Roadmap To Franchise Success

Franchise Ownership Guidance

Apr

29

2015

Franchisees Face Prison

A group of 7-11 franchisees have been sentenced — in one case to to seven years in prison — and forfeiture of their businesses and personal assets over violations of laws relating to workers. This follows the recent heavy fines for pizza franchise owners in the Northeast, specifically for labor…

Apr

26

2015

Is Your Franchise Business Special?

The whole idea behind a franchise is to apply a specific business system to a business in a new location. You’ll get a system that works, marketing plans and support that work, and day to day operations that work. In return, the franchisor gets fees and royalties. But what if…

Apr

25

2015

Franchise Business as a Time Machine

At a recent start up event in her community, Katie was the only person who raised her hand when a certain question was asked, and it was a surprise for her. Start-up events are becoming more and more popular in communities across the nation. These events, which range from meet-ups…

Apr

22

2015

Does the Franchise You’re Considering Protect Its Brand?

Back when the U.S. highway system was being built, restaurants along the roadside had a wonderful opportunity — and a serious problem. Some travelers love finding that surprising little place off the beaten path, but plenty like to make a quick stop where they know what they’ll get, and head…

Apr

21

2015

Franchise Business and Risk

Franchise businesses involve risk, just as all businesses do. While there is wide variation in the numbers produced by studies comparing franchise failure rates with those of independent businesses, one thing you can say for sure: lots of small businesses fail, including franchises. The top reasons for failure are not…

Apr

17

2015

Who Was the First Franchisor?

The father of modern franchising was probably Isaac Singer, who made practical sewing machines in the 1800s. He had a couple of problems with his machines. First, while people were excited about sewing machines, they couldn’t use them without training, so the machines weren’t exactly jumping off the shelves in…

Apr

15

2015

SBA Reviews Franchise Loan Guidelines

There has been quite a bit of controversy recently around the question of whether franchisees are big businesses or small ones. Much of the debate has centered around the question of whether franchisees have to follow laws about employees as though they were multimillion dollar corporations, as some franchisors are,…

Apr

14

2015

Is There a Local Market for Your Franchise Idea?

Joanna was thinking about opening a business. She had enough severance pay from the job she had just left to cover the start-up costs of a business. She knew that she could work for a couple of years without drawing a salary, because of her husband’s job, and then she…

Apr

12

2015

Does Prestige Matter in Your Franchise Choice?

Two wrongs don’t make a right, but when you’re deciding on the best franchise to own for your needs, a whole bunch of rights will certainly lead you to the right choice. Here are some of the things you’ll consider: Is it right for your personality? Do you have the…

Apr

08

2015

Can You Run a Franchise with Your Spouse?

You’re thinking about investing in a franchise business opportunity, and even if you haven’t decided which business option is best for you, you’ve already decided who you’ll partner with to run the business. For many prospective franchisees, that partner is also their life partner. Many married couples choose to go…

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