Posts Tagged ‘Franchise’
6 Discussions That Should Take Place Before Discovery Day
Think you’ve found a qualified and serious franchisee? Fantastic. The next step is to host a Discovery Day, where you will give this person an inside glimpse at running a franchise of your company and, ideally, conclude the day with a verbal confirmation that you will send them a final agreement to sign and become…
Read MoreWhat is the Most Profitable Franchise to Own?
If you’re looking to build your own business, buying a franchise is a great way to go. It has all the advantages of entrepreneurship with less risk because you’re joining an already-successful brand. So if you’re ready to be your own boss and take charge of your financial future, consider franchises a ready-to-go package. But…
Read MoreSmall Business Tips: How to Expand Your Business
Congratulations on successfully starting your business! If you’re ready to take the next step, but don’t know exactly how to go about that, here are some ideas for thinking about growing your business. Turn your business into a franchise – If your business model is easily replicated, and you want to see your business grow…
Read More5 Best Franchise Investments for Millennials
When someone says “franchisee,” the image that comes to mind is usually a middle-aged man or woman. But over the past decade, there’s been a dramatic shift in the industry. As a result, a new generation of business leaders is emerging. These leaders are our twenty-somethings, otherwise known as the millennial generation. Millennials have grown…
Read More5 Hottest Franchise Options for Veterans and Why
According to the International Franchise Association (IFA), veterans own one out of every seven franchises in the United States. Why? Franchising allows veterans to translate the very same skills and knowledge gained while serving our country into a long-term profession. Veterans are trained to work and serve within the system that is the military. No…
Read More5 Ways to Know if Your Small Business Has Franchise Potential
It’s important as a small business owner to evaluate different options to expand your business in the future. One choice that can be very attractive is franchising. It could allow your business to grow quicker than it might otherwise, without the kind of capital investment required if you do it alone. Taking your small business…
Read MoreIs Franchise Ownership the Right Choice for You?
Being able to work for yourself and not someone else is a compelling idea for many people. You may just be starting your career and dreaming of building a business. Or, you may have had a long and successful corporate career and are longing for something more—additional money, greater flexibility or the chance to focus…
Read MoreFinancing Your Franchise Investment Through Bank Loans: What You Need to Know
Franchise ownership is an ideal way to make the leap to being a business owner. The great thing about becoming part of a franchise system is that your leap comes with the support and guidance of an established business. But, if you’re considering this path, you must think about the financing option that is right…
Read MoreConsidering Opening a Retail Franchise? Here’s What You Need to Know
While it is true that online shopping has experienced significant growth in recent years, retail shopping in brick and mortar stores remains healthy and by far America’s preferred way to shop. According to “The State of Retail, 2017,” a report produced by TimeTrade.com, consumers still believe there is no substitute for the kind of service…
Read MoreThe Most Common Franchise Terms and What They Mean
Searching for the right franchise opportunity can seem overwhelming, but having a good understanding of the phraseology will make the task that much easier. To help you begin the investigation process, here is a list of the most common franchise terms you will hear and what they mean for you. Advertising Fee: A contribution paid…
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