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The Sharing Economy and Your Business
There’s a brand new world of transactions forming and it’s named the sharing or collaborative economy. The standard definition of this new trend is an economic model for individuals to borrow or rent assets owned by someone else.
Why Do You Want to Buy a Franchise?
Why do you want to buy a franchise? What are your goals? A surprising number of people don’t have a particular goal. They want to “try it out” or they’ve always dreamed of owning a business or they want to be their own boss.
How Will Franchising Affect Your Family?
When you’re getting ready to make your franchise business investment, it makes sense to think about how your life will change once you’re a franchisee. But you may also want to think about how your family’s lives will change.
A Checklist for Better Decision Making
Whether you are a franchise business owner or an entrepreneur, the choices you make each day will have a huge impact on yourself and others. Make sure the choices you make are the right ones with this quick checklist.
Seasonal Franchises: A Good Thing?
We’ve seen toy stores that made 90% of the year’s revenue in the run-up to Christmas, wedding services that were busy all summer and scraped along through the winter, and tax services that didn’t even stay open outside of tax season.
Get the Most from Franchise Training
One of the benefits you get in exchange for your franchise business investment is training. This is a very valuable part of the package.
Millennials: Let’s Get It All on the Table
To the millennials I say: prove you’re a hard worker and strive for success. To everyone else: Let them.
Franchise Business and Risk
Choosing a franchise involves putting in money as well as time, while being hired does not. This adds an extra layer of risk for franchisees. On the other hand, franchisees also have an extra layer of control.
Does the Franchise You’re Considering Protect Its Brand?
You want a franchisor that will protect its brand. Look for evidence of firmness about a consistent experience in the franchise agreement documents and in the conversations you have with current franchisees.
Build a Legacy for Your Family
If there’s one thing we can always count on, it’s that families will continuously love and protect each other. A parent’s wisdom provides reason and caution through countless decisions and situations.
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