Posts Tagged ‘Franchise’
Choosing a Franchise: Quality Control
McDonald’s is the quintessential franchise example for many reasons, but one of the most important has to be the concept of standardization. Travelers could be sure of what they were getting at McDonald’s, so the sight of the Golden Arches during a long road trip could be a relief.
Read More Franchise Words: Advertising Fee
The advertising fee pays for the ad campaigns and advertising to promote the franchise. One of the most important times for a system’s advertising efforts is during the grand opening of the franchise.
Read More Why Buy a Franchise Instead of Starting Something Yourself?
If you are reading this, you are thinking of jumping off the treadmill and going it alone. Congratulations! For me, starting a business was the best career decision I ever made. The second best career decision was buying a franchise. Is a franchise right for you, though? That depends.
Read More How to Franchise a Business
If you have a successful business and have determined that it is “franchise-able,” meaning you have evaluated its potential and found that it can in fact be duplicated well and offer beneficial returns as a franchise, these are the next steps to take.
Read More Franchises and Business Opportunities
We’re all familiar with comparing the similarities and differences between two things, but unless you’re a business aficionado you may not be familiar with franchises versus business opportunities.
Read More How Much Money Can You Make as a Franchisee?
When investigating a franchise opportunity, one of the most difficult pieces of information to get from the franchisor is how much money you might make. This may be frustrating because you are not going to invest in a business until you have a good idea of what you can earn.
Read More If the Shoe Fits: Finding the Right Franchise to Fit Your Needs
Choosing a franchise to invest in is a lot like finding the perfect pair of running sneakers. You need to find one that will fit your needs and give you the support that you are looking for. Choosing the brightest, shiniest pair of kicks off the wall is not necessarily going to buy you happiness.
Read More How to Franchise Your Business
Do you own a successful business? Do customers frequently tell you that you should consider franchising your business? While customer loyalty is a hallmark of a thriving business, and franchising is one of the most effective methods for growing and expanding a business, there are several other crucial factors to evaluate in order to determine whether franchising your business is the right growth strategy to pursue.
Read More Putting Your Best Foot Forward: How to Impress and Court a Franchise Company
In any business venture between two parties, both parties are interviewing and evaluating each other. There is no difference in a franchise/franchisee relationship. For the franchise company to be successful and therefore a good investment for potential franchisees, a fair amount of vetting must be done not only by the potential franchisee, but by the franchisor.
Read More It Pays to be Neighborly: Franchises Building Relationships with the Community
Everyone loves the neighbor who plans block parties, waters your plants while you’re away on vacation, and does their part to make the community a better place. One of the magical things about owning a franchise is the fact that you can be that neighbor and benefit your entire community.
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