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Home / Archives for Franchisee

Franchisee

What Multi-Brand Franchise Ownership Actually Looks Like

Mar 11, 2020 By Bill Bradley

Whether you are looking to expand your franchise portfolio or looking to start your first franchise venture, multi-brand franchise ownership could be an option for you. Explore what that means—and what it entails—for multi-brand franchise owners. Multi-Brand Franchise Ownership Multi-brand franchise ownership is exactly what it sounds like: owning franchises of two or more different […]

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

Daily Financials That Franchisees Need to Keep Their Eye On

Feb 24, 2020 By Bill Bradley

Although there can be some complex aspects of financially managing your own business (we’re looking at you, tax season), the financial information franchise owners need to pay attention to every day is pretty simple. At the end of each day, you should know the money that came in, the money that went out, and how close your […]

Filed Under: Franchise Center Tagged With: Data, Financial Management, Franchise Business, Franchisee

What Do I Need to Know Before I Buy a Franchise?

Feb 12, 2020 By Jeffrey Goldstein

Buying a franchise is a complex, long-term investment that has the potential to change your life. If your business succeeds, you may never have to work for someone else again. If it doesn’t, you could lose your investment, and you could find yourself bound by strict non-competition covenants that prevent you from using what you’ve […]

Filed Under: Franchise Center Tagged With: Due Diligence, Franchise, Franchisee, Franchisor

Why Buy a Franchise? Three Reasons

Sep 18, 2019 By Jania Bailey

You think you’re ready to take the plunge into business ownership, and then the big question hits you… “Do I start my own business from scratch, or do I go with a business template, such as a franchise?” This is a question that may not have a set answer for everyone. First, you must decide […]

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

The Right Franchise for Your Climate

Aug 23, 2019 By Bill Bradley

Once you’ve decided to become a franchisee, you have to choose a franchise to invest in. There are many factors to take into account. How comprehensive is the training program? What is the required investment? What are the pros and cons of the business model? In addition to these questions, it’s important to consider where your […]

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

6 Reasons Franchise Businesses Fail and How to Avoid Them

Jul 18, 2019 By Bill Bradley

As an investment and a point of personal pride, you want your franchise business to succeed. So does your franchisor, your customers, and your employees. So, as you begin your franchise journey, let’s look at some reasons franchises fail and what you can do to avoid them. 1) Lack of Capital We’re putting this right […]

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

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

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

The Rise of Multi-Unit Franchise Ownership

Apr 30, 2019 By Bill Bradley

The franchise industry is seeing rapid growth in multi-unit franchising, and it’s a trend that won’t be going anywhere any time soon. The biggest reason for this is multi-unit franchising provides an opportunity for tremendous (and stable) growth and wealth creation for all parties involved—the brand, franchisor and franchisee. The International Franchise Association (IFA) says multi-unit operators are changing […]

Filed Under: Franchise Center, Startup Tagged With: Franchisee, Franchising, Location

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From the Editor’s Desk…

What We’re Reading

Leading With Gratitude, by Adrian Gostick and Chester Elton
Research shows that grateful bosses have happier more productive workiers and they fare better themselves. Here’s how to do gratitude right

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Blue Collar Cash: Love Your Work, Secure Your Future, by Ken Rusk
Guidance to those who want to skip the student loans and 4 years and pursue blue-collar careers that lead to success, from someone who did it.

Making Conversation, by Fred Dust
When work meetings become joyless time suckers, here’s advice for conversations designed to move things forward with clarity and context.

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