Franchise Center
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Franchise Center
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?
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?
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.
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