The Franchise Model Makes a Difference
We know the benefits of the franchise model for business: franchisees use a tried and true model for business, benefiting from the experience of the franchisor as well as the support and economies of scale that come with the franchise system. But a new book called The Solution Revolution, by…
Best Franchises to Own
Sure, the best franchise business investment for you will depend on your management and operational skills, your passion, and people skills, as well as the market and the competitive landscape in your community. But are there some franchises that are just intrinsically better? Our team at America’s Best Franchises has…
Service Franchise Business Opportunities
Increasingly, businesses in the U.S. are moving toward services, not goods. Many things that we used to buy as goods, such as music, newspapers, and movies, we now consume as services instead. We’re more willing to pay for services, too. Whether it’s a spray-on tan or financial counseling, Americans buy…
Profits, Revenue, and Franchise Businesses
New business owners sometimes get confused about the difference between profits and revenues, even if they know the definitions of both words. Here’s the basic explanation, to be sure we’re all on the same page. You sell items that cost $10.00. Keeping the doors open – paying staff wages,…
Does the Franchisor’s Web Presence Help You or Hurt You?
When you’re choosing the best franchises for your review, you’ll do plenty of research, including online research about the franchise. When you look at the franchisor’s website, though, you may need to look at it from two different points of view. A good web presence is good for you….
Franchise Choice and Shiny Things
Some people call it “Bright Shiny Object Syndrome” and some just say they’re easily distracted by shiny things, but most of us can recognize the phenomenon. Sometimes we get distracted by the newest, the coolest, the most popular — or just the thing that pops up most in our social…
Hottest Trends in Franchising
What are the hottest trends in franchising? Think of franchising as a funnel, and let’s look at the trends with the broadest application first and move down toward the narrowest trends. Success Franchises are hot. They’re growing at a faster rate than independent start-ups, they’re supplying 10% of all new…
Does the NLRB Ruling Mean the End of Franchises?
The Wall Street Journal reports that the National Labor Relations Board has determined that McDonald’s — and presumably other franchisors — can be considered “joint employers” with their franchisees. This has implications for franchisors: Franchisors may now be held liable for the actions of their franchisees, even if the franchisees…