For Beginners

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5 Tips on Financing a Franchise

When it comes to financing a franchise, you have several options to choose from—withdrawing funds from your retirement account, small business administration loans, financing through the franchisor, home equity loans/second mortgages, borrowing from family or friends, or using your own savings....Read More

By Eric Bell | Posted May 17, 2018

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What's a DBA and Why Does It Matter to a Franchise?

Many entrepreneurs new to starting a small business know there are a few legal procedures they must accomplish before they can open up shop. Some of the primary ones include incorporating or forming an LLC to protect their assets, obtaining employer identification numbers (EINs) if they plan on...

Posted May 08, 2018

Before You Buy: 10 Questions to Ask a Franchisee

Prior to Investing in a Franchise, Interview Existing Franchisees First One of the most important steps in your journey to find the ideal franchise opportunity is what's known as validation. Validation refers to the process of interviewing franchisees who have bought into a concept that you have...

By | Posted April 23, 2018

5 Franchise Industries to Invest in (That Aren't Fast Food)

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...

Posted March 27, 2018

How an S Corporation Saves Franchisees Money

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...

Posted January 26, 2018

5 Franchises to Watch in 2018

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...

By | Posted December 20, 2017

Break Free from Corporate Life Through Franchising

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...

By | Posted September 21, 2017

Is Buying a Franchise the Right Move? The Pros and Cons of Franchising

Franchising 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...

By Staff Writer | Posted September 19, 2017

The Different Types of Franchises

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...

By Staff Writer | Posted September 19, 2017

How to Start a Business With No Money

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...

By | Posted September 14, 2017

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