If you're new to the world of franchising, you probably have a million questions about everything from costs and training and support, to hiring employees and securing equipment for your new business. One of the most important sources of information for prospective franchisees is the Franchise...Read More
By Suzanne Musial | Posted July 20, 2016
In the process of researching different franchises, you may come across the term "turnkey business opportunity." While some franchises are billed as turnkey, there are some notable differences between these and turnkey business opportunities. Here are some things to know when considering...
By Suzanne Musial | Posted July 12, 2016
A critical step in the process of buying a franchise is a comprehensive due diligence examination to ensure you are making an informed decision before entering into an agreement. Below is an in-depth list of questions for interviewing a prospective franchisor during the research process. Top 16...
By Suzanne Musial | Posted June 29, 2016
As one of the most successful fast food franchises in the U.S., Chick-fil-A grew by $700 million in sales in 2015 surpassing every pizza brand in the U.S. and making it the eighth largest fast food chain in the country according to QSR Magazine.With all its success, Chick-fil-A surprisingly remains...
By Suzanne Musial | Posted June 27, 2016
Beginning franchisees may have thoroughly researched the franchise process and the particular franchise they decide to buy, but many questions often remain as they take the first steps into franchising. Every day there are more decisions to make and things to learn, and finding a franchising mentor...
By Suzanne Musial | Posted May 13, 2016
When looking for a franchise opportunity, how can you tell whether the one you want is a strong one? Here are 5 characteristics of a strong franchise opportunity that will help you know when you have found something worth pursuing. 1) Location is favorable. The phrase "location, location,...
By Suzanne Musial | Posted May 12, 2016
According to franchise coach and longtime franchisee Joel Libava, aka "The Franchise King," there is a set of personality characteristics that is more suited to franchising than others. "It's so important for people to figure out before they even start looking around if they are...
By Suzanne Musial | Posted May 09, 2016
Many people focus on finding a franchise that will be profitable, compatible with their personality, and easy to run. These are all important factors when looking to invest in a franchise, and much research needs to be done to be sure the franchise will be a good fit for their needs. James Walker...
By Suzanne Musial | Posted May 04, 2016
There are all kinds of franchises out there, from the ubiquitous fast food restaurants to service franchises that provide cleaning, tutoring and other services. Finding the franchise that is perfect for you may take some time, but the happiness of the next 10 to 20 years of your life depends on...
By Suzanne Musial | Posted May 02, 2016
One of the biggest advantages of buying a franchise is the support you can get from the parent company. Franchisors have done a great deal of work in building up their business - work that you get to benefit from as a franchisee. From Business Plan to Supply Contracts Before you even open your...
By Suzanne Musial | Posted April 19, 2016
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