Family-Run Franchises: Are They Right For You?

If you’re close to your family, it might seem a natural extension of your personal relationship to move into a business one. Many families choose to go into the franchise business together, to varying degrees of success.

Here’s what you should consider before mixing business with pleasure in your family.

Family-Run Franchises: Are They Right For You? Continue reading

Accounting for Franchises: Tips to Help You Grow

Being a successful franchisee means having at least a general grasp on various aspects of running a business. You might not be an expert in marketing, management, or finance, but being well rounded enough to understand how each of these work will help you thrive with your franchise.

Today, let’s talk about accounting. It’s absolutely imperative to have a firm understanding of your balance sheet, income and expenses, and overall financial health. Here are some tips to help you succeed in managing your own accounting.

Accounting for Franchises: Tips to Help You Grow Continue reading

4 Things Your Franchise Should Wrap Up Before the End of the Year

It’s year end, and while you may be focused on those holiday sales and promotions at the moment, you should also keep an eye to certain tasks and activities that are best handled before the year draws to a close.

Put these on your to do list now, and you’ll be able to celebrate the New Year with no worries.

4 Things Your Franchise Should Wrap Up Before the End of the Year Continue reading

5 Christmas Wishes That Should Be On Every Franchisee’s List

‘Tis the time of year when good franchisees make their Christmas wishes lists for Santa Claus! Whether you’ve been naughty or nice, here are a few things you might want to put on your list.

1. Customers That Keep Coming Back

If there’s one thing that should be at the top of your list, it’s easily getting repeat business. After all, once a customer is sold on your brand, you have to do little to get them to return again and again.

5 Christmas Wishes That Should Be On Every Franchisee's List Continue reading