Franchise Center
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Franchise Center
Building a Second Franchise Business
If you already own a successful franchise, you might be ready to consider opening a second business. Here are some of the factors to consider if you’re thinking of taking the plunge.
Is Starting a Business Safer Than a Job?
For some people in this economy, downsizing and rehiring has become a boom and bust routine. And over time, it can wear an individual down with anxiety. That’s usually when some become fed up enough to consider starting a business of their own.
Meeting Franchise Business Requirements
Stringent requirements for becoming a franchise owner can be frustrating when you’re looking for a franchise business opportunity. You may feel that net worth or experience requirements are freezing you out when you deserve a chance.
Future Franchisees, Do You Shoot from the Hip?
Are you the plan-ahead kind? Do you like to know just what is coming up and when? Or are you the kind who likes surprises—the fly by the seat of your pants, shoot from the hip type?
Embrace the Retail Resurgence
Ever dreamed of selling goods or merchandise from your own location? Consider these businesses to help consumers get their needs met this holiday season and year-round.
How to Be a Perfect Franchisor
Most articles concerning franchising concentrate on the benefits of buying a franchise and what a franchisor should look for in the perfect franchisee. Very few, if any, flip the coin over to look at the other side that asks the following question: What makes a perfect franchisor?
Love the Model, Not the Product
When searching for a business to own that you are sincerely interested in, look deeper than the product. While demand for the product or service is an important piece of the successful business formula, it is not what the business owner is going to live, eat and breathe every day—it’s the model of the business.
Does a Low-Cost Franchise Mean a Low Return?
With a low cost franchise, you will typically be looking at the opposite end of cost factors than the higher-priced category. Items such as less employees, less physical space needed (sometimes none at all!) and less overhead to get started are all valued features of lower-cost franchises.
Building a Fan Base for Your Franchise Business
During your franchise search, you’ve probably seen photos of long lines at grand openings and stories of people driving from far away when a new franchise location opened just to get a taste of their products.
Networking for Your Franchise Business
Networking can really help grow your business—including a franchise business. The name recognition your franchise already has can help you gain attention and clout more easily in organizations like the Chamber of Commerce or the Rotary Club, so it makes sense to take advantage of opportunities to speak or to head up committees in these groups.
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