More often than not, when we think about franchises we immediately think of fast food restaurants like Subway, McDonald’s, or Dunkin’ Donuts. However, with more than 750,000 franchises currently in business in the United States in 2018 it’s safe to say that the majority aren’t food-related chains. If you’re looking to invest in a franchise ... 5 Franchise Industries to Invest in (That Aren’t Fast Food)...Read More
More often than not, when we think about franchises we immediately think of fast food restaurants like Subway, McDonald’s, or Dunkin’ Donuts. However, with more than 750,000 franchises currently in business in the United States in 2018 it’s safe to say that the majority aren’t food-related chains. If you’re looking to invest in a franchise … 5 Franchise Industries to Invest in (That Aren’t Fast Food)
Forming an S Corporation Allows Franchisees to Save on Payroll FICA Taxes Whether you’re buying an existing franchise or taking your own business and turning it into one, franchisees know that it’s a requirement to incorporate a franchise. While LLCs and Corporation tend to be the most common entities chosen, S Corporations have also risen … How an S Corporation Saves Franchisees Money
If starting your own franchise is on your resolutions list for 2018, finding the right option for you and your family requires research. Here are five potential options that are poised for growth in the months ahead. Learn more to see if they could be right for you and your entrepreneurship needs. Tutor Doctor The … 5 Franchises to Watch in 2018
Even if you have had a long and successful corporate career, many people find themselves longing for something more. If you find yourself feeling not quite satisfied with your current corporate responsibilities, it may be time to consider branching out on your own to another business opportunity—becoming a franchise owner. For yourself, but not by … Break Free from Corporate Life Through Franchising
UPDATE: 5/4/2020Franchising can be a great option for those looking to start their own business but like the idea of having the security of a franchisor and their proven systems to rely on. It’s no secret that franchises offer a better success rate than from scratch startups but that does not mean starting a franchise … Is Buying a Franchise the Right Move? The Pros and Cons of Franchising
Buying a franchise gives individual owners, known as franchisees, the right to use a company’s name and branding while selling its products and services. Business Format Franchises The most common type of franchise relationship is known as a business format franchise which provides an entire operating system for the franchise business to its franchisees. Every … The Different Types of Franchises
Lack of funds does not have to be a hindrance to your dream of owning your own business. There are ways to start a business with little or no start-up capital. But it will take skills, hard work, and some solid marketing knowledge. Even if you are interested in pursuing a franchise opportunity there are … How to Start a Business With No Money
Considering becoming your own boss? There can be a range of questions and concerns you may have about leaving the stability of your current job and going out on your own. A franchise opportunity can be an ideal way to give you the best of both worlds—the freedom of being your own boss, with the … Franchisee Lifestyle Profile: The Secret to Buying the Right Franchise
Updated March, 2020 Are you looking to buy a franchise but aren’t sure you can handle the costs involved? It’s true, an average middle-class salary alone probably won’t be enough to make your dream a reality, but that doesn’t mean starting a franchise is impossible even on a limited budget. You just have to know … How to Buy a Franchise on a Limited Budget
As with starting any new business, creating a business plan for your franchise is a critical step in the buying process. This plan will outline the expectations of your new business as well as help you think about and prepare for the challenges you may face. And if you are looking to secure financing for … How to Create a Franchise Business Plan
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