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Home / Archives for Franchise Business

Franchise Business

How to Market Your Franchised Business Locally

Jul 9, 2019 By Bill Bradley

You did it! You’re a franchise business owner. And while one of the reasons you decided to franchise was to own a business with a proven system and brand recognition, including national advertising campaigns, you still have to think about marketing in your local community. Isn’t That What the Brand Fund Is For? Franchises didn’t […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchisee, Marketing

Traits of Successful Franchise Owners

Jun 11, 2019 By FranchiseSolutions.com

Owning a franchise is the best way to become your own boss, but not all franchise owners are equal. Here are 10 things successful franchise owners have in common. If you are looking to make a plunge into the exciting and often challenging world of franchise ownership, it doesn’t hurt to learn from the crème de […]

Filed Under: Franchise Center Tagged With: Character, Franchise Business, Franchisee, Personality

2019 Franchising Trends: The State of Franchising

Jun 6, 2019 By Bill Bradley

The franchise space is experiencing rapid expansion. Consumer trends are shifting while technological advances are pushing franchisor boundaries—so much so, your friendly experts at America’s Best Franchises say it’s safe to expect continued growth in the franchising industry over the next few years. In the meantime, let’s take a look at the state of franchising […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchising, Trends

Franchise Succession Planning: What’s Your Exit Strategy?

May 21, 2019 By Bill Bradley

Planning to exit a franchise system is just as important as choosing to be part of one. While passing down your business to a loved one can strengthen your relationship, it can also be a pretty complicated process. To make the process even more complex, most franchisors must approve your successor. William Slater Vincent, a […]

Filed Under: Franchise Center Tagged With: Exit Strategy, Franchise Business, Succession Planning

Love the Franchise Model, Not the Product

May 20, 2019 By FranchiseSolutions.com

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 franchise model of the business. How […]

Filed Under: Franchise Center Tagged With: Business Model, Franchise Business

Franchising Basics: Understanding Franchise Territories

May 14, 2019 By Bill Bradley

While researching franchise opportunities, you’ll come across many using verbiage similar to “ask about exclusive territories” or “protected territories available.” It’s easy to jump to the conclusion that “territory” means no other franchisees in your franchise system can open a location in your exclusive/protected geographic area. Unfortunately, that’s not always the case. Although “exclusive” and […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchisee, Location

How to Spot a Bad Franchise Opportunity

May 7, 2019 By Bill Bradley

So, you’re going down the black hole of endless research for the perfect franchise opportunity. And for good reason: It would be naive to assume every franchise you come across is a good investment. How do you figure out which is the opportunity with the lowest risk and highest probability for success? Here are some […]

Filed Under: Franchise Center Tagged With: Franchise Business, Getting Started, Mistakes

Tips When Looking for a Good Franchise

Apr 18, 2019 By FranchiseSolutions.com

I’ve been asked “How to spot a good franchise” 100’s of times in my 20 years in franchising. The answer has never changed in my mind… it depends… Check the Financial Performance You can certainly determine the ‘health’ of any franchise company by reviewing the legal disclosures in its Franchise Disclosure Document or FDD. After verifying you meet […]

Filed Under: Franchise Center, Startup Tagged With: Franchise Business, Franchisees, Getting Started

Buying a Franchise: 3 Benefits of Ownership

Apr 9, 2019 By Bill Bradley

More than 30 percent of small businesses fail within the first five years of being open. This is largely due to the fact that start-up business owners have to figure out how to effectively run their business along the way. That’s why many entrepreneurs turn to franchising; it offers the potential for rapid growth at minimum costs. Often […]

Filed Under: Franchise Center, Startup Tagged With: Franchise Business, Franchising, Getting Started

6 Mistakes to Avoid as a First-Time Franchisee

Mar 26, 2019 By Bill Bradley

You finally found the golden franchise opportunity right for you. It’s exhilarating, especially since you spent so much time looking for the perfect fit. There’s so much to look forward to. But be forewarned not to let the excitement of owning a business blind you from the reality of it all. Launching a franchise requires […]

Filed Under: Franchise Center, Startup Tagged With: Franchise Business, Franchisee, Franchisor, Mistakes

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Run & Grow

11 Employee Benefits Millennials and Gen Z Value Most

Jul 4, 2022 By SmallBizClub

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5 Benefits to Using Freelancers for Your Small Business

Jul 1, 2022 By Lending Tree

Want To Deliver Better Customer Service? Follow These Tips

Jun 29, 2022 By Jeremy Bowler

5 Employee Training Programs That Will Change Your Mindset

Jun 28, 2022 By Efrat Vulfsons

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