Just One Franchise: HomeVestors
It’s a dream business for many Americans: buying a house on the cheap, fixing it up, and selling it for a profit. TV shows like Flip This House suggest that anyone with a bit of gumption can make a fortune this way. It’s not necessarily true. House flipping can be…
Franchising and the Government Shutdown
Will your franchise business plan be affected by the government shutdown? It’s possible. The Small Business Administration is closed and won’t be signing off on new loans. BusinessWeek assembled a list of all the services the SBA won’t be providing; the short version is that they will be doing just…
Does the World Need Another Pizza Franchise?
“What this town really needs is another pizza joint,” said … nobody, ever. Here are some things people do say: “Cool! A Little Caesar’s just opened up downtown!” “Hey, I hear there’s a real New York style pizza place in town, now.” “I wish there were a real Italian pizzeria…
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? It tells you that the business exists Honestly, businesses fail. The majority of new businesses close within five years, according to government…
Choosing a Franchise: Executive or Technician?
The American Dream — owning your own business — is the source of plenty of great stories. One is the story of the technician: the lady who makes such great cupcakes that all her friends encourage her to open a bakery, the guy who does such a terrific job encouraging…