Are You Aware of All the Costs of a Franchise?
Deciding which franchise business opportunities you should invest in requires a lot of research and serious thought. One of the most important areas of the research and decision making process is the financial arena. While franchisors will tell you how much you need to invest, and usually also the net…
CyberSecurity for Franchisees
Some of us head into new ventures with rose-colored glasses and a glass half full mentality. These people are statistically more likely to succeed, if only because they keep going through the difficult times, buoyed up by their optimism. Others see the risks… all the risks, sometimes including risks that…
Planning for Franchise Change
Say you’ve been looking at franchise business opportunities for a while. You’ve visited locations, requested information, examined documents, asked questions, done a lot of soul searching, and finally you find the franchise that you know will be the perfect fit. You’ve looked thoroughly into the system this franchise uses in…
Planning Your Franchise Exit Strategy
When you decide to invest in a franchise business, you’ll have plenty of serious thinking to do. You may also have some dreams — you may see yourself adding more franchise units till you’re a regular franchise mogul, or you may see yourself riding off into the sunset after a…
The Hottest Franchise Businesses for 2015
Recent reports have revealed the franchise business sectors that are showing the fastest growth right now: Quick service restaurants, including both traditional fast food places like McDonald’s and also the newer “fast casual” sit down restaurants, are in the lead. Over 20% of Entrepreneur’s Franchise 500 are in this category….
The Hardship-Inspired Franchise?
While the economy is on the mend and employment is on the rise, there are still millions of people out of work. Some are still looking for jobs, some have gone back to school, but for many experienced workers who left their last job with a golden handshake, starting a…
Franchises that Appeal to Millennials
The Baby Boomers have been the consumers to care about for a while now, driving high-profit franchise business opportunities like senior home health care and personal spa service boutiques. But the Millennials are nearly as large a generation as the baby Boomers, and they are becoming a purchasing force to…
Who Started Out as a Franchisee?
Franchise businesses appeal to celebrities as investments, to retired people looking for a second career, to new college grads having trouble finding a job. But they also appeal to plenty of savvy businesspeople. One example you might not have heard about: Sam Walton, the founder of Walmart. “Mr. Sam,” as…
Franchise Technology
Some older Americans aren’t as tech savvy as younger people: 41% don’t use the internet at all and 23% don’t have cell phones. Some younger Americans aren’t as tech savvy as we think they are. American 20-somethings are good with computers in the same way they’re good with electricity because…
Understanding Franchise Royalty Fees
A franchise business opportunity will always involve upfront costs. Some will go to the franchisor and some will simply be the costs of opening a business — rent, wages, inventory, supplies, utilities, and so forth. There will also certainly be ongoing costs, both the direct costs of the goods and…