A franchise business is one in which the owner (franchisor) sells to a third party (franchisee) the name, logo or the rights of the business so that a replica of his/her establishment is set up. The franchisee sets up the place in a similar manner to the franchisor’s establishments. This includes wearing the same uniforms […]
Franchise Business
How to Make Sure You’re Choosing an Adaptable Franchise Model
Now more than ever, entrepreneurs want a crystal ball to predict which franchises will continue to thrive in this “new normal.” Unfortunately, we can’t see the future, but our decades of experience have taught us one of the most crucial aspects of long-term franchise brand success is adaptability. So, how do you make sure you’re […]
What Multi-Brand Franchise Ownership Actually Looks Like
Whether you are looking to expand your franchise portfolio or looking to start your first franchise venture, multi-brand franchise ownership could be an option for you. Explore what that means—and what it entails—for multi-brand franchise owners. Multi-Brand Franchise Ownership Multi-brand franchise ownership is exactly what it sounds like: owning franchises of two or more different […]
Daily Financials That Franchisees Need to Keep Their Eye On
Although there can be some complex aspects of financially managing your own business (we’re looking at you, tax season), the financial information franchise owners need to pay attention to every day is pretty simple. At the end of each day, you should know the money that came in, the money that went out, and how close your […]
What Happens at Franchise Conferences?
Franchise conferences and conventions can be a great resource for franchisees or anyone exploring franchise opportunities. In addition to being an excellent learning experience, franchising conferences are a chance to meet other franchisees or franchise representatives. But a lot happens at conferences. And it can be overwhelming. We have your peek behind the curtain so […]
2020 Franchising Trends
As 2019 comes to an end, let’s take a look ahead. What trends and changes can we expect to impact the franchising industry in the coming year? Read on to find out which 2020 franchising trends we’re keeping an eye on. The Integration of Tech Technology is an increasingly important part of our lives—and the […]
How Creative Can You Be with a Franchise?
One of the benefits of being part of a franchise system is having a path set out for you. But one of the benefits of business ownership is being able to do things your own way. Is that even possible within a franchise system? Short answer: yes! There are ways to be creative even within […]
How to Get Involved in Your Local Business Community as a Franchisee
One of the benefits of being a franchisee is the community you’re a part of; you’re connected with the other franchisees in your organization. But most of those franchisees will be in other territories or markets. Connecting with other members of the business community, at the local level, is a great way to build connections and grow your […]
Should Your Franchise Be on Social Media?
Social media has evolved. It’s no longer just a tool for connecting with old friends or sharing vacation photos. More than ever, social media allows customers to interact with businesses—and for businesses to interact right back! Many brands have corporate accounts on various social media platforms, but that gets a little complicated for brands that […]
Why Buy a Franchise? Three Reasons
You think you’re ready to take the plunge into business ownership, and then the big question hits you… “Do I start my own business from scratch, or do I go with a business template, such as a franchise?” This is a question that may not have a set answer for everyone. First, you must decide […]
