Posts Tagged ‘Franchise Business’
Choose the Right Franchise Relationship for You
Franchises are growing so much that you can probably find a franchise option for almost any kind of business you’re interested in these days. In fact, you can probably find multiple options. If you’ve made a spreadsheet and you’re still having trouble narrowing down the choices, maybe you need to get back to fundamentals. Your involvement with…
Read MoreA Healthy Franchise System
Wouldn’t it be great if you could tell for sure which franchise business opportunity would be a winner, and which would not—before you made an investment? A new study might help make that a reality. FranchiseGrade conducted a study of seven years of data from 243 franchises, and was able to distinguish the characteristics that…
Read MoreMulti-Unit Franchise Ownership
While driving down the road, have you noticed there are more of the same franchises popping up in surrounding areas? Perhaps you’ve seen three Dunkin Donuts within a 10 mile radius. These are likely to be owned by a multi-unit franchisee. What is Multi-Unit Franchise Ownership? A multi-unit franchise involves a franchise agreement which provides…
Read MoreFranchise Decision: Big or Small?
There are franchises with thousands of locations, and there are franchises with just a few dozen… or a mere handful. Jan-Pro cleaning service, for example, has 11,000 units. Domino’s Pizza has 11,285. 7-11 has 51,000. Parking lot painters We Do lines, on the other hand, have 11. Which is right for you? Related Article: 3…
Read MoreFranchise Success Requires Differentiation
As you’re searching for the perfect franchise business operation, you might find yourself thinking, “Gyms are so popular—I should invest in a gym!” or “Look at all the coffee shops—I should open a coffee shop.” Herd thinking is one of the most natural thought patterns for human beings. It probably helped keep our distant ancestors…
Read MoreGet to Know the Other Franchisees
As you move forward with your due diligence and continue to gather research on the variety of opportunities the franchise world has to offer, don’t forget to really spend time talking with the existing franchisees of the businesses at the top of your list. Investigating their experience with the business and learning about the process…
Read More3 Steps for Choosing a Franchise
Setting your own schedule. Being your own boss. Taking control of your professional and financial path. These visions float through the mind of many individuals feeling stuck in their current careers. They view the world of franchising as their ticket to running their own business and enjoying the freedoms of entrepreneurship. If you have identified…
Read MoreFranchise Success Rates
Choosing a franchise opportunity is a big decision, and big decisions are usually risky. So it’s natural to try to get some kind of idea of your chances of success before you take the plunge. Natural, but not easy. Ask Google about the success rates for franchises and you can find numbers ranging from 95%…
Read MoreChoosing a Franchise: Goods or Services?
Are you passionate about puppies? Do you dote on doughnuts? Often, the choice of which franchise business you should invest in comes down to the industry it’s in. You care about cars, so you naturally think of an automotive franchise, or you have experience with e-cigarettes so you head for a vapor parlor franchise business.…
Read More4 Screens Potential Franchise Investors Must Pass
You’re planning to invest in a franchise, and you’re probably shopping around. You’re checking out the various options, thinking about your personal goals and preferences, talking with other franchisees—really scoping out all the businesses you’re considering. That’s what you should be doing. Getting plenty of information helps you determine with confidence which franchise opportunity is…
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