Posts Tagged ‘Franchise’
Is 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…
Read MoreTop 10 Funding Sources for Your Franchise Venture
Many people dream of owning a business at one time or another but determining what products or services to offer can be difficult. Franchise businesses are an excellent option as these business ventures are already branded so that most customers are already familiar with the franchise and the product or service has been proven to…
Read MoreI Bought a New Franchise, Now How Do I Market It?
When it comes to marketing a new franchise, one thing you will have is an advantage over those that buy a new business. Why is this? The reason is you will have name recognition and advertising from both the regional and national levels, which will give you a very strong start. On average it takes…
Read MoreHow to Buy a Low Cost Franchise
Buying a low cost franchise is a great option for those who may have big dreams of business ownership but smaller pockets. Generally, low cost opportunities are those whose cash requirements range from less than $20,000 up to $100,000. Once you determine what you can afford, you can begin the search for your new business.…
Read MoreHow to Assess a Franchise Marketing Strategy
When it comes to owning a franchise, having a strong marketing message is crucial. It is important to find out how much your franchisor will be helping you both directly and indirectly in the sales process. There are many franchises that will require you to buy into their corporate marketing. Some will make it a…
Read MoreHow to Read the FDD’s Financial Performance Representations
Let’s be frank for a moment. The Financial Performance Representations, item #19 in the FDD, carry serious weight in determining if you purchase a franchise. It addresses the burning question driving every prospective buyer, “How much will I make running this franchise?” Yet, the complex financial performance representations displayed in the FDD are anything but…
Read MoreAvoiding Joint Employer Issues When Owning a Franchise
What is a Joint Employer Issue? A joint employer issue can happen when one company may end up supervising what at first glance could appear to be another company’s employees. If a company has direct and immediate control over another company’s employees, it will be considered a joint employer. An example of this is when…
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