If you already own a successful franchise, you might be ready to consider opening a second business. Here are some of the factors to consider if you’re thinking of taking the plunge.
Franchising
Is Starting a Business Safer Than a Job?
For some people in this economy, downsizing and rehiring has become a boom and bust routine. And over time, it can wear an individual down with anxiety. That’s usually when some become fed up enough to consider starting a business of their own.
Meeting Franchise Business Requirements
Stringent requirements for becoming a franchise owner can be frustrating when you’re looking for a franchise business opportunity. You may feel that net worth or experience requirements are freezing you out when you deserve a chance.
Future Franchisees, Do You Shoot from the Hip?
Are you the plan-ahead kind? Do you like to know just what is coming up and when? Or are you the kind who likes surprises—the fly by the seat of your pants, shoot from the hip type?
How to Be a Perfect Franchisor
Most articles concerning franchising concentrate on the benefits of buying a franchise and what a franchisor should look for in the perfect franchisee. Very few, if any, flip the coin over to look at the other side that asks the following question: What makes a perfect franchisor?
Networking for Your Franchise Business
Networking can really help grow your business—including a franchise business. The name recognition your franchise already has can help you gain attention and clout more easily in organizations like the Chamber of Commerce or the Rotary Club, so it makes sense to take advantage of opportunities to speak or to head up committees in these groups.
5 Franchising Myths Perpetuated by Your Neighbor
Below, we tackle five kinds of myths about franchising that are fairly common, and which we are set to debunk. Do you feel that you’re ready to get started?
5 Reasons SBA Loans Make Financial Sense for Small Franchise Businesses
The franchise industry is showing signs of economic recovery after the global financial crisis in 2008. Recent statistics from the International Franchise Association reveal that the industry showed healthy signs of growth in 2012, especially in the food service, hospitality, and construction sectors.
Franchising: The Advantages and Drawbacks
There are many advantages to buying a franchise over starting a business from scratch. Ordinarily a franchise offers the owner a degree of security and stability, with help, advice, and support at hand should any problems arise. There are drawbacks, however, such as the restrictions on what you can and can’t do with the business being a prime example.
Franchise Opportunities and Negative Reviews
You’re researching franchise opportunities and you see a negative review. What does this mean to you as a potential franchisee? What does it tell you about the business?
