The Most Common Frustrations When Buying a Franchise
You’ve made your decision! You’ll finally pursue the path you’ve wanted to for so long and buy a franchise. After reading stories about the benefits of franchise ownership and talking to fellow franchisees, you’re convinced that this is the right match for your lifestyle. But before you embark on your…
Is a Home-Based Franchise Right for Your Work Style?
You know what sounds appealing? Wearing pajama pants to the office and sleeping in until noon. That’s what it’s like to work for yourself, right? Not quite. Home-based franchise ownership is a unique type of career. Although there are plenty of perks, such as getting to set your own hours…
How to Handle Negative Reviews Online
It’s a scary thought. Hearing someone say something negative about your business baby is hurtful and frustrating, but it doesn’t have to be that way. Before you buy a franchise in your area, it’s important to look at what’s being said. Most customers won’t differentiate your business from another franchise…
Could 2016 be the Year of Small Business Loan Relief?
The number of loan applications being approved by big banks has peaked. In 2015, it was at 22.8%, which is a post-recession high, according to the Biz2Credit Small Business Lending Index. To close out 2015, the Federal Reserve announced they would raise interest rates for the first time since the…
The Pros and Cons of Owning Multiple Franchises
When you first open your franchise doors, you’re probably only considering opening one location. That’s the case for many franchise owners until they get a taste of the success that can come along with this career path. To continue the same success, many franchisees start to consider owning multiple franchises….
Avoid These 5 Mistakes New Franchise Owners Make
Considering opening a new franchise? You’re not alone. Franchise ownership is hot for a lot of reasons. You get to be your own boss, giving you more freedom and flexibility in your career. You also get a valuable head start when beginning your new venture because much of the market…
5 Reasons for Buying a Franchise That Your Family Will Agree Make Sense
Struggling to convince your family that buying a franchise is the right decision for you? You’re not alone. Making a big investment, such as buying a franchise, is a major life choice. Not only do you need to ensure you have everything in place financially to own a franchise but…
Use the 2015 Franchise Report as Your Franchise Buying Guide
The economic impact of retailers is undeniable, according to a 2015 study by PricewaterhouseCoopers, LLP. Through retail, 42 million jobs are supported, $1.6 trillion are paid out in labor wages, and the GDP benefits by $2.6 trillion annually. There are approximately 29 million jobs in retail and 11.5 million of…