Posts Tagged ‘Franchise Business’
How to Find the Right Location for Your Franchise
It’s true what they say: location is everything when it comes to a brick-and-mortar store. In fact, not paying attention to location is one of the top reasons businesses—particularly restaurants—fail in their first year. Where Franchisees Go Wrong in Choosing a Location Before we get into tips for selecting the most strategic location for your franchise,…
Read More4 Things to Know About Working with a Business Broker
Brokers can be a great mechanism to rapidly grow your franchise. Particularly for corporations without the financial means to employ in-house staff or purchase leads out of the gate, it’s a cost-effective route to go. At PLAYLive, we have used brokers to bring in over 50% of our franchisees. Like any business relationship, there are different…
Read MoreWhat Makes One Franchise Opportunity Better Than Another?
When you look at a franchise directory, it can be overwhelming. Even if you know the category of franchise you’d like to invest in, there can be dozens of options. What makes one franchise opportunity better than another? In fact, it’s not that one brand is better than another, but more than one is better for your…
Read More5 of the Best Home-Based Franchise Opportunities to Consider
Nothing beats working from the comfort of your home for many people. Zero commute, the ability to work in your PJs, and saving on overhead are just a few reasons people choose to open a home-based franchise. If the idea of working out of your home appeals to you, read on, because we’re going to share…
Read MoreUnderstanding Point of Cash Flow and Working Capital Requirements in Franchising
When it comes to starting a franchise, you know you’re going to need to have cash available to invest upfront. How much cash do you need and when can you start seeing some cash come into your business? Those are two of the most important considerations you’ll need to make. Let’s take a closer look…
Read MoreHow to Find the Perfect Food Franchise Opportunity for You
Do you love eating out? Consider yourself a foodie? If you’re looking for a type of franchise to open, a food franchise opportunity might be for you. Food franchises are among the most stable and fastest growing industries for franchising, which means there’s plenty of opportunity for you to make a profit. Still, you might easily be overwhelmed with…
Read MoreMy First 3 Years as a Co-Franchisor in Review
PLAYLive, the innovative gaming franchise I am a minority owner of, is rapidly approaching its third year. As any franchisor knows, launching a new franchise brings an oscillating journey filled with learning curves, small wins, and hard work. Mainly, the process has brought a wealth of knowledge and experience that I want to share with…
Read MoreFitness Franchise: Initial Costs and Fees to Consider
Love working out? Love helping others achieve their fitness goals? A fitness franchise might be a good option for you. But before you head to the bank to get your small business loan or home equity loan, you’ll need to establish a detailed business plan to fully understand the initial cost and fees even before…
Read MoreHow to Finance Your Franchise
Congratulations! You’ve given it tremendous thought and made the life-changing decision to buy a franchise. You’re excited, but now you need to figure out how you’re going to pay the franchise fees and initial start-up costs. Although you might have some idea in mind for how you’ll cover the expenses, you might still be wondering…
Read More10 Questions to Ask the Franchisor Before Signing on the Dotted Line
Buying a franchise is a major investment financially, emotionally and physically. There is a lot that goes into making your new business a success. By defining expectations up front, you can ease the transition into franchise ownership. To do this, you need some answers. Here are the top 10 questions to ask the franchisor before…
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