Posts Tagged ‘Franchisee’
Interviewing Franchisees
Buying a franchise is a big, life-changing decision and is cause for proper research. After all, you’re not just investing your money; you’re investing your time, talent and skills. You might also be investing your blood, sweat and tears. Due Diligence Be sure to conduct what those in the franchise industry call “due diligence.” The…
Read MoreFranchising 101: What is an Area Developer?
As more and more franchises move toward multi-unit growth, area developer franchisees are also becoming more popular. If you’re looking for multi-unit franchise opportunities, you might consider area development. Here’s How It Works Area developers are similar to multi-unit operators except they commit to opening a greater number of units encompassing a larger territorial area…
Read MoreFranchising 101: What is a Master Franchisee?
If you’re a more skilled and seasoned business executive with big dreams, area development might be for you. Multi-unit franchisees are also considered area developers; the franchisor requires the area developer to open a certain number of units by a specific date. Not only do area developers pay less per unit than if they were…
Read MoreBenefits of Home-Based Franchises: Rise of the Solopreneur
There’s no longer a stigma against those who work from home. In fact, 43 percent of the United States workforce works remotely, while nearly 50 percent of small businesses are home-based and generate more than $400 billion per year. Forbes says the rise of the solopreneur means increased interest in home-based franchise opportunities. Franchising is when a franchisor grants the rights to their…
Read More6 Mistakes to Avoid as a First-Time Franchisee
You finally found the golden franchise opportunity right for you. It’s exhilarating, especially since you spent so much time looking for the perfect fit. There’s so much to look forward to. But be forewarned not to let the excitement of owning a business blind you from the reality of it all. Launching a franchise requires…
Read MoreThe Basics of Franchising: What You Need to Know
Franchising is when a franchisor grants a franchisee the rights to sell their products and/or services. The two enter an agreement that allows the franchisee to use the franchisor’s methods, operations, systems, brand name and other intellectual property to grow their business. Franchisors often provide ongoing training to support the success of the proposed business…
Read MoreThe Basics of Franchising: What You Need to Know
Franchising is when a franchisor grants a franchisee the rights to sell their products and/or services. The two enter an agreement that allows the franchisee to use the franchisor’s methods, operations, systems, brand name and other intellectual property to grow their business. Franchisors often provide ongoing training to support the success of the proposed business…
Read MoreSingle-Unit vs. Multi-Unit Franchise Ownership
Single-unit franchise ownership is much different from multi-unit franchise ownership. The two types of operators often have different business goals and priorities. So, how do you decide which is right for you? As always, America’s Best Franchises has got you covered with all the pertinent details to help you make a decision. Although both types of ownership…
Read MoreGlossary of Franchise Terms
Considering franchising as a business opportunity? Like most industries, franchising has its own language. Familiarizing yourself with the lingo before beginning your search for the perfect franchise can help ease the research process. Absentee Ownership: An absentee owner uses a manager-run model where they hire someone to manage day-to-day operations. This allows an absentee owner to…
Read MoreWhat to Expect When You Purchase a Travel Agency Franchise
For those looking for the magical sweet spot between “I wanna be my own boss” and “I want to travel more,” owning a travel agency franchise can be a perfect arrangement. It offers freedom in your employment, and freedom in your leisure. And, as an added bonus, the two will frequently overlap. That doesn’t mean…
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