Bill Bradley
Bill Bradley is founding member and CEO of America’s Best Franchises, LLC. Bill founded three financial services firms, Ocean Shores Ventures, Denali International and William Bradley Enterprises. In addition, to launching America’s Best Franchises in 2005, Bill orchestrated approximately 20 private equity transactions in excess of $31 million, and launched five specific purpose private equity partnerships.
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Starting a Franchise Business: Is It Time to Quit Your Day Job?
Surveys routinely find that more than half of Americans want to own their own businesses — and we see even higher percentages among specific groups. For example, 64% of young Latinos see entrepreneurship as their goal.
Succeeding as a Franchise Owner
Succeeding is what it is all about. Suddenly, you will realize that you have been making all the right choices. That single unit franchise you bought is producing cash flow.
Franchisee Troubles
No one goes into a business deal expecting troubles, but troubles can come up. Make sure you fully understand the situation before you sign the contract.
How Does That Franchise Handle Upgrades?
Some franchisees find themselves in this happy position—and then the franchise “upgrades.” In other words, they make changes across the brand, and franchisees have to go along with those changes.
What Do Franchise Turnover Rates Mean?
Item #20 of the Franchise Disclosure Document gives the FTR percentage, or Franchise Turnover Rate. This item can really bring up the problem some statisticians call the Memorial Day issue: looking at a number out of context doesn’t tell you much.
Intent Marketing for Franchises
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.
Choosing a Franchise: Quality Control
McDonald’s is the quintessential franchise example for many reasons, but one of the most important has to be the concept of standardization. Travelers could be sure of what they were getting at McDonald’s, so the sight of the Golden Arches during a long road trip could be a relief.
Franchise Business’s Profit and Loss
When you’re searching for the right franchise, you’ll have lots of documents to read, plenty of people to talk to, and advice from all sides. One piece of the puzzle that many future franchisees overlook is the profit and loss statement (P&L) from your potential franchisor.
Do You Want to Be a Ground-Floor Franchisee?
Should you franchise with an established brand or a newcomer? If you’ve found the perfect franchise business opportunity, you may not care whether it has been around for two years or for a century; if you’re still scouting around, this might be a factor that helps you decide.
Employee Retention in a Franchise Business
Businesses where higher-level employee skills are integral to the business typically need to place a higher emphasis on employee retention than businesses where training new employees is less costly.