Franchisees who are serious about buying a franchise already know that they’ll need to undergo an interview with a franchisor before they can sign the franchise agreement and make the investment. Much like any interview, franchisees know they can’t walk in unprepared. They have to do their...Read More
By Deborah Sweeney | Posted July 02, 2018
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....
By Eric Bell | Posted May 17, 2018
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
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 Eric Bell | Posted April 23, 2018
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
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
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 Eric Bell | Posted December 20, 2017
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 Eric Bell | Posted September 21, 2017
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
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
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