Roadmap To Franchise Success

Franchise Ownership Guidance

Franchise Operations

Feb

05

2019

Browse this glossary of franchise terms.
Glossary of Franchise Terms

Considering franchising as a business opportunity? Like most industries, franchising has its own language. Familiarizing yourself with the lingo before beginning your search for the perfect franchise can help ease the research process. Absentee Ownership: An absentee owner uses a manager-run model where they hire someone to manage day-to-day operations….

Oct

23

2018

Franchising With a Business Partner

Franchising is a considerable endeavor that comes with its fair share of obstacles and rewards. The question is: Would you rather go it alone or with someone you trust? A business partnership is defined as two or more people who start or expand a business (or franchise) together. It can…

Mar

13

2017

4 Things Franchises Can Teach Independent Business Owners

While running a franchise and running an independent business are two sides of the same coin, there are many differences between the approaches that each take, and each can learn from the other. Here’s what the independent business owner can learn from franchisees. 1. Having Processes Makes Work Streamlined. How…

Mar

06

2017

What Does the Trump Administration Mean for Franchises?

No matter how you feel about our current President, as a franchise owner, you’re probably wondering what changes are in store that will affect how you do business. While President Trump has been anything but predictable in his first weeks in office, we have a few speculations about what’s coming…

Feb

13

2017

Are Franchise Fees And Expenses Tax Deductible?

It’s everybody’s favorite time of year: tax time! [Collective groans from the audience.] In reality, nobody loves tax season. It’s a head-scratching time of year, and entrepreneurs and franchise owners alike always have plenty of questions that relate to their taxes. For example: do you know which of your franchise…

Jan

30

2017

Millennials and Franchises: What You Need to Know

Forget Baby Boomers. The demographic that is quickly forging its own path in the franchise world? Millennials. Millennials, aged 18-34, now outrank the number of Boomers on the planet. And their numbers are turning up in an interesting place: as franchisees. We’re seeing an increase in the number of franchises…

Jan

09

2017

Accounting for Franchises: Tips to Help You Grow

Being a successful franchisee means having at least a general grasp on various aspects of running a business. You might not be an expert in marketing, management, or finance, but being well rounded enough to understand how each of these work will help you thrive with your franchise. Today, let’s…

Dec

28

2016

4 Things Your Franchise Should Wrap Up Before the End of the Year

It’s year end, and while you may be focused on those holiday sales and promotions at the moment, you should also keep an eye to certain tasks and activities that are best handled before the year draws to a close. Put these on your to do list now, and you’ll…

Dec

19

2016

5 Christmas Wishes That Should Be On Every Franchisee’s List

‘Tis the time of year when good franchisees make their Christmas wishes lists for Santa Claus! Whether you’ve been naughty or nice, here are a few things you might want to put on your list. 1. Customers That Keep Coming Back If there’s one thing that should be at the…

Nov

07

2016

6 Qualities to Look For When Staffing Your Franchise

Finding the kinds of employees who will work hard for your franchise and stick with you long-term can be a challenge, especially if you’re in a high-turnover industry like food and beverage. And while sometimes you need to hire someone stat, it’s worth taking your time in the hiring process…

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