Posts Tagged ‘Franchisor’
How to Run a Productive Discovery Day
The term “Discovery Day” can be a bit misleading. While there is certainly an element of discovery in a prospective franchisee visiting your company and meeting stakeholders for the first time, Discovery Day is meant more to be the final step toward signing an agreement. You should go into it expecting to conclude with something…
Read MoreRoadmap to Opening a Franchise
Opening a franchise business is not for the faint of heart. It is indeed a family decision that requires a great deal of preparation, planning, and self-evaluation. The entrepreneurial process requires that you evaluate the decision personally, sociologically, organizationally and environmentally. Personal Evaluation Level of Achievement – Degree of commitment – Entrepreneurs have a higher degree…
Read More5 Questions to Ask When Considering Franchise Ownership
Thinking of buying a franchise? Before you sign any papers, you need to be very thorough in your research about your prospect. Buying a franchise is a serious investment. When you sit down to talk to a potential franchisor, treat it like a job interview and have a series of questions prepared for them to…
Read MoreWhat Marketing Systems Should You Establish for a Franchisee?
In case you haven’t noticed, we’re in the midst of a marketing revolution. With the rise of social media, video, and whatever the next new platform brewing below the surface is, businesses can easily get overwhelmed when putting together a marketing plan. Yet, effective marketing becomes increasingly important in the face of stiff competition and…
Read More5 Things a Franchisor Looks for in a Franchisee
While in the franchise-buying process, it is imperative that you do your due diligence to ensure that the franchise you choose is a good fit for you, it’s also important to know that franchisors are also looking for a good fit in a franchisee. Franchisors can be picky about who they work with. After all,…
Read MoreThe Role of Conditional Use Permits in Expanding Your Franchise
It’s no secret that business often outpaces local regulations, city ordinances, or zoning regulations. When reviewing the rapid advance of the tech space or the current litigation following the mass spread of companies such as AirBnB or Uber, it’s apparent that many laws just haven’t caught up to today’s diverse business world. The tech space…
Read MoreWhat Makes One Franchise Opportunity Better Than Another?
When you look at a franchise directory, it can be overwhelming. Even if you know the category of franchise you’d like to invest in, there can be dozens of options. What makes one franchise opportunity better than another? In fact, it’s not that one brand is better than another, but more than one is better for your…
Read MoreMy First 3 Years as a Co-Franchisor in Review
PLAYLive, the innovative gaming franchise I am a minority owner of, is rapidly approaching its third year. As any franchisor knows, launching a new franchise brings an oscillating journey filled with learning curves, small wins, and hard work. Mainly, the process has brought a wealth of knowledge and experience that I want to share with…
Read More10 Questions to Ask the Franchisor Before Signing on the Dotted Line
Buying a franchise is a major investment financially, emotionally and physically. There is a lot that goes into making your new business a success. By defining expectations up front, you can ease the transition into franchise ownership. To do this, you need some answers. Here are the top 10 questions to ask the franchisor before…
Read MoreThe Importance of Company Culture in Your Franchise
What kind of business do you want to run? One where employees clock in and out and fill the hours in between with minimal effort? Or a space that your staff considers their second home, where customers always marvel at how much fun everyone is having? Defining company culture puts the power of shaping your company…
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