Rick Bisio

UPDATED 8-4-22: Many people dream of owning a business at one time or another but determining what products or services to offer can be difficult. Franchise businesses are an excellent option as these business ventures are already branded so that most customers are already familiar with the franchise and the product or service has been … Top 10 Funding Sources For Your Franchise Venture

The impact of the COVID-19 pandemic staggered our entire nation in 2020 and dealt a blow to businesses across the country.  Through my experience as a franchise coach, however, I was able to witness firsthand some powerful examples of franchises quickly pivoting and adapting their business model.  Many businesses are still upright due to some … Lessons Learned from a Challenging 2020

There comes a point in life where there is no tomorrow, only yesterdays.  A time where we remember the past knowing our future is limited.  It can be a time of deep reflection, and that is the case with my friend, Bill Shearon. I met Bill about 15 years ago during my work with the … 12 Lessons While Nearing the End of the Road

Over the last several months, we have seen daily updates on the number of diagnosed cases and deaths from COVID-19.  We also hear about the impact the pandemic has made on the nation’s business sector, as more than 36 million people have filed unemployment claims since mid-March, which represents 22.4 percent of the country’s labor … 5 Reasons Why Now is the Right Time to Consider Franchise Ownership

One of the biggest game changers in restaurant sales over the past several years has come with the increase of third-party delivery services.  Everywhere you look, restaurants are partnering with vendors such as DoorDash, GrubHub and UberEats to offer their customers fast and convenient delivery of their food orders. These services can help level the … The Impact of Third-Party Delivery Services

Each year on Veterans Day, we take time to thank all the brave men and women who have served and protected the United States through their service in the military.  It is a well-deserved recognition for those who fought for the freedoms we enjoy in this country every day. Veterans Day is also a great … Veterans Day Celebration: Vets Continue To Be Strong Fit For Franchising

June is Immigrant Heritage Month, and it is a good time to think about the role those coming from another country have in operating businesses throughout the United States. When we think of immigrants, business ownership may not initially come to mind. However, the reality is that immigrants are a driving force behind many forms … How Franchising Helps Immigrants Live the American Dream

The first quarter of 2019 is now in the books and the momentum for franchise growth and prosperity has continued from last year. Several large franchise conventions have taken place over the first several months of the year, such as the International Franchise Association Conference and the Multi-Unit Franchising Conference, and the feeling among those … Franchise Growth Expected to Continue for 2019

Most people who have a general knowledge about franchising know that every franchisor charges a royalty fee. A franchise owner is contractually obligated to pay the franchisor a portion of their sales over the life of the agreement. The payment is normally made on a weekly basis. However, there is a lot of confusion regarding … How Significant are Royalty Fees?

Although the Franchise Disclosure Document (FDD) is a uniform document providing information about a franchise organization, there are many aspects about owning and operating a franchise that vary from state to state. This can include taxes, real estate leasing prices, operational costs and local licensing agreements. The Franchise Rule The first area of focus tends … Consider Local Factors Before Purchasing a Franchise

To the outsider, franchising may appear static. However, to those of us who specialize in this sector, we know that franchising is constantly changing and evolving. These evolutions not only require staying up to date, they necessitate changing strategies to offer effective, and current, advice as a franchise coach. Case in point, I’ve had to … What’s New in Franchise Financing for 2018