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Franchise Center
Interview 6-8 Franchisees During the Due Diligence Process
Interviewing people who have purchased the system before you is really the mid-way point of the due diligence process when buying a franchise and, is one of the most important parts of the process.
Do You Want a Controversial Franchise?
You might not even know that the franchise you’re considering is controversial or has been controversial in the past. Here are some examples of franchise controversies:
Local Sponsorships Drive Your Business
This week’s blog is going to delve a little deeper into the franchise journey, as we explore using local sponsorships to drive business opportunities. The aim, of course, is to provide some key advice and angles for getting your franchise noticed and utilized by new customers.
Continue Your Education as a Business Owner
This week’s blog is going to delve into territory reserved for existing franchisees who desire a continuing education for the small business owner. We feel it is also important to maintain and nurture your franchise after you’ve set up a successful business.
Can You Bootstrap a Franchise Business?
The expression started out as “pulling yourself up by your bootstraps”—an impossible thing to do, so in the 19th century it meant a tall tale or an impossible claim.
Franchise Turnover Rates
A franchise’s turnover rate is the percentage of franchise locations that close in any given year. We found that about half the franchises in the data we checked had turnover rates of 10% or less.
Planning for Innovation with Your Franchisor
Franchises range from companies that are dedicated to keeping their products and services fresh to companies that take a “Don’t fix it if it ain’t broken” position.
Is It a Franchise or a Lease?
2014 was an exciting year for franchises from a legal point of view, filled with high-profile cases that hit the headlines.
The Top 6 Things That Might Kill Your Franchise
FranNet presents the top six things that will kill your franchise. It’s a helpful primer of what not to do once you’ve signed your franchise agreement, had the grand opening and begun on your entrepreneurial path.
Are You Aware of All the Costs of a Franchise?
Deciding which franchise business opportunities you should invest in requires a lot of research and serious thought. One of the most important areas of the research and decision making process is the financial arena.
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