Healthy Franchises vs. Unhealthy Franchises
Americans are eating healthier, going paleo or giving up red meat, choosing chia seed puddings over cupcakes. They’re also working out more, hitting the gym for grueling boot camps and intense strength training, and spending more of their free time on outdoor sports. Or are they? 60% of North Americans…
The Franchise Supply Chain
When you think about your franchise investment, you may see yourself welcoming customers into your franchise or relaxing on the boat your franchise business will buy you. You should also be thinking about your supply chain. The supply chain of your franchise business includes every step of the journey from…
Franchise Owner Happiness: New Research
It’s been clearly shown and it’s widely known that business owners are usually happier than employees. More detailed research looks more closely at the factors that make business owners happier. A Wall Street Journal review of 21st century research wasn’t focusing on franchisees, but experience shows that the factors the…
Franchise Group Purchasing: Plus or Minus?
When you’re looking for the best franchise opportunity, one of the differences you’ll notice among franchisors is the question of suppliers. Some franchises get great rates from vendors through group purchasing arrangements, some have rules about which companies franchisees can buy from, and some sell directly to franchisees. You…
Multi-Unit Franchising Is Very Popular
Multi-unit franchising — that is, investing in more than one franchise location at the same time, is becoming a popular approach to franchising, with franchisees and with franchisors. For franchisors, it’s nice to have one great franchisee running multiple locations instead of adding to the risk with multiple franchisees. For…
Franchisee Fairness Bill Bad for Franchisees?
A change may seem like a good thing… until you examine it more closely. So it is with California’s “Franchise Bill of Rights,” vetoed by the governor least year but back again. The CEO of Carl’s Jr., Andrew Puzder, wrote a letter to the editor of the Orange County Register…
Franchises Handling Change: Pizza Hut vs. McDonald’s
Both Pizza Hut and McDonald’s made big changes in their menus recently. And both have seen falling revenue: Pizza Hut’s 2014 figures were down 5% compared with 2012, and McDonald’s was down 2%. Pizza Hut decided to go trendy with Flavors of Now, offering gluten-free pizza, Peruvian peppers, and spiral-shaped…
Franchisee Learns the Danger of Social Media
As you search for the perfect franchise business opportunity, you should be checking out the online marketing activity of the franchises you’re considering. You should also be asking their policies concerning social media, which can be a powerful marketing tool for the right brands. But there’s more to social…