781,794 – the highest it has ever been. Along with the steady growth, the International Franchising Association (IFA) projects the industry to continue its impressive…

6 Keys to Determining if Your Business Can Be Franchised

If you’ve gotten to the point of exploring franchising your business, let’s take a moment and celebrate your success. You’ve worked hard to develop your company, spending long nights and weekends toiling to build something…

Franchise Health: How to Get a True Read

Investing in a franchise is no small commitment. Depending on the longevity and brand recognition, the initial franchise fee could be anywhere from $10,000-$50,000 for a single unit. Add that to the initial start-up cost…

The Franchise Supply Chain

When you think about your franchise investment, you may see yourself welcoming customers into your franchise or relaxing on the boat your franchise business will buy you. You should also be thinking about your supply…

multi-unit-franchising-is-very-popular

Multi-Unit Franchising is Very Popular

Multi-unit franchising—that is, investing in more than one franchise location at the same time—is becoming a popular approach to franchising, with franchisees and with franchisors.
the-licensing-downfalls-for-a-business-model

The Licensing Downfalls for a Business Model

When it comes to choosing between licensing and franchising, proceed with caution. Licensing works better for products or intellectual property. A perfect example is software.
what-makes-a-great-franchise-

What Makes a Great Franchise?

If the franchise you are looking at doesn’t have a strong business system or a proven business model, then cross it off your list and move on. What is the difference?

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