Some franchises are ideal for part-time work while caring for family or keeping a day job. Others need a full-time commitment, even before you open the doors. Franchises vary in the amount of work and effort they require, but starting a business is always challenging and time-consuming.
We know that franchise businesses are important in the U.S. as employers—about one third of all the revenue in the U.S. flows through franchises and one in 16 American workers is employed at a franchise. But ownership is not the same as employment.
Owning your own business is part of the American Dream. For decades now, choosing a franchise business has been just as likely an option for Americans who want to work for themselves as starting an independent business.
When you’re working to identify the ideal franchise business opportunity for your specific needs, your mind may be on costs and how you’ll prepare to become a franchisee. You may be thinking through the typical day of a franchisee in a particular industry, or…
Should you choose a franchise that you love to visit or where you love to shop? Yes and no. On the one hand, one of the big mistakes businesspeople make is believing that they represent their typical customer. Hint: you’re not.
So many relationships start off well. Each party in the relationship thinks about the other and tries to please. Minor differences are overlooked and the focus is on happy times and the great things about the relationship.
We know the benefits of the franchise model for business: franchisees use a tried and true model for business, benefiting from the experience of the franchisor as well as the support and economies of scale that come with the franchise system.
When you’re choosing the best franchises for your review, you’ll do plenty of research, including online research about the franchise. When you look at the franchisor’s website, though, you may need to look at it from two different points of view.
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.