Posts Tagged ‘Franchisee’
Get to Know the Other Franchisees
As you move forward with your due diligence and continue to gather research on the variety of opportunities the franchise world has to offer, don’t forget to really spend time talking with the existing franchisees of the businesses at the top of your list. Investigating their experience with the business and learning about the process…
Read MoreThe Role of an Exit Plan as a Franchisee
Going through the purchasing phase of a franchise spikes the adrenaline and fills your mind with endless optimism. That’s great! You should be energized by your new endeavor. But let’s pause here for a moment. Do you plan to retire from this job? What are your long-term goals? Do you plan on pursuing other opportunities?…
Read MoreFranchise Success Rates
Choosing a franchise opportunity is a big decision, and big decisions are usually risky. So it’s natural to try to get some kind of idea of your chances of success before you take the plunge. Natural, but not easy. Ask Google about the success rates for franchises and you can find numbers ranging from 95%…
Read More5 Tricks for Due Diligence on a Franchise
If you’ve been exploring the waters in the world of franchising, you’ve come across the term “due diligence.” This marks the final phases of committing to purchase a franchise. By this point you’ve: Chosen a franchise model; Determined regional appeal; Completed market research and analysis. You’re convinced that this franchise is a business you want to…
Read MoreFranchisees Getting Involved with the Community
Successful franchisees know that they can’t leave all the marketing efforts to the franchise corporate office. When you think about which franchise business opportunity to choose, you should consider what kind of marketing strategies will work for each franchise you consider, and what resources you have in those areas. One type of marketing that can…
Read MoreHow Big is Franchising Anyway?
The number of franchise establishments in the United States has grown to 781,794 – the highest it has ever been. Along with the steady growth, the International Franchising Association (IFA) projects the industry to continue its impressive expansion for a fifth consecutive year. When talking about the franchise industry, some may debate the many benefits of such…
Read MoreMulti-Unit Franchising is Very Popular
Franchise Business and Risk
Interview 6-8 Franchisees During the Due Diligence Process
Can You Build a Franchise Business without Employees?
