Franchise Blogs RSS Feed RSS Feed for Franchise Blogs Thu, 25 Feb 2016 14:55:08 EST Mon, 19 Mar 2018 10:48:09 EST en Umbraco Owning Multiple Franchises: Should You Own Multiple Units of One Franchise, or One Unit of Different Franchises? Owning a franchise has many advantages, including a tried-and-true business model, ready-made brand recognition, and national advertising that franchise owners get to benefit from. For business owners who already reap the benefits of franchise ownership, owning multiple franchises is a logical next ... Thu, 12 Oct 2017 10:07:55 EST How Much Can I Make Owning a Franchise? There are many reasons to open a franchise, or a business of any kind. Unless you make your money elsewhere, the most important reason is to have an income stream. Although the many advantages of franchise ownership include having a tried-and-true business model, that won’t necessarily guarantee suc ... Mon, 18 Sep 2017 10:13:24 EST Business Book Review: Find Your Extraordinary by Jessica Herrin This featured business book review is for Find Your Extraordinary: Dream Bigger, Live Happier, and Achieve Success on Your Own Terms by Jessica Dilullo Herrin. Herrin is the founder of and Stella and Dot. Find Your Extraordinary, her first book, is part memoir and part how-to g ... Tue, 22 Aug 2017 13:31:34 EST Insurance and Taxes: 5 Benefits of Mixing Them Although Liberty Tax® franchise owners come from all walks of life, there are certain professions that also perform really well in the tax industry. Insurance is one of those professions. Successful insurance agents have a number of skills that transfer directly to owning a tax franchise. Below are ... Fri, 04 Aug 2017 11:18:28 EST 3 Things to Consider Before Owning Multiple Franchises Many business owners have discovered the pros of owning a franchise, including having a recognizable and trusted name brand, a model built on a proven system, and an infrastructure that allows for growth. One of the most tried-and-true options for growth in any business is opening additional locatio ... Thu, 20 Jul 2017 16:03:59 EST 3 Reasons Why Liberty Tax® is a Top Multi-unit Franchise At the end of this year’s tax season, Liberty Tax® was recognized as one of the top multi-unit franchises. Multi-Unit Franchisee Magazine recently released its list of the top 50 U.S. contenders, and Liberty Tax® came in at number four overall and number one for non-food service franchises. Accordin ... Wed, 21 Jun 2017 14:49:49 EST 4 Benefits of Owning Multiple Franchises Many business owners recognize the advantages of owning a franchise. Franchises come with tried-and-true systems and processes, a host of resources and training, and the support you need to get started. Instead of having to spend your time on trial and error, you can launch a successful business imm ... Mon, 05 Jun 2017 16:03:31 EST Small Business Saturday: 7 Creative Ideas for Your Business Starting in 2010, the U.S. began celebrating Small Business Saturday. This event takes place on the first Saturday after Thanksgiving, right after Black Friday and before Cyber Monday, in the middle of the busiest shopping time of the year. Started in 2010 in Roslindale, Massachusetts, the event enc ... Tue, 22 Nov 2016 21:20:00 EST You Can Have It All – How Business Ownership Allows You to Better Balance Work/Family For many professional women, it can feel difficult to balance a career and a personal life without feeling guilty for missing out on their children’s’ lives. Although the struggle for work/life balance is not new, the specific concerns that professional women have are different from men’s. According ... Thu, 25 Aug 2016 16:50:16 EST Snagging Leads with Online Guerilla Marketing Techniques For new entrepreneurs, guerrilla marketing tactics can be one of the best ways to advertise their business. These techniques typically don’t cost a lot of money to implement, and they utilize the creative energy that many young entrepreneurs and franchise owners bring to their businesses. With the r ... Thu, 25 Aug 2016 16:44:10 EST 7 Reasons Why Franchising Is The Perfect Opportunity For Women With an average of 608 new women-owned businesses launched every day in the U.S., and accounting for 30 percent of American small businesses, it’s clear that women entrepreneurs are seeking the flexibility, control and opportunities that business ownership offers.   Often, women choose business owne ... Tue, 16 Aug 2016 14:10:04 EST How to Find A Mentor and What They Can Do For Your Business Success While there are many paid and free tools available for new business owners, mentors are an often-overlooked resource. In a recent survey, more than half of all women business owners reported not having a mentor, but 67 percent of those women admitted that it was because they had never sought one out ... Wed, 10 Aug 2016 12:08:01 EST How To Write a Franchise Business Plan That’s Actually Useful One of the first steps to starting a business is writing a business plan. You will likely need a business plan to get franchise loans, but it’s also a good way to get yourself organized and off to a successful start. Your franchise business plan should have all the details you need to be prepared fo ... Wed, 10 Aug 2016 09:47:37 EST What Franchise Owners Need to Know About Business Organization Types One of the first decisions you will need to make when opening a new business, including a franchise, is what type of business organization you would like to use. If you’re not sure what your options are, don’t worry! We’ve got you covered. Check out the different types of business entities (also cal ... Wed, 03 Aug 2016 12:03:32 EST 6 Things You Didn’t Know About Funding Options for Women Business Ownership The United States is one of the top countries for opportunities for female entrepreneurs – not just in resources available, but also in funding options. Although men are more likely than women to receive traditional bank loans, women win out in other funding sources, and are more likely receive fund ... Tue, 02 Aug 2016 10:26:55 EST 5 Things You Didn’t Know About Women Business Ownership With the rate of women-owned businesses growing at one and a half times the national average, there has never been a better time to be a female entrepreneur. Not only are there more opportunities for business ownership – from franchises, to startups, to in-home businesses – the number of resources a ... Tue, 26 Jul 2016 10:54:21 EST Funding Options For Your Franchise As with any new business, your franchise will require a financing plan. Fortunately, franchise financing has gotten much easier in recent years. You have funding options available that can allow you to have your franchising finances together in a matter of days. Here are some of the best options for ... Tue, 26 Jul 2016 10:36:24 EST How to Plan an Inexpensive & Successful Business Retreat Do you ever take your team outside of the office to regroup and plan for the future? If not, you should consider investing in a business retreat. Why? A retreat brings everyone together to redefine your vision and business strategy, brainstorm new ideas and discuss upcoming projects. A company retre ... Tue, 29 Mar 2016 17:03:54 EST Business Book of the Month by Jeffrey Hayzlett Do you want to take the next steps toward achieving your business goals? There’s nothing like a powerful read to give you the inspiration you’ve been looking for. Our choice for Book of the Month is Think Big, Act Bigger: The Rewards of Being Relentless by Jeffrey Hayzlett. Think Big, Act Bigger off ... Wed, 23 Mar 2016 16:26:27 EST Why Veterans Make Great Franchisees Veterans, thank you for your service. We have found that military service members thrive with a proven franchise system and many have achieved financial independence by investing in veteran franchise opportunities with tax services. The government requires virtually every American adult to do their ... Wed, 23 Mar 2016 12:20:55 EST What to look for in an FDD At some point in the process of opening a franchise, business owners will have to sign a Franchise Disclosure Document. The agreement, typically around 100-150 pages in length, will be sent to the franchisees two weeks in advance of any contract agreements. They are intended to let the new business ... Wed, 16 Mar 2016 15:59:49 EST Learning the economics of a franchise business Potential small business owners seeking a new franchise opportunity may be inexperienced when it comes to the financial knowhow required for the job, but there is help available.Such was the case with Christian Brothers Automotive franchisee Brian Klaubert, according to a report from Multi-Unit Fran ... Wed, 24 Feb 2016 16:41:13 EST Entrepreneurial conference highlights franchise business The economy is still difficult, but according to the Poughkeepsie Journal, it's still possible to take advantage of a good franchise opportunity.The Hudson Valley Entrepreneurial Conference and Expo was held over the weekend at Dutchess Community College, the paper reports, and the theme was franchi ... Wed, 24 Feb 2016 16:40:49 EST Funding a franchise with retirement money For potential franchise owners, securing financing in the tough economy can be the biggest issue. Writing for Entrepreneur magazine, Jeff Elgin says that if it feels like there isn't financing available, it may because there isn't.There is an answer to the funding problem, however. Elgin writes that ... Wed, 24 Feb 2016 16:40:26 EST Growing a business that remembers its roots Most entrepreneurs presented with a small business opportunity want to take full advantage of it and see their business grow. It is important, however, to make sure that the company can grow without losing sight of where it came from and what made it successful in the first place. Writing for Americ ... Wed, 24 Feb 2016 16:40:04 EST The right way to network Though some people find networking to be a less-than-pleasant experience, Cavanaugh L. Gray of the Southern Illinoisan says it is a necessary evil for anyone who wants to make the most of a small business opportunity. He says the key to making any networking event a success is to remember that there ... Wed, 24 Feb 2016 16:39:45 EST Why now could be the perfect time to start a small business Despite the slow economy, some experts believe the recession is the perfect time to take advantage of a small business opportunity. One of those experts is Tom Libertiny, who writes that "this recession is a once-in-a-lifetime benefit for those who have the courage and who are in the financial posit ... Wed, 24 Feb 2016 16:39:23 EST Considerations for potential franchise owners Investing in a franchise opportunity with a proven business model is a smart idea for potential entrepreneurs, but proper research is still necessary to ensure the business matches the business owner. Writing for IndUS Business Journal, veteran entrepreneur Ricky Brooks recently offered his tips for ... Wed, 24 Feb 2016 16:39:05 EST Reaching out to content creators can help small businesses It's no secret that small businesses are using social media to reach out to many consumers, but new expert advice suggests that the type of user being reached is more important that the total number.Writing for American Express' OPEN Forum, Rohit Bhargava explains that, according to some estimates, ... Wed, 24 Feb 2016 16:38:44 EST Thinking about a franchise succession plan Potential business owners taking advantage of a franchise opportunity have a lot to consider, and though it may be down the road, one of those considerations should be a succession plan for the business.The International Franchise Association Franchise Relations Committee recently announced a new pu ... Wed, 24 Feb 2016 16:38:22 EST Change can be good when creating a business plan When first undertaking a small business opportunity, entrepreneurs may want to plan out every aspect of the company's future. This is a noble goal, but as Bob Reiss of Entrepreneur magazine writes, the plan should be written in pencil.There are two main reasons for this, Reiss writes: Change is inev ... Wed, 24 Feb 2016 16:38:02 EST The responsibilities and rewards of franchise ownership When setting up a franchise opportunity, there are a number of ways owners can arrange the management structure and regular operations of the business. Kerry Pipes of recently offered her advice for those who decide to go it alone instead of teaming up with operational partners.Bosse ... Wed, 24 Feb 2016 16:37:41 EST What to know before introducing a new franchise Because franchise businesses often find success through brand recognition, opening a franchise that's not already well known in a particular area can take a bit of extra know-how. Fortunately, learning the right information beforehand can help a potential business owner turn his or her new franchise ... Wed, 24 Feb 2016 16:37:20 EST Considerations for selecting a franchise location Because a franchise company's brand and operations are already established, franchisees don't have to worry about many of the decisions that must be made when a business is built from the ground up. However, there is one crucial factor that still needs to be determined - location.Inc. magazine recen ... Wed, 24 Feb 2016 16:36:59 EST How small businesses can take advantage of online video One of the most popular aspects of the internet is the ready availability of video content. Because there are millions of users searching for and watching videos online, it's possible to turn the popularity of the medium into a small business opportunity.Small Business Trends recently talked about t ... Wed, 24 Feb 2016 16:36:35 EST Where to begin when thinking about franchise ownership For potential business owners in the market for a franchise opportunity, research can be the most important first step to take. Before someone can become a franchisee, he or she must understand the various types of opportunities available to them, then choose which direction to go in.The Oxford-Zeis ... Wed, 24 Feb 2016 16:36:12 EST Creating an experience customers will remember Because small companies want to drive repeat business, it is necessary to create a memorable customer experience. Writing for Entrepreneur magazine, Sydney Barrows recently discussed ways to get the most out of a small business opportunity by getting customers to feel good.Attentiveness is the first ... Wed, 24 Feb 2016 16:35:47 EST How a strong business relationship can lead to a world class franchise The goal of anyone undertaking a franchise opportunity should be to turn the business into a world-class franchise, but it's first necessary to learn what makes a franchise great.As Jeff Johnson of the Franchise Research Institute says in an article for, "the single greatest predictor ... Wed, 24 Feb 2016 16:35:21 EST Options for financing a franchise business After a business owner decides on a franchise opportunity, the next decision that must be made is how to finance it. There are a number of ways to address this question, and Ivan Widjaya of has presented them in terms that are easy to understand.The first financing option is the fr ... Wed, 24 Feb 2016 16:34:58 EST A small business can gain by creating an online presence More and more entrepreneurs are realizing that having a presence on the Internet can be a major boost for any small business opportunity, but many companies still aren't exactly sure how to do it. Hoping to address this problem, Daniel Kehrer of recently presented some examples of busin ... Wed, 24 Feb 2016 16:34:37 EST Why business books are still a good investment While there is a wealth of sound business advice available online, some experts believe that advice can be enhanced even further when entrepreneurs take it upon themselves to read business books as well. One such expert is Tim Berry, who recently called business books "the best buy in business" on h ... Wed, 24 Feb 2016 16:34:13 EST Securing loans by earning a banks trust As small businesses look for more assistance in starting and improving their companies, many banks are tightening their standards for giving out loans. In fact, only 2 percent of banks have loosened their standards for loan giving, according to a new survey by the Federal Reserve. However, securing ... Wed, 24 Feb 2016 16:33:52 EST Thinking about non traditional franchising may be beneficial Thinking outside of the fast food box may be a good idea for businesspeople considering starting a franchise in the next few years.According to the Buffalo News, the International Franchise Association predicted that most of the anticipated 2 percent increase in franchising this year would come from ... Wed, 24 Feb 2016 16:33:30 EST More lending during recession could make a great small business opportunity Ben Bernanke, U.S. Federal Reserve chairman, encouraged banks this week to open up more capital for lending to small- and mid-sized businesses.In a Federal Reserve Bank of Chicago meeting in Detroit, Bernanke urged banks to give thorough examination to all loan applications and to avoid "automatic r ... Wed, 24 Feb 2016 16:33:07 EST Things to consider when purchasing a franchise When businesspeople are thinking of taking advantage of a franchise opportunity, there are a few things they might want to consider.The first thing to address when purchasing a franchise is finances. Though purchasing a franchise is often much less expensive than starting a brand new business, owner ... Wed, 24 Feb 2016 16:32:48 EST How to use the Web effectively when researching franchise opportunities The Internet has not only made communication easier, businesses more effective and marketing more global, it has also given entrepreneurs the ability to research their business opportunities more thoroughly and quickly. Utilizing all the Web has to offer during the information-gathering phase of fra ... Wed, 24 Feb 2016 16:32:24 EST How to pick the right type of franchise There are thousands of types of businesses and franchises available to entrepreneurs. Restaurants, hair salons, tire sellers and professional franchises are just a few of the choices. The list could go on for pages. While it's great to have so many options, choosing the right type of business to ope ... Wed, 24 Feb 2016 16:32:02 EST Alternative options for financing a franchise Entrepreneurs having trouble securing a bank loan may feel stranded and unsure of what to do next. Looking to places other than banks for financial support may be the reality for many small business owners this year. Knowing where to find alternative capital is essential.Perhaps the best place to se ... Wed, 24 Feb 2016 16:31:33 EST Catering to dual income families could make a good franchise opportunity Americans are nothing if not busy. As the economic challenges continue many couples are becoming dual earners in an effort to keep financially afloat. Entrepreneurs considering opening a small business could use this trend as a unique franchise opportunity.Because of consuming work weeks and unprece ... Wed, 24 Feb 2016 16:31:11 EST Making the case for older franchisees While many companies look for their potential franchise owners to be younger, older entrepreneurs also have definite advantages when it comes to managing a small business opportunity, according to the Franchise Magazine's Tony Urwin.He says that while youthful franchisees can have more energy and en ... Wed, 24 Feb 2016 16:30:50 EST Slower summer months can be a franchise owners most productive While the hotter times of the year can be among the slowest for many small businesses - especially tax franchises, whose busiest time is in the spring - reports that business owners can also take advantage of those months to be better prepared for the rest of the year.To combat the lag ... Wed, 24 Feb 2016 16:30:27 EST Small franchises taking advantage of lower commercial real estate prices Many commercial landlords are battling high vacancy rates by giving heavy concessions to franchises in order to help fill empty retail spaces, the Star-Ledger reports."There is no question about it: Coming out of the recession, people are doing a lot more franchise deals," Chuck Lanyard, president o ... Wed, 24 Feb 2016 16:30:04 EST Financing tips for buying a franchise One of the most difficult aspects of starting any kind of small business is financing the original purchase. As the Wall Street Journal reports, the financing process for a franchise has its own system, and potential owners should be prepared.Much of franchise financing is done by commercial banks, ... Wed, 24 Feb 2016 16:29:40 EST Deciding when to hire additional employees As a franchise opportunity blossoms, the business' owner will need to consider expanding his or her workforce. As Fox Business says, determining when to bring in additional employees can be a difficult decision."Your biggest expense is the cost of your people, and when managing that resource you nee ... Wed, 24 Feb 2016 16:29:15 EST Real estate agents leaving own companies for the stability of a franchise A growing number of new and experienced real estate agents have decided to join franchises for stability and name recognition, Crain's Chicago Business reports.Agents told the paper that franchises come with "ready-made materials for marketing, advertising recruiting and accounting" that are ideal ... Wed, 24 Feb 2016 16:28:52 EST Franchise owners need to have an open mind While many entrepreneurs may think they have a good handle on the business and bookkeeping side of their new venture when opening a franchise, other aspects of the business may be a big departure from what they're used to, according to the Tampa Bay Business Journal.Bob Dorfman, a franchisee for Fiv ... Wed, 24 Feb 2016 16:28:30 EST Layoffs lead many to take advantage of a new small business opportunity Getting laid off is a shocking situation for many workers. But some entrepreneurs are using that situation to take advantage of a small business or franchise opportunity.The Augusta Chronicle found one Georgia resident, Sheri Osburn, who spent 17 years working in information technology for a transpo ... Wed, 24 Feb 2016 16:28:11 EST Forward thinking critical when considering a franchise opportunity Starting a franchise is something that shouldn't be taken lightly - it's a long-term business investment. For that reason, potential owners need to think about how a potential franchise will perform in the future, Entrepreneur magazine reports.Potential owners should first think about the product th ... Wed, 24 Feb 2016 16:27:49 EST Small business owners should use social media to increase sales Gaining new customers is always one of the top priorities of any small business opportunity. An increasing number of companies are now using social media to improve their lead generation - to great effect.Research by consulting firm Chadwick Martin Bailey found that Facebook users were 51 percent mo ... Wed, 24 Feb 2016 16:27:29 EST Questions potential franchise owners should ask themselves A franchise opportunity can be a great way for someone to be his or her own boss without the uncertainty of starting a business from scratch. But regardless of what kind of franchise an entrepreneur might choose, there are a number of questions they should ask themselves before starting out, accordi ... Wed, 24 Feb 2016 16:27:08 EST Franchise owners are often valued sources of input Most of the time, franchise owners receive advice or input from their parent companies regarding certain issues. But some companies have also taken advice from their franchise owners, and reaped the benefits, Entrepreneur magazine reports.Liberty Tax Service CEO and Founder John Hewitt commented, "C ... Wed, 24 Feb 2016 16:26:47 EST Key considerations for working with an operating partner Sometimes a franchise opportunity feels like a great investment for potential owners, but the idea of running the company alone is a bit unnerving. In this case, they may turn to an operating partner for help. says that as long as a partner relationship is well-managed, it can provid ... Wed, 24 Feb 2016 16:26:24 EST Franchise owners taking advantage of social media platforms The use of social media Web sites by consumers continues to grow. But Entrepreneur magazine reports that many small business and franchise owners are using the popular Internet sites to help grow their companies by posting industry news and promoting special deals.Many of the biggest franchises in t ... Wed, 24 Feb 2016 16:26:04 EST Franchise ownership as an alternative to job hunting Working to purchase a franchise opportunity is a valuable investment. But Entrepreneur magazine's Jeff Elgin says it can also be an opportunity to ditch the normal 9-to-5 workday in a poor job market.Franchise ownership gives the small business owner a great deal of control about the business, and p ... Wed, 24 Feb 2016 16:25:44 EST Franchise ownership doesn t require business experience Owning a franchise is a big financial and personal investment. But potential owners don't necessarily need to have hands-on business experience to take the leap, according to Franchise magazine contributor Matthew O'Neil.Because many potential franchise owners may be new to the business they want to ... Wed, 24 Feb 2016 16:25:23 EST Territory and location important considerations for franchise ownership While things like the initial investment and franchise fee are always important when selecting a franchise opportunity, less obvious considerations such as territory and location can also be critical to the long-term success of the business, business lawyer Gina M. Norris told the Union Leader.Norri ... Wed, 24 Feb 2016 16:25:02 EST Franchise relationship needs respect understanding The relationship between a franchisee and his or her parent company can be a complicated one, and sometimes opinions about a business decision may differ. Entrepreneur magazine columnist Joe Lindenmayer says that to keep a functioning relationship, it's important for franchisees to view decisions fr ... Wed, 24 Feb 2016 16:24:40 EST Potential franchise owners need to understand franchisors intentions Looking at a franchisor's history is an important step for any potential investor. Freddie Rayner, a franchising expert and author of "Your Franchise Success," told Exec Digital magazine that potential franchise owners need to pay attention if they feel a company may not care about their success.Whi ... Wed, 24 Feb 2016 16:24:20 EST First days after buying a franchise opportunity are critical The process of buying a franchise opportunity doesn't end after signing on the dotted line. After all of the research and paperwork of purchasing a franchise is done, a new franchise owner still has a lot of work left to do, according to of the first steps a new franchise owner n ... Wed, 24 Feb 2016 16:23:59 EST Many franchisors offer special programs to help cut costs Many issues factor into deciding whether to take advantage of a franchise opportunity, but perhaps none are so important as the critical question of money.The economy may be tight, but that should not discourage potential franchisees, writes. There are many ways to invest in a franch ... Wed, 24 Feb 2016 16:23:36 EST Retirees are reaping the benefits of buying a franchise As today’s older population proves, there is no such thing as being “too old” to take advantage of a franchise opportunity.Retirees are living an increasingly more active lifestyle, and more of them than ever are entering into post-retirement jobs for a variety of reasons. Dan and Mary Ann Jones bec ... Wed, 24 Feb 2016 16:23:13 EST Home based franchises help investors save money Starting a home-based franchise can be an excellent small business opportunity for investors looking to save money, while gaining all the benefits of support that a storefront franchisor offers.When considering a home-based franchise, there are a host of questions potential franchisees must consider ... Wed, 24 Feb 2016 16:22:50 EST Contributed columns help franchisees establish online presence One way for franchisees to expand business and increase revenue is to establish a presence through social media and networking channels.Contributed columns are an often under-utilized avenue for online marketing in the Twitter-Facebook world. These columns are articles written for a Web site or blog ... Wed, 24 Feb 2016 16:22:26 EST Franchise trade shows offer franchisees wealth of information For investors looking for the perfect franchise opportunity, franchise trade shows could be the next step.Franchise trade shows are held nationwide, and host dozens - or even hundreds of brands - allowing potential investors to speak with franchisors and franchisees and interact firsthand with the c ... Wed, 24 Feb 2016 16:22:02 EST When choosing a franchise its location location location When starting a small business opportunity, location is key. In franchising, it is no less important to pick a prime spot.Choosing the right location for a franchise is important to building on the strong brand name, marketing and business plans the franshisor already has in place, Inc. magazine rep ... Wed, 24 Feb 2016 16:21:39 EST College graduates are the next franchisees Straight out of college, most young graduates enter the job force or pursue higher degrees. However, reports that a growing number of young people are investing their time and energy into buying and running their own franchise opportunity while still in their 20s.Age can pose unique ... Wed, 24 Feb 2016 16:21:16 EST Research essential for franchisee success Recent changes to Australia’s Franchising Code of Conduct bring into focus the need for potential franchisees worldwide to invest in education before committing to a franchise opportunity.Experts in the country believe that a renewed commitment to education could reduce possible conflicts by making ... Wed, 24 Feb 2016 16:20:51 EST Investors should do their homework before choosing a new franchise It can be a fairly safe decision to invest in a franchise with an established reputation such as McDonald’s or Little Caesar’s, but deciding to open a new franchise can require a bit more knowledge on investors’ parts.New franchises require potential investors to be prepared and informed - they may ... Wed, 24 Feb 2016 16:20:30 EST Potential franchisees need to keep up with trends When choosing whether to invest in a franchise opportunity, franchisees need to not only keep up with government and industry trends, but fully understand them as well.There are four types of trends that potential franchisees must consider to make an informed decision, reports. These ... Wed, 24 Feb 2016 16:20:07 EST Checklists are a key tool for potential franchisees When evaluating a franchise opportunity, potential investors need to organize and prepare a plan of action.After accumulating a sufficient amount of research, franchisees must ask questions to make sure no stone has gone unturned, and making checklists can be an invaluable tool, repo ... Wed, 24 Feb 2016 16:19:43 EST Setting goals can lead the way to franchise success With any new venture or investment, it is critical to set a range of goals that encompass both financial aspirations and quality of life goals, and with a franchise opportunity, this is no different.Prior to beginning franchise research, individuals should make a list of three- and five- year goals ... Wed, 24 Feb 2016 16:19:19 EST Potential franchisees need to do extra research in tough economic times The economic downturn requires potential investors to do additional investigation and research on a franchise opportunity.Although the recession has not been kind to non-franchise businesses, franchises have proven their strength and resilience as a business model by offering franchisees the financi ... Wed, 24 Feb 2016 16:18:52 EST Investing in a franchise can save entrepreneurs more money than opening a small business Many possible investors consider a franchise opportunity and see only franchise and royalty fees, but in many cases, buying a franchise can prove more lucrative over time than opening a small business.When buying into a franchise, investors will be required to pay company fees. However, in exchange ... Wed, 24 Feb 2016 16:18:27 EST Potential franchisees shouldnt be fooled by myths When deciding to invest in a franchise opportunity, it is important to separate fact from fiction.Becoming a franchisee can be a very rewarding and lucrative business opportunity. However, many misconceptions exist about how to choose a business, how to be successful and how to deal with franchisor ... Wed, 24 Feb 2016 16:18:04 EST Contacting a franchisor a time to ask questions A sufficient amount of research and preparation is required for evaluating a franchise opportunity. However, once a potential franchisee makes the decision to invest, he or she will need to take the first important step of making contact with the franchisor.First contact is usually made online throu ... Wed, 24 Feb 2016 16:17:40 EST A successful franchise requires a comprehensive budget Taking full advantage of a franchise or small business opportunity requires developing successful budgeting skills.First-time franchisees must embrace the managerial aspect of the business to handle two critical financial issues - finding the startup capital and surviving those early years, Franchis ... Wed, 24 Feb 2016 16:17:17 EST Determining ROI is crucial for potential franchisees Investors deciding on whether to jump into a franchise opportunity commonly hear the acronym ROI thrown about. But understanding what it means for future financial success and a possible investment is extremely important.When individuals invest in the stock market, they are making a passive investme ... Wed, 24 Feb 2016 16:16:54 EST Customer loyalty programs help franchisees succeed When the economy starts to flounder, small business owners rely on customer loyalty and retention to weather the storm and continue driving sales. For individuals invested in franchise opportunities, this business principle is no different.Franchisees have the benefit of strong, already proven marke ... Wed, 24 Feb 2016 16:16:31 EST With planning and communication family members can make the best franchise partners “Entering the family business” is usually a phrase individuals use to describe small, locally owned businesses. However, a franchise opportunity can offer a perfect chance for family members to work together without breaking the bank - or each other.While doing business with a family member may seem ... Wed, 24 Feb 2016 16:16:07 EST Unit economics helps franchisees attain financial success Planning and organization are key practices that transform a franchise opportunity into a franchise success. And none of the aspects of these practices are as important as maintaining a streamlined and comprehensive financial structure.Savvy franchisees use a strategy called unit economics to track ... Wed, 24 Feb 2016 16:15:46 EST Face to face networking offers huge advantage for women franchisees While face-to-face contact is important for any small business opportunity, it is especially crucial for women franchisees trying to gain a competitive edge.Using online networking sites such as Facebook, Twitter and LinkedIn is an important part of any savvy franchisee's marketing strategy. However ... Wed, 24 Feb 2016 16:15:25 EST Franchises are good investments in a tough economy In an uncertain economic environment, a franchise opportunity can be a smart investment for the business-minded.Every year, thousands of Americans invest in franchises as a gateway to business ownership, the Houston Chronicle writes. But a franchise requires a certain personality type and character ... Wed, 24 Feb 2016 16:15:02 EST Connecting undercapitalized investors and franchisees The economic climate may have made it difficult for potential franchisees to find financing for investing in a small business opportunity, but some individuals are devoted to helping franchisees accomplish their goals.Dan Shifrin, a former executive of ZipCar, has launched two Web sites hoping to co ... Wed, 24 Feb 2016 16:14:38 EST What franchisees want in an applicant Making the decision to invest is the first step for potential franchisees in acquiring a franchise opportunity. However, interest alone is not enough - investors will need franchisor approval.To open a franchise, interested individuals will need to submit an application with pertinent financial and ... Wed, 24 Feb 2016 16:14:14 EST How to use the Internet to research franchise opportunities The Internet has become an unparallelled tool for research - able to answer most questions a user could seek to ask. And when potential franchisees begin to mulling over a franchise opportunity, it's usually the first place they look for information.Franchise rankings, reviews and articles are abund ... Wed, 24 Feb 2016 16:13:50 EST Franchisees should consider the endgame before opening day When potential investors are considering a franchise opportunity, their focus is usually consumed by immediate considerations, such as finding a location, raising funds and buying the necessary equipment. However, before purchasing a franchise, potential franchisees should think about how they will ... Wed, 24 Feb 2016 16:13:26 EST Hiring employees for a franchise opportunity requires special attention Like any small business opportunity, a franchise's success is greatly determined by its employees. However, hiring workers is not a one-size-fits-all process for all businesses - there are a few unique issues that a franchisee will have to handle when searching for employees.Franchises that don't re ... Wed, 24 Feb 2016 16:13:04 EST Developing a profitable relationship with the media After the initial hullabaloo of opening a franchise opportunity dies down, new franchisees are left to wonder how they can get their message out and continue to grow their business.The majority of new franchisees do not have the funds to hire a publicist to handle media relations or the time to deal ... Wed, 24 Feb 2016 16:12:41 EST Buying a franchise resale can be a good idea for inexperience investors Sometimes investing in a small business opportunity or buying a new franchise can seem overwhelming. However, those who want to get into the franchise business while avoiding the responsibilities and complications that come along with a startup should consider buying a franchise resale.These busines ... Wed, 24 Feb 2016 16:12:16 EST Multi unit models are the future of franchising In the past, franchisees ran single-unit businesses - putting all their effort and time into one location. However, times are changing and more investors are opening multiple franchise opportunities to maximize profits and boost success.Frank Cutchall, CEO of Cutchall Management, owns 43 different r ... Wed, 24 Feb 2016 16:11:54 EST Making the most of the franchisor franchisee relationship Small business owners are used to calling all the shots - deciding how to market a product, what to sell and even how the store should look to customers. However, those investing in franchise opportunities answer to a higher authority, listening to and working with the franchisor.Working with an est ... Wed, 24 Feb 2016 16:11:30 EST Determining franchise risk comes down to a few simple tests It is one thing to tell business owners to invest a significant amount of time to determine whether a franchise is a good fit, but what about risk? Not all franchise opportunities are created equal, and some are bound to be safer investments than others. By using five simple tests, potential franchi ... Wed, 24 Feb 2016 16:11:07 EST Qualifying for a franchise despite credit missteps As unemployment continues to hound the economy and U.S. workers, more and more individuals are investigating franchise opportunities as a reliable source of income. However, many of these potential franchisees may not have the soundest financial history.More than one-third of Americans have a credit ... Wed, 24 Feb 2016 16:10:46 EST New franchisees have nothing to fear from selling While an already tested and deployed marketing strategy is one of the many benefits of investing in a franchise opportunity, it does not mean that a franchisee has no responsibilities when it comes to attracting new customers. On the contrary, he or she must learn how to become comfortable with sell ... Wed, 24 Feb 2016 16:10:22 EST Weighing the pros and cons of a franchise broker Investigating a franchise opportunity can require hours of research, investigating a company's practices, legal history and business future - and that's only after an individual has decided on a specific franchise. With hundreds of options and factors to consider, many potential franchisees turn to ... Wed, 24 Feb 2016 16:09:58 EST Franchisees should use the economy as a benchmark for potential investments While the economic situation has generally not been considered a blessing by the business world, in some ways it actually can help make the decision of which franchise opportunity to invest in just a little bit easier.In the past 14 months, somewhere between 200 and 400 franchise systems have strugg ... Wed, 24 Feb 2016 16:09:35 EST Awkward questions a buyer should ask a franchisor While a Franchise Disclosure Document is a good - and necessary - place to begin researching a franchise opportunity, there are several pieces of information that a potential franchisee may not find in the FDD.Due to federal and state law, there are certain facts and parts of a franchise system's re ... Wed, 24 Feb 2016 16:09:15 EST Franchisors value applicants with sales experience In today's uncertain economy, even the most talented of salespeople can suddenly find him or herself out of a job as companies increasingly look for ways to cut costs and downsize. However, as the old adage says: When one door closes, another one opens. For recently unemployed salespeople, this coul ... Wed, 24 Feb 2016 16:08:54 EST Marketing within a franchise can help unit owners build customer loyalty Successfully marketing a franchise opportunity involves several components, including using the resources a franchisor provides and working with fellow franchisees. However, learning to market within a business is a highly important - and cost-effective - way to build customer loyalty while continui ... Wed, 24 Feb 2016 16:08:31 EST Potential franchisees can turn to funding specialists for help In today's economy, securing financing for a franchise opportunity can be a difficult task, but it is not insurmountable. There are several paths that potential franchisees can pursue to get the necessary capital to invest in their dream job.Several strategies are open to potential franchisees depen ... Wed, 24 Feb 2016 16:08:08 EST How to choose a green franchise Many businesses today are benefiting from going green - saving money and impressing consumers by demonstrating a commitment to the world around them. Franchises are no different. In fact, choosing a "green" franchise opportunity or transforming current business practices to be more environmentally f ... Wed, 24 Feb 2016 16:07:44 EST The pros and cons of investing in an untested franchise When considering investing in a franchise opportunity, potential buyers are generally encouraged to speak with other franchisees, consult press write-ups and compare unit revenues and expenses to determine the ultimate risk and value of a system. But what if it's a new franchise system? In fact, wha ... Wed, 24 Feb 2016 16:07:20 EST Franchisees should budget for upfront and ongoing fees Investing in a franchise opportunity is a significant financial transaction not only when signing the initial contract, but also for the entire time the franchisee is in business. Knowing exactly what fees they should expect to pay upfront and on a recurring basis will help franchisees plan for a su ... Wed, 24 Feb 2016 16:06:57 EST An accountant is a key member of any franchise team In today's economy, small business and franchise unit owners are more concerned than ever with saving money and cutting costs. What was typically done by three workers may now be the responsibility of a single employee. Tasks that were outsourced are now dealt with in-house. However, there are just ... Wed, 24 Feb 2016 16:06:34 EST Franchisees should set realistic goals for employee improvement In some regards, a franchise opportunity is no different than any other business - its success depends upon the hard work and effort of quality employees. However, that doesn't mean that there isn't room for improvement. Conducting annual performance appraisals can keep employees and a franchise ope ... Wed, 24 Feb 2016 16:06:10 EST Franchisees should analyze competitors to be more prepared Potential franchisees are often instructed to do market analysis to determine which system is the best match for them. But once an individual has chosen a franchise, that does not mean he or she should stop hitting the books. Part of being a successful franchisee requires thorough understanding of o ... Wed, 24 Feb 2016 16:05:45 EST Mobile marketing helps franchisees tap larger market of consumers In businesses across all industries, marketing is going mobile. As the proliferation of smartphones continues, an increasing number of unit owners are turning to mobile advertising to snag new customers for their franchise opportunity and keep loyal buyers coming back for more.According to Franchise ... Wed, 24 Feb 2016 16:05:22 EST Second career executives and women are among growing franchisee segments Those investing in franchise opportunities today are a diverse bunch, coming from all walks of life to take a chance on one of the most popular business models today. With Cold Stone Creameries, Jamba Juices and Subways dotting the retail landscape in growing numbers, Entrepreneur magazine set out t ... Wed, 24 Feb 2016 16:04:59 EST Creative ideas bolster franchises Many individuals opt out of the corporate world in favor of a small business or franchise opportunity that will afford them a greater degree of independence and creativity. While owning a franchise unit may give businesspeople more control over day-to-day tasks, the freedom to set their own hours an ... Wed, 24 Feb 2016 16:04:37 EST Four week plan can help franchisees research systems Before investing in a franchise opportunity, it is crucial that prospective franchisees spend a significant amount of time researching the system. Knowing where to start can be difficult, but luckily help exists - in the form of a four-week plan.Any potential franchisee should begin their research b ... Wed, 24 Feb 2016 16:04:13 EST Franchisees must employ social media to satisfy consumers Businesses of all sizes are using social media to advance their marketing campaigns and appeal to new audiences, young and old. Franchises are no different - social networks such as Facebook, Twitter, LinkedIn, YouTube, Flickr and WordPress can help take a franchise opportunity from just getting by ... Wed, 24 Feb 2016 16:03:48 EST Finding a franchise operating partner When people consider investing in a franchise opportunity, they often envision all the benefits of owning their own business. However, those early months of getting a franchise off the ground can be stressful and require long hours and some skills a franchisee may not have. In this case, it is often ... Wed, 24 Feb 2016 16:03:25 EST Factors to consider when searching for franchise real estate Investing in a franchise opportunity has many advantages: a proven business model, effective marketing and a nationally recognized brand, to name a few. In addition, franchise systems may assist new unit owners in site selections and even lease negotiations. However, like a regular small business, f ... Wed, 24 Feb 2016 16:03:02 EST Franchisees can team up for success Franchise opportunities offer prospective unit owners several benefits, including a tried-and-tested product, marketing strategy and brand that has been altered and perfected to suit the changing marketplace. However, one of the most important aspects to a unit's success is a bit harder to quantify: ... Wed, 24 Feb 2016 16:02:38 EST Vetting financial partners is key to a healthy business relationship Many savvy businesspeople may have the qualities it takes to make a great franchisee - ambition, good people skills and the mindset of a team player. However, sometimes these individuals may not have the funds it takes to purchase a franchise opportunity alone. This is where a financial partner coul ... Wed, 24 Feb 2016 16:02:14 EST Franchisors seeking female applicants Franchising, like business, used to be a man's world. However, more and more women are investing in franchise opportunities and finding themselves uniquely fit for the industry.Recent studies cited by reveal that since the 1970s, women have been increasingly starting their own busine ... Wed, 24 Feb 2016 16:01:51 EST Judging the structure of a franchise opportunity Every business-minded individual dreams of success when investing in a franchise opportunity, and there are many different tricks and techniques employed in building and running a successful franchise unit. However, there are a few universal building blocks that prospective franchisees should keep a ... Wed, 24 Feb 2016 16:01:28 EST Five constants of a successful franchise opportunity When considering purchasing a franchise opportunity, it is imperative for prospective buyers to conduct a great deal of research, from marketing to financial history. However, despite the changing times and rapidly advancing business atmosphere, there are a few constants that denote a successful fra ... Wed, 24 Feb 2016 16:01:04 EST Choosing between a personal and business credit card When opening a franchise opportunity, new unit owners will likely be solicited by a number of credit card companies which that special business cards. However, franchisees should be careful to understand the pros and cons that accompany these cards before becoming a cardholder.A report by the Federa ... Wed, 24 Feb 2016 16:00:41 EST Franchising makes up large portion of US business market As a result of the economic recession, a wealth of qualified and experienced business professionals has flooded the job market. However, with prospects tight, many of them decided to quit the search and become entrepreneurs themselves, and one of the most popular options for these talented business ... Wed, 24 Feb 2016 16:00:19 EST Franchise systems are seeking to increase percentage of minority owned businesses During the past several decades, franchise opportunities have seen a new segment of owners emerge alongside the economic power of minorities. As the percentage of African Americans, Hispanics and Asians owning a franchise in America has grown steadily, a "new majority" has emerged, according to Fran ... Wed, 24 Feb 2016 15:59:56 EST Deciding whether to invest in an unprotected territory The Franchise Disclosure Document contains a wealth of information, from how much royalty fees will cost a prospective franchisee to the system's training opportunities. However, there is one key term franchisees should search out when considering investing in a franchise opportunity: "protected ter ... Wed, 24 Feb 2016 15:59:31 EST Financing a franchise opportunity in a tight lending environment In today's tough economy, finding the funds to finance a franchise opportunity can seem like an insurmountable task. However, for those business-minded individuals truly set on operating their own franchise opportunity, there are a number of options.According to Entrepreneur magazine the secret to f ... Wed, 24 Feb 2016 15:59:08 EST Factors to consider when determining franchise territory The Franchise Disclosure Document covers a wide variety of topics and details for those investing in a franchise opportunity, including marketing strategies, annual fees and legal requirements. One of the most important subjects is franchise territory requirements.Franchise units are built upon the ... Wed, 24 Feb 2016 15:58:46 EST Funding increasingly available to prospective and experienced franchisees One of the biggest hurdles facing individuals seeking to invest in franchise opportunities is financing. Today's banks have grown notoriously stringent when it comes to extending loans, with funding dropping at perilous rates.For example, California franchisees and small businesses saw lending drama ... Wed, 24 Feb 2016 15:58:23 EST Franchisees should match a system to their unique qualifications As result of the financial crisis and resulting economic recession, scores of highly qualified and talented business executives and managers found themselves out of work, and as the unemployment rate only continued to rise, they remained without a job. However, many of these business-minded individu ... Wed, 24 Feb 2016 15:57:59 EST The franchise financing forecast for 2011 Business hopes are running high for 2011. With experts from Federal Reserve Chairman Ben Bernanke to Federal Deposit Insurance Corporation head Sheila Bair predicting financing to loosen up and a slew of surveys reporting increased small business optimism for 2011, franchise opportunities are set to ... Wed, 24 Feb 2016 15:57:37 EST Evaluating a franchise training program helps differentiate systems As franchise opportunities expand, comprehensive research becomes more and more important for interested buyers comparing different franchisor systems. While many companies share similar qualities, the training program is where prospective franchisees can separate the leaders from the rest of the pa ... Wed, 24 Feb 2016 15:57:17 EST Franchisees can personalize their units and still remain loyal to the brand Entrepreneurs are generally seen as a creative bunch. With independently owned businesses, they get to exercise full control, from deciding what colors the company's logo will use to branding and product updates. However, once business-minded individuals decide to forgo personal business ownership a ... Wed, 24 Feb 2016 15:56:54 EST Customer service may be the best marketing strategy Succeeding in a franchise opportunity requires savvy business knowledge, dedication to a product and consumer knowledge - all of which are also central to a good marketing strategy. Especially in today's economic climate, driving customer demand for a brand, product or service will be crucial to hig ... Wed, 24 Feb 2016 15:56:33 EST Franchisees should hire their team before opening their units Like any small business, franchise opportunities depend on a successful team of employees. While it may seem natural to many business-minded individuals to search for and hire employees after signing a franchise agreement, it will actually benefit prospective franchisees to have their team ready to ... Wed, 24 Feb 2016 15:56:11 EST Rankings and lists can help franchisees compare systems Rankings, lists and expert opinions are a key research tool for prospective franchisees hoping to invest in a franchise opportunity. They can provide interested individuals with a quick comparison between franchises, showing how one franchise stacks up to the competition.One business source, Entrepr ... Wed, 24 Feb 2016 15:55:48 EST Franchising trends to keep an eye out for Franchising, like any industry, evolves and changes over time, with new trends appearing and others fading. However, there are a few new developments that are affecting who invests in a franchise opportunity and how operations are run.According to the International Franchise Association, three of th ... Wed, 24 Feb 2016 15:55:28 EST Baby Boomers seek out franchise opportunities During the economic downturn, franchises became a haven for successful executives and managers in their 30s and 40s who were out of work yet highly skilled and looking for independence. However, this is not the only demographic that has increasingly turned to franchises as a relatively secure and fi ... Wed, 24 Feb 2016 15:55:05 EST Careful homework required before diving head first into franchise opportunities A wise investor, experts say, is a well-informed one, and this is especially true for those interested in becoming part of a franchise. While there are many significant advantages to using the franchise system, there are also potential pitfalls involved.According to an advisory from the North Americ ... Wed, 24 Feb 2016 15:54:45 EST Tips to researching a franchise from an expert When researching a franchise opportunity, it is no big secret that prospective buyers should seek out as many resources and opinions as possible. While books, websites and franchisor materials are necessary reads, sometimes the most valuable information can come from other experienced owners.With no ... Wed, 24 Feb 2016 15:54:24 EST Franchising perfect opportunity for working mothers Balancing a career and a family has proved to be a unique challenge for women. Returning to the office after maternity leave or longer sojourns raising children can prove difficult for many women, as the demands of both environments continue to weigh heavily on their minds.As a result, an increasing ... Wed, 24 Feb 2016 15:54:02 EST Franchise associations lend credibility and resources to franchisors and unit owners By investing in a franchise opportunity, an individual is doing more than entering into a relationship with a specific franchise system and local community - they are joining an industry of franchisees nationally and around the world. And like any other major industry, the franchise sector has a num ... Wed, 24 Feb 2016 15:53:42 EST Avoiding the hard sell from franchisors by doing your research When researching a franchise opportunity, prospective buyers understand the importance of speaking with franchisors. However, it is not uncommon for franchisees to be worried or nervous about this conversation. Will franchisors push the sale hard or pressure interested individuals to buy? While not ... Wed, 24 Feb 2016 15:53:23 EST Support network franchising offers attractive to business owners In communities across the United States, an increasing number of individuals are looking toward investing in a franchise opportunity as a way of finding financial independence and success.Consider Mike Haley of Newburgh, Indiana. For years, Haley had worked in the food service business, but eventual ... Wed, 24 Feb 2016 15:53:03 EST SBA loan table helps franchisees determine an opportunitys potential for success Business-minded individuals looking for a franchise opportunity to invest in have a plethora of choices to select from as the industry continues to expand. However, not all franchises are created equal - some may provide franchisees with a high return on investment, while others may be more prone to ... Wed, 24 Feb 2016 15:52:43 EST Franchise policies are created with past experiences and successes in mind While franchises offer business-minded individuals a network of support, tried-and-true marketing methods and numerous other advantages, franchisees, unlike those investing in a small business opportunity, must comply with a set of policies.Franchisor policies are not merely rules for the sake of ha ... Wed, 24 Feb 2016 15:52:24 EST Motivating hourly employees takes creativity Part of owning a franchise opportunity, whether it is a tax franchise or a fast food one, means managing employees. While some employees may be on salary, many will be paid by the hour, and keeping these workers motivated requires some planning.First, why are hourly employees so important to a franc ... Wed, 24 Feb 2016 15:52:03 EST Franchisees employ new strategies to meet challenges of 2011 Like the small business sector, current and prospective franchisees have entered the new year with a sense of cautious optimism - major financial institutions are loosening up lending requirements, the federal government is increasing aid and consumers are beginning to spend again.In fact, a recent ... Wed, 24 Feb 2016 15:51:41 EST Franchisee support Small vs large systems One of the most common reasons businesspeople cite for investing in a franchise opportunity is the level of support that a system provides its unit owners. From marketing help to training and assistance finding a location, franchisees have the benefit of entering the market with a built-in support s ... Wed, 24 Feb 2016 15:51:21 EST Determining a franchise systems risk Buying a franchise opportunity is a significant investment, not unlike opening a small business. While franchisees have the advantage of a developed marketing strategy, franchisor support and successful business model already in place, they still run into some of the same problems that are plaguing ... Wed, 24 Feb 2016 15:51:00 EST Keeping managers motivated Investing in a franchise opportunity has long been an appealing and popular option for business-minded individuals looking for independence and a successful model to build on. However, just because a prospective franchisee is interested in owning a unit does not mean they want to be the person in th ... Wed, 24 Feb 2016 15:50:40 EST Multiconcept franchisees are growing in popularity When investing in a franchise opportunity, most franchisees will be satisfied to run and maintain one unit. It provides a challenge for any entrepreneur; from scouting a location to keeping employees motivated and reaching out to new audiences, a franchisee's work is never done.However, some franchi ... Wed, 24 Feb 2016 15:50:20 EST Franchise documents can help potential buyers avoid unfortunate surprises When researching a franchise opportunity, there are a number of resources that potential buyers should consider using, including current franchisees, the Internet and other business professionals. However, a franchisor also has a number of materials that not only will help franchisees get acquainted ... Wed, 24 Feb 2016 15:50:00 EST Franchisers reflect on industry growth and franchisees desires More than two years ago, the financial system crashed, leaving many Americans without jobs, including many bankers, traders and corporate executives. However, franchising turned out to be a welcome venue for these talented individuals to use their significant experience and business skills to toward ... Wed, 24 Feb 2016 15:49:38 EST Franchisees should prepare mentally and physically for unit ownership Prospective buyers know that when researching a franchise opportunity they will need to consider a system's legal and financial histories, as well as marketing plans and franchisee support. However, sometimes franchisees forget their is another side to evaluate: themselves.To be fully prepared to op ... Wed, 24 Feb 2016 15:49:17 EST How does age affect becoming a franchisee While their dogged determination is impressive, many Millenials lack a certain level of business experience and acumen that could make managing a franchise unit a much more difficult enterprise for them than those twice their age. This fact has provoked many prospective franchisees and franchisors t ... Wed, 24 Feb 2016 15:48:55 EST Franchise marketing tips for 2011 While franchisees are generally required to follow an overall marketing plan devised and handed down from the franchisor, there is still some wiggle room for how a unit owner can advertise their franchise opportunity to his or her local community.Now, it may be tempting to implement the same old tir ... Wed, 24 Feb 2016 15:48:36 EST Determining family succession for a franchise For many, owning a franchise opportunity is not only a path to business independence and success but the beginning of a family business as well. These ventures are more than an ordinary workplace - they are invested with emotional and sentimental value, which coupled with a significant amount of cap ... Wed, 24 Feb 2016 15:48:14 EST Franchisee training demonstrates franchisors commitment to system success Preparing to open a franchise opportunity requires a number of tasks to be accomplished. Franchisees must acquire financing, select a unit location and hire employees. However, even once all these elements are in place, there is still more to be done, and often, this is covered through franchisor-pr ... Wed, 24 Feb 2016 15:47:53 EST Approaches to the vendor franchisee relationship Apart from the franchisor-franchisee partnership, one of the most important relationships an individual investing in a franchise opportunity can develop is with his or her vendors. These businesses will provide franchisees with everything they need to keep their business in operation, from paper and ... Wed, 24 Feb 2016 15:47:31 EST Understanding franchising legal concerns from a franchisors perspective Like any small business opportunity, franchises entail a number of financial, operational and personnel tasks. However, attempting to cover all these items alone would be a fool's mission, especially when it comes to understanding legal documents, such as agreements and system regulations and rules. ... Wed, 24 Feb 2016 15:47:08 EST Franchisees cannot sit back and wait for the customers to come to them When discussing the advantages of investing in a franchise opportunity relative to opening an independent business, experts almost always cite the already recognizable brand and marketing strategy and support that it comes with. But franchisees can't just sit back and expect their franchisor to do a ... Wed, 24 Feb 2016 15:46:47 EST Judging if a franchise is meant for rapid growth No one wants to invest in a franchise opportunity that is going to go under in the next year or two - in fact, even a franchise system that remains stagnant may not be the most attractive investment for ambitious businesspeople. As such, there are a few ways that prospective franchisees can judge wh ... Wed, 24 Feb 2016 15:46:25 EST IFA hopes to turn former professional athletes into star franchisees In the past, owning a franchise opportunity was limited to a very small group of business owners. However, increasingly franchisors are opening up their doors to minorities and women, as well as pushing assistance to veterans.Now, the International Franchise Association has announced that it will be ... Wed, 24 Feb 2016 15:46:04 EST The allure of big name franchise systems For many individuals, the prototypical franchise is a big name company with units located across the country and even internationally. Its products or services often can be recognized solely by its logo.Consider Starbucks, for example. The coffee chain recently updated its logo in celebration of its ... Wed, 24 Feb 2016 15:45:41 EST Providing on going training for employees is key to success While a franchisee may have the support system, marketing methods and tried-and-true product, if they don't have a core set of dedicated employees ready to learn from their mistakes and continue improving, all the advantages in the world may not matter.In a recent article for, analy ... Wed, 24 Feb 2016 15:45:20 EST First to franchise in a community has ups and downs Most prospective franchisees will choose to open a franchise opportunity that is previously known to a local community. However, there are occasions when certain franchisees become the first to launch a certain venture in an area, presenting unique opportunities and challenges.Instant brand recognit ... Wed, 24 Feb 2016 15:44:57 EST Is there a secret trick to franchise research Buying a franchise opportunity can be a tricky and confusing process, requiring prospective buyers to invest a significant amount of time researching options and interviewing franchisees. The sheer enormity of the task leaves many wondering if there is some secret to knowing whether a franchise will ... Wed, 24 Feb 2016 15:44:34 EST Tackling the research process one item at a time Before investing in any small business opportunity or major expense, individuals are encouraged to do research with all due diligence by asking questions, meeting with professionals and evaluating their options. Franchising is no different, and prospective franchisees have a wealth of resources at t ... Wed, 24 Feb 2016 15:44:12 EST Negotiate to win on leases While franchisors provide new and prospective franchisees with support in finding a location and obtaining financing to secure it, they can't do everything. For this reason, new franchisees will need to be prepared to negotiate the best deal on their lease agreement for their franchise opportunity.N ... Wed, 24 Feb 2016 15:43:52 EST The pros and cons of implementing franchise trends In every industry, experts and analysts make predictions as to what innovations and trends will affect business owners in the coming months, or even years. At the beginning of this year, Entrepreneur magazine forecast that financing would improve, real estate opportunities would increase and opportu ... Wed, 24 Feb 2016 15:43:31 EST IFAs new advertisements highlight economic importance of franchises As a result of the economic downturn, more light was shined on the role that small business owners, including those investing in a franchise opportunity, play in stimulating a financial recovery. Both experts and government officials have called this sector the engine of the U.S. economy, and the In ... Wed, 24 Feb 2016 15:43:07 EST Parents consider franchise ownership akin to starting a family business While many individuals have invested in franchise opportunities as a way of providing themselves with a certain level of financial security during the economic recession, another segment of businesspeople have opened franchise units to protect the future interests of their children.According to fran ... Wed, 24 Feb 2016 15:42:45 EST Franchise employees are the real experts on unit improvement While owners of a franchise opportunity may look to new technology or marketing tools to grab more customers and boost their satisfaction rates, the real miracle solution in this department is much simpler - it's the employees.A franchise's employees are the face of its operations - interacting with ... Wed, 24 Feb 2016 15:42:23 EST Opening a franchise unit remains popular into economic recovery Owning a franchise opportunity was a popular option among executives and managers who had lost their positions as a result of the economic downturn. It offered them a degree of financial security in an increasingly uncertain and fluctuating business climate.However, as the recovery begins to gain gr ... Wed, 24 Feb 2016 15:42:01 EST Franchisees must understand the prospect of failure and how to avoid it As businesspeople prepare to invest in a franchise opportunity, there are several benefits, challenges and risks they must take into account to ensure they are making the right decision for their money and experience.It's widely acknowledged that franchises offer franchisees a number of benefits, in ... Wed, 24 Feb 2016 15:41:39 EST Searching for employees is franchisees No 1 priority When a new franchisee is preparing for the opening of their unit, he or she will have a lot on his or her mind - from finding the perfect location to forming relationships with vendors and making sure a franchise opportunity has all the necessary equipment. However, there are some positions that no ... Wed, 24 Feb 2016 15:41:18 EST Turning low costs into high revenues One of the newest trends in franchising has come about as a result of the economic downturn - with lending tighter than ever, business-minded individuals interested in opening a franchise opportunity are searching for low-cost systems that have the potential to make investors big bucks.While some fr ... Wed, 24 Feb 2016 15:40:58 EST Weighing outside of the box financing options While the current financing climate may be less than ideal for those seeking capital and loans for their businesses, including businesspeople investing in franchise opportunities, driven individuals still have options for funding their expansion plans.Recently, the International Franchise Associatio ... Wed, 24 Feb 2016 15:40:36 EST IFA continues to lobby Congress for small business help Small business lending has been one of the most common topics in financial news for the past year or so, affecting both independent owners and franchise opportunity investors. However, even as the economy has begun to recover, the issue has not disappeared.In a recent article for, In ... Wed, 24 Feb 2016 15:40:13 EST Service recovery can make or break a franchise No one's perfect, as the saying goes. However, that doesn't mean customers don't expect franchises and service providers to meet their every expectations. From customer service to product performance, owners of a franchise opportunity must meet consumer demands to achieve success.Despite high expect ... Wed, 24 Feb 2016 15:39:51 EST Five tricks to easing sales anxiety The success of a franchise opportunity relies on a number of factors: quality customer service, an in-demand product or service and employees who share a franchisee's passion for business.However, just because employees believe wholeheartedly in a product, service or system, it doesn't mean they exc ... Wed, 24 Feb 2016 15:39:30 EST Business owners plan to increase IT infrastructure and investment over the next year Part of owning a franchise opportunity requires the ability to work within a budget, identifying where spending needs to be reined in or boosted. While franchisors train unit owners and offer ongoing financial support, it's often up to the franchisee to stay on top of trends to determine the ultimat ... Wed, 24 Feb 2016 15:39:08 EST Business owners turn to new methods as finding talent becomes difficult When individuals are preparing to invest in a franchise opportunity, they'll be tasked with a number of jobs, from financing the business to acquiring the necessary equipment and launching a community awareness campaign. However, no task may be so difficult or important as finding the right workers ... Wed, 24 Feb 2016 15:38:48 EST Franchises offer support and independence for business minded individuals It's not uncommon for individuals to find themselves stuck in a rut at work, unhappy with their jobs and yearning for the freedom to be their own boss. For this reason, many employees have quit their jobs to find greener pastures owning and running a franchise opportunity.The going is not always goi ... Wed, 24 Feb 2016 15:38:26 EST Mobile businesses benefit from easy communication and helpful apps In recent years, innovation has sped up, changing the way small business owners, such as franchisees, deal with day-to-day tasks and reach consumers. While the rise of mobile devices, including smartphones and tablet computers, has proved useful for on-the-go franchisees, the app market it spawned i ... Wed, 24 Feb 2016 15:38:05 EST The state cover page of the franchise disclosure document The franchise disclosure document, a required form for a franchisor to present to a franchisee, differs from state to state.When an entrepreneur expresses interest in a franchise opportunity, the franchise company must present the disclosure document. No matter the state laws involved or the nature ... Wed, 24 Feb 2016 15:37:43 EST Choosing a franchise opportunity When investing in a franchise, several factors must be considered. One of the most important steps to take, and on the forefront of an entrepreneur's mind, is the profitability of a potential franchise opportunity.The U.S. Federal Trade Commission mandates that franchisors must provide detailed inco ... Wed, 24 Feb 2016 15:37:21 EST Evaluating franchise training and assistance programs A major benefit to choosing a franchise opportunity over an independent small business startup is training assistance. Inexperienced entrepreneurs or those entering a new industry will find the training programs and initial operational assistance offered by many franchisors will help set the busines ... Wed, 24 Feb 2016 15:36:58 EST The advantages of the recession for franchisees The collapsed housing market that helped spur today's ongoing recession may prove to be a boon for franchise industries. The plethora of empty storefronts and commercial spaces have left a void in the industry and a glut of leasing opportunities for potential franchisees.Chicago consulting firm iFra ... Wed, 24 Feb 2016 15:36:35 EST Fostering employee happiness on a budget Happy employees are productive employees. Most franchisees are familiar with the mantra, but employee satisfaction comes down to the bottom line: what a company can afford to give in extra benefits, salaries and perks.Retaining and maintaining happy employees doesn't always require spending money, a ... Wed, 24 Feb 2016 15:36:13 EST Investing in an affordable franchise opportunity While a franchise opportunity may seem financially out of reach for many entrepreneurs, inexpensive and assisted opportunities are available.The cost of purchasing and financing a franchise can be as low as a few thousand dollars or upwards of a million. Large, nationally known brands of restaurants ... Wed, 24 Feb 2016 15:35:51 EST The franchise interview process Before signing documents on a franchise opportunity, entrepreneurs should be prepared to be interviewed and conduct their own investigations into the company and its subsidiaries. Armed with as much knowledge as possible, entering the franchise business can be a lucrative and secure means of startin ... Wed, 24 Feb 2016 15:35:31 EST The first steps for franchising your business may be the most important When companies reach a certain level of success, expansion is on the mind of every manager. Franchising is one of the most effective ways to do this, but it can be a complicated process that requires consultation with experts to draft legal documents and for help in the exploration of the legal issu ... Wed, 24 Feb 2016 15:35:11 EST Choosing the right franchisees to represent a brand Small business owners who want to expand the scope and range of their companies often turn to franchising as a way to safely increase sales without needing to micromanage every single element of each store. Franchising is a great method for making a business grow, but it requires a lot of planning, ... Wed, 24 Feb 2016 15:34:48 EST The variables of choosing the right franchise opportunity A franchise is an interesting option for potential small business owners because it allows them to pick from a number of ready-made business models. Many small businesses fail not because entrepreneurs don't have the skills and talents that can help a new company succeed, but because they may have w ... Wed, 24 Feb 2016 15:34:25 EST A franchise can be a fulfilling life long effort Running a business is very satisfying work because of where the buck stops - with the owner. Even though it can be very difficult and sometimes scary, small business owners are usually unwilling to give up precisely because they love not having to answer to anyone above them. Returning to the role o ... Wed, 24 Feb 2016 15:34:04 EST Picking the right franchise opportunity requires plenty of diligent research A franchise opportunity can mean the difference between an entrepreneur realizing her dream of becoming a small business owner or remaining an employee for life. Working for oneself is an extremely liberating feeling, so picking the right company to invest one's money and life in requires quite a bi ... Wed, 24 Feb 2016 15:33:42 EST Trade shows are the perfect place to expand franchise opportunities Though it may be a very popular business model, a franchise doesn't necessarily follow an intuitive structure. Small business owners looking to expand their operations can easily become confused about the path they should take toward becoming a franchisor, and aspiring company managers might not und ... Wed, 24 Feb 2016 15:33:19 EST Choose a franchisee style before investing in a small business Running a franchise will always follow some of the same basic principles, no matter where it is located, which franchisor granted it or who is running it. There are protocols that come down from the franchisor that must be followed, as the brand name and image of a franchise will be in place before ... Wed, 24 Feb 2016 15:32:57 EST Investing in a new franchise can be risky but rewarding One of the most appealing aspects of investing in a franchise is the fact that much of the marketing groundwork has already been laid. Franchisees often invest in franchises because they won't be responsible for establishing a brand or advertising to attract new customers. This is certainly one of t ... Wed, 24 Feb 2016 15:32:35 EST Minimizing the effect of competition from fellow franchisees When purchasing a franchise, many entrepreneurs-to-be are excited by the fact that they have an excellent weapon in the fight against competitors. When the resources of an entire franchise are arrayed against other companies, small business owners can be confident that their stores and offices can s ... Wed, 24 Feb 2016 15:32:10 EST Creating a business plan before purchasing a franchise Even though many responsibilities are required of an entrepreneur when they purchase a franchise, there are still some important small business tasks that must be carried out. Unlike designing a store, marketing it aggressively and creating an image for it, drafting a business plan is an important s ... Wed, 24 Feb 2016 15:31:47 EST First person investigation of a franchise opportunity There are quite a few ways to investigate a franchise before investing in it. The reputation of a company is easy to glean from customer reviews online, as well as by speaking with frequent customers. Of course, franchisors will always provide plenty of literature about the ins and outs of running o ... Wed, 24 Feb 2016 15:31:24 EST Setting a franchise apart from the local competition Many franchise agreements will explicitly spell out the franchisee's responsibilities once he's prepared his store or office to open. A major draw for these entrepreneurs-to-be is that they won't have to engage in any marketing or branding efforts whatsoever. For some people, the skills associated w ... Wed, 24 Feb 2016 15:31:01 EST Consider these factors before opening a franchise Opening a franchise can seem like the best of both worlds to an individual who wants to own a business. They get to be their own boss, while simultaneously having the support and benefit of a recognized brand and reputation. However, consumers who are thinking of opening a franchise should follow th ... Wed, 24 Feb 2016 15:30:37 EST Which type of franchise is the right choice for you There are several steps that go into purchasing a franchise, and one of the first considerations individuals should weigh is which type of franchise is right for them. The type of franchise a buyer chooses will impact their day-to-day operations and responsibilities.There are two primary types of fr ... Wed, 24 Feb 2016 15:30:16 EST Know who to speak with before buying a franchise There are several things that buyers have to consider before making the decision to purchase a franchise. Not only will individuals need to research which type of organization they want to buy, but also the legal and tax implications of their decision. So during the beginning phase of shopping for a ... Wed, 24 Feb 2016 15:29:56 EST Alternative financing options for franchise buyers Taking advantage of a franchise opportunity can be a great way for individuals to own and manage their own business without building a company and its product base from the ground up. However, the costs of purchasing a franchise can be significant, and many individuals may not be able to cover all t ... Wed, 24 Feb 2016 15:29:33 EST Factors to consider when choosing a franchise Owning and operating a franchise is a large responsibility, but it can be less demanding for individuals if they choose the right one for their skill set and goals. There are several different franchises that frequently offer individuals the small business opportunity of managing a company. However, ... Wed, 24 Feb 2016 15:29:10 EST Funding options for a franchise purchase Purchasing a franchise is an expensive endeavor, and there are several options potential buyers can take advantage of when it comes to securing funding for a small business opportunity. However, each option comes with benefits and drawbacks, so there are several aspects to consider before requesting ... Wed, 24 Feb 2016 15:28:47 EST Examine a franchises background before making the investment Amid all of the considerations franchise buyers examine before making their investment decision, a company's background should be the first. A franchise's history can tell a lot about the financial health of the company, its future success and its operating procedures. Being aware of this informatio ... Wed, 24 Feb 2016 15:28:24 EST Assess your franchise after purchase Once the paperwork has been completed and individuals officially own a franchise, it's important to make an assessment of their new investment. A lot of work goes into operating a successful franchise, and having a sufficient idea of where a business stands from the onset can help business owners ta ... Wed, 24 Feb 2016 15:28:03 EST Running a franchise from home Being a business owner affords many individuals more flexibility over their schedules and business operations. One of the possible benefits of a franchise opportunity is the chance for owners to work from the comfort of their homes. There are several work-from-home franchises, but new owners should ... Wed, 24 Feb 2016 15:27:40 EST Implement strategies to make your franchise successful Taking advantage of a franchise opportunity is one thing, but making it a successful company is another. Good business owners are said to put certain strategies in place that add to the success of their companies, and knowing what they are can help new franchise owners build a reputable and profitab ... Wed, 24 Feb 2016 15:27:17 EST Steps to take before franchising your company Business owners may be playing with the idea of franchising their company to others. Franchising can be a smart business move, but it's also not one that is to be taken lightly. There is a great deal of information owners will need to absorb before making the decision to become a franchisor, and fol ... Wed, 24 Feb 2016 15:26:54 EST Details of a franchise contract A franchise agreement lays out every detail of how a new franchise owner's business should operate. The document can be a lot to read through, but it's important that new owners go through the contract with a fine-toothed comb to make sure they understand every facet of their new franchise opportuni ... Wed, 24 Feb 2016 15:26:31 EST The benefits of buying a franchise Opening your own company can be one of the most critical decisions you will ever make. If you’re considering the idea, you may want to determine if opening a franchise is the right decision for you. The business opportunity of opening a franchise is great if done right. There are 75 franchise indust ... Wed, 24 Feb 2016 15:26:10 EST What should you consider before buying a franchise Once you’ve decided to open a franchise, it is time to set up a game plan to get the entire operation up and ready to go. There are 75 different franchise groupings available, and each contains hundreds of business opportunities. Since these choices represent a major investment, due diligence is req ... Wed, 24 Feb 2016 15:25:49 EST What is included in a franchise disclosure document Before you sign a contract, a franchisor must send you a franchise disclosure document. Legally required and regulated by the Federal Trade Commission (FTC), the document contains pertinent information on the stability of the business venture, your financial responsibilities and the obligations of b ... Wed, 24 Feb 2016 15:25:27 EST Franchises A good investment during a recession Following the housing bust of 2006, the United States economy hit a slump, experiencing decreasing home sales and an increase in unemployment. However, despite these setbacks, many Americans realized the powers and benefits of purchasing a franchise. According to U.S. Franchise News, franchising of ... Wed, 24 Feb 2016 15:25:05 EST Commonly asked questions about franchising Entering into a new business opportunity takes strength, perseverance and knowledge. Franchises often do not require investors to have previous experience in the industry. However, it helps to have a firm grasp on smart business practices and knowledge about the brand’s goals, processes and the cont ... Wed, 24 Feb 2016 15:24:42 EST How to buy a franchise Turning a franchise opportunity into a viable business transaction can sometimes be a difficult process. After all, you'll need to evaluate every aspect of the deal, from personal financing to long-term profitability. If you are considering a new business opportunity, purchasing a franchise might be ... Wed, 24 Feb 2016 15:24:18 EST How to make a large profit from a franchise Entrepreneurs frequently decide to capitalize on a franchise opportunity for the possibility of making a lot of money. If managed properly, a small business opportunity can result in a large amount of additional funds, some of which can be pumped back into operations for an even larger profit. Howev ... Wed, 24 Feb 2016 15:23:54 EST Finding the right employees to man your franchise A franchise opportunity can be hard to come by, and once you have finally filled out the necessary forms and background checks, you might be exhausted. However, your work does not stop once you have secured franchising rights - as the owner/manager, you still must find quality employees to man the r ... Wed, 24 Feb 2016 15:23:31 EST Best practices when opening a franchise A small business opportunity comes with a lot of questions that need to be answered in order to ensure a successful franchise. How do I market my brand to a large target audience? Where is the best location to set up shop? Do I have the necessary capital to survive the startup period?It can be confu ... Wed, 24 Feb 2016 15:23:08 EST 3 communication considerations before investing in a franchise Before investing in a franchise opportunity, you may want to consider how well a brand’s representative interacts with you. An arrangement’s success is often dependent on the two parties' ability to grasp concepts and discuss plans of action. A representative is a core person in the development of a ... Wed, 24 Feb 2016 15:22:45 EST Beat the recession by investing in a franchise opportunity The United States economy is slowly fighting back against the recession, but some people believe that the worst is yet to come. While there is no definitive answer or quick-and-easy solution to the nation's financial woes, the market is still ripe for entrepreneurs who want to embark on a franchise ... Wed, 24 Feb 2016 15:22:22 EST Take your career to the next level and become a master franchisee Capitalizing on a franchise opportunity is exciting enough, but once you have established your company and settled into a daily routine, you might find yourself craving the excitement of additional responsibility. Many people think that franchising ends once a business opens, but this opinion cannot ... Wed, 24 Feb 2016 15:21:59 EST Six tips for entrepreneurs and franchise owners Taking advantage of a franchise opportunity can be challenging at best, and sometimes entrepreneurs do not have a checklist in place when they make an initial purchase. If you want to run a small business opportunity, you've got to keep some important tips in mind. Take a look at the following sugge ... Wed, 24 Feb 2016 15:21:36 EST Franchise expert offers advice for franchisees A franchise opportunity is what you make of it - those who put in the work necessary to be successful will often be rewarded, while others who ignore the potential their business endeavors provide risk short- and long-term issues.John Rotche, a veteran franchise executive who has worked with several ... Wed, 24 Feb 2016 15:21:14 EST Does being a franchisee allow you to be your own boss For many people, the American dream involves running your own business, setting your own hours and enjoying successful operations. Having the ability to start a business is a privilege - not a right - and should be treated as such. Failing to recognize the opportunities available is a pitfall for ma ... Wed, 24 Feb 2016 15:20:51 EST The goals of a successful franchisee A franchisee will establish goals, but could struggle to meet these milestones if he or she fails to evaluate the opportunity that is available.Some people view franchises as a chance to grab the bull by the horns and run their own businesses. However, a franchise has guidelines and regulations that ... Wed, 24 Feb 2016 15:20:30 EST Tips for reducing risk when running a franchise A franchisee has no guarantees that his or her business will be successful. However, there are several ways a professional can increase the likelihood that his or her company will thrive in even the most challenging economic climate.Small Business Trends recently outlined a few of the best ways for ... Wed, 24 Feb 2016 15:20:08 EST Tips for telling local media about a franchises story The local media can make or break a franchise, as news outlets can reach a wide audience. Franchisees can provide media with press releases, but newspapers and online news sites might only incorporate this information into their stories if it meets the needs of their readers.When a franchisee develo ... Wed, 24 Feb 2016 15:19:45 EST Tips for building relationships as a franchisee A franchisee is rarely successful if he or she acts as a sole proprietor. Instead, a small business owner should collaborate with team members to successfully promote his or her franchise.Greg Nathan, an expert on franchise relationships, notes that small business operators who can actively engage t ... Wed, 24 Feb 2016 15:19:23 EST Franchise innovators offer advice to business operators Becoming an innovator rarely happens overnight - many people dedicate significant amounts of time and resources to become creative leaders.SmartCompany points out that a few pioneers have paved the way for future entrepreneurs to follow in their footsteps. These successful franchisees recently offer ... Wed, 24 Feb 2016 15:19:01 EST Tips to manage franchise credit risks Staying in the black is essential for successful franchisees. Business owners face financial pressures, but these leaders can avoid figures dipping into the red by effectively managing their credit risks. The Franchise Magazine outlines a few tips for franchisees to eliminate credit risks and contro ... Wed, 24 Feb 2016 15:18:38 EST Tips to expand a franchises ceiling A franchise provides business owners with a unique opportunity to build a company within established parameters. Franchisees can control operations by following guidelines provided by a franchisor, but there are no limits to how well a business can perform, especially for ambitious company owners. S ... Wed, 24 Feb 2016 15:18:15 EST Set business goals for 2013 The new year is here, and many business operators are preparing to expand their operations. In fact, some company leaders establish resolutions to stay on track with long-term goals - a valuable practice for franchisees to follow. Consider the following tips to potentially improve your business' pro ... Wed, 24 Feb 2016 15:17:52 EST Manage a successful franchise in difficult economic times The economy constantly fluctuates, which can affect even well-prepared business operators. Franchisees will encounter many challenges when they run their businesses, but company leaders who understand how to effectively manage their operations can overcome these difficulties. Economic Modeling Speci ... Wed, 24 Feb 2016 15:17:29 EST Promote your business with online tools The internet is a valuable resource for franchisees, as there are many tools that company leaders can use to promote their brands. Understanding the digital world is essential for business operators to spread the word about their firms.  While franchisees may share information about their businesse ... Wed, 24 Feb 2016 15:17:07 EST Get immediate results with Facebook marketing Business operators face strict budgets, tight deadlines and other everyday challenges. The difficulties can be overwhelming, especially for first-time business owners, but company leaders must find ways to overcome these problems to succeed.  Social networks provide significant benefits to firms. Fa ... Wed, 24 Feb 2016 15:16:44 EST Conduct comprehensive market research Market research enables business leaders to fully understand the latest industry trends. Shoppers may consider a vast array of products and services, and firms that complete comprehensive evaluations can offer reliable support to clients.  Small business operators could have limited resources availa ... Wed, 24 Feb 2016 15:16:20 EST Three essential tips for business operators A franchise opportunity is worthwhile for entrepreneurs, but maximizing revenues for your business can be difficult from the get-go. Life as a business owner is filled with daily challenges, and company leaders must find ways to quickly overcome these hurdles in order to succeed.  Every company is d ... Wed, 24 Feb 2016 15:15:57 EST Entrepreneurs advice can help your business Developing a successful business takes time and resources, and company leaders who focus on minor details can bolster their operations quickly. In fact, entrepreneurs who have experienced long-term success could help franchisees enhance their firms.  Check out the following tips from successful entr ... Wed, 24 Feb 2016 15:15:34 EST Use visuals to bolster your business online marketing campaigns Providing potential clients with information about your company can help these people learn about your firm's products and services. Visuals also serve businesses' needs, as effective marketing campaigns that include pictures and videos could help your company extend its reach.  Forbes magazine offe ... Wed, 24 Feb 2016 15:15:11 EST Managing online marketing strategies on a budget Franchisees want instant rewards, but achieving business goals requires effective outreach to customers. Unfortunately, investing in marketing campaigns can be expensive, but company officials can explore various cost-effective solutions to extend their reach. Online marketing tools are ideal for bu ... Wed, 24 Feb 2016 15:14:47 EST Enjoy high response marketing for your business In today's economic climate, business operators must manage their time and resources efficiently to distinguish themselves from the competition. Devoting attention to marketing campaigns is crucial, but company officials should recognize the immediate and long-term ramifications of their interaction ... Wed, 24 Feb 2016 15:14:25 EST Revamp content marketing strategies for better results As a result of the proliferation of online marketing, small business and franchise owners have a leg up on their predecessors who were forced to rely on word-of-mouth buzz and ads in local papers. Providing outstanding service experiences that customers will want to share is still elemental to succe ... Wed, 24 Feb 2016 15:14:02 EST 3 benefits of joining a franchise Joining a franchise is a great small business opportunity that every prospective owner should consider. Opening and operating an establishment is a difficult process that many entrepreneurs struggle to complete, especially during the initial stages. An independent company doesn't receive a great dea ... Wed, 24 Feb 2016 15:13:41 EST SEO tips for marketing your franchise Marketing is a priority for many entrepreneurs after they start a business. After all, success isn't possible without reaching new consumers and generating leads. Search engine optimization is an emerging marketing trend that can help franchisees build brand awareness. Simply, SEO is the practice of ... Wed, 24 Feb 2016 15:13:19 EST How to market a franchise with viral tweets After you start a business, creating a social media marketing presence should be one of your top priorities. Websites like Pinterest and Facebook are great channels for reaching out to consumers and generating high-quality leads. Twitter may actually be the best social network for marketing because ... Wed, 24 Feb 2016 15:12:57 EST Battle tested entrepreneur offers business advice to franchisees A successful business operator may struggle initially, especially if he or she lacks the know-how to manage a firm's daily operations. Thankfully, there are several ways that company leaders can gain control over their businesses, thanks in part to past entrepreneurs.  For example, Amazon founder Je ... Wed, 24 Feb 2016 15:12:35 EST Find top talent on a budget As a franchisee, you've already invested significant resources into your business. However, you still face the challenge of finding skilled professionals who will promote your company's brand and mission to clients every day.  Your business' work team is a vital component in your company's success. ... Wed, 24 Feb 2016 15:12:13 EST Stay focused on your business goals A company that features a dedicated staff and strong leadership can accomplish its goals. In fact, your business can enjoy significant profits by devoting plenty of time and resources to its everyday processes, ensuring that your firm can handle any problems it could encounter along the way.  Entrep ... Wed, 24 Feb 2016 15:11:51 EST Make the right business decisions Your company frequently explores new ways to promote its brand to clients. In fact, your business is unafraid to take risks occasionally, which has allowed it to move ahead of many of its rivals in a highly competitive marketplace. Franchisees who consistently make the right business decisions give ... Wed, 24 Feb 2016 15:11:28 EST Web content marketing tips for your company As a franchisee, your business uses digital tools regularly to help it extend its reach. However, it sometimes can be difficult to get immediate results by using online solutions, especially for first-time company leaders. Business officials should consider the long-term ramifications of their conte ... Wed, 24 Feb 2016 15:11:05 EST Keep your employees up to date As a franchisee, you frequently reach out to your employees for feedback. These staff members are valuable contributors, and as a result, you rely on them to help your firm improve its everyday operations.  Meanwhile, these professionals might seek your recommendations and suggestions as well. A com ... Wed, 24 Feb 2016 15:10:42 EST Do your due diligence before investing in a franchise Franchises can represent a good small business opportunity, as they are often considered to be a safe to become avenue for becoming a business owner. There are several steps prospective owners can take to better understand the benefits of purchasing a franchise before taking the final leap. By evalu ... Wed, 24 Feb 2016 15:10:20 EST Determining which franchise business is the right option for you When individuals decide to take advantage of a franchise opportunity, there are several prospects from which to choose, giving entrepreneurs a great deal of flexibility. However, the broad number of options can also make it more challenging to nail down the right business type and sector that best f ... Wed, 24 Feb 2016 15:09:57 EST Running a successful franchise in a competitive economy Last year marked the first positive growth in franchise businesses since 2008, and 2013 is expected to be an even more active year for existing owners and entrepreneurs. Entrepreneur magazine reported the results of IFA's annual Franchise Business Economic Outlook report, which was compiled by IHS G ... Wed, 24 Feb 2016 15:09:34 EST Hiring the right people for your franchise A company's workforce directly influences its reputation, customer acquisition and retention rate and overall level of success. So when you're taking advantage of a franchise opportunity, it's natural to place a great deal of attention on hiring the right people. A good employee can put customers at ... Wed, 24 Feb 2016 15:09:11 EST Year end tax considerations every franchise owner should keep in mind The end of the year is always a busy time for most franchise owners, as they are often managing the holiday rush while also trying to prepare their year-end tax and financial statements for the upcoming tax season. With only a few days left until 2014 begins, franchise owners may be wondering if the ... Wed, 24 Feb 2016 15:08:49 EST Top considerations before becoming a franchise owner Taking advantage of a franchise opportunity is a great way to become a business owner and enter an industry in which you are interested. However, any business endeavor is a risk, and ensuring that you are taking a calculated risk is important to the future success of your company.  In order to make ... Wed, 24 Feb 2016 15:08:27 EST So You Want to Buy a Franchise You’re ready to be the boss and you’re confident in your ability to manage your own business. Yet, how sure are you about your ability to afford a business? First thing’s first, find out how much capital you’ll need to turn your franchise dream into a reality. Look closely at Items 5 – 7 in your Fra ... Wed, 24 Feb 2016 15:08:05 EST From New Graduate to Franchise Owner After putting in years of hard work and spending countless hours cramming for exams, you’ve finally graduated! But now what? You worked so hard for that degree, and once you’re finished, you still may be stumped on which career path to follow. Ever considered becoming a franchisee? If you have that ... Wed, 24 Feb 2016 15:07:43 EST Multi-Unit Franchising: 6 Reasons to Make the Move Owning a franchise is no small feat. Once you’ve conquered one location, you may be content, but expansion does have its benefits. Consider these six reasons to go from a single-unit dreamer to a multi-unit achiever. Increase Your ProfitabilityYou started this venture to make money. With a franchiso ... Wed, 24 Feb 2016 15:07:20 EST What Type of Business Matches Your Personality? Congratulations! You’ve decided to start your own business. Now you’re asking yourself – What industry should I enter? How much will it cost? How much money can I make? Before pondering those questions, ask yourself: Should I consider starting my own business or buying a franchise?  Take our quiz t ... Wed, 24 Feb 2016 15:06:58 EST The Ultimate Franchise Checklist Evaluating a franchise opportunity can make your head spin. How will you know if it’s the right business for you? How do you know if you’ll be successful? The truth is – you can’t guarantee success. But you can cover your bases to improve your likelihood for success. The more you know about your fra ... Wed, 24 Feb 2016 15:06:37 EST 3 TED Talks Under 10 Minutes Every Franchisee Should Watch If you’re looking for some fresh perspective, TED Talks can be just the inspiration to launch your next business ideas. As franchise owners, we are constantly looking for refreshing outlooks on life and business. We’ve found three TED Talks under 10 minutes to help you kick start your day. So grab a ... Wed, 24 Feb 2016 15:06:16 EST 4 Shows Every Entrepreneur Should Binge Watch This Summer Binge watch·ing: verb- watching multiple episodes of a television series in rapid succession, typically by means of DVDs or digital streaming. Looking for a new addiction this summer? Make it worthwhile by learning a business lesson or two. These hit series will get those entrepreneurial juices flo ... Wed, 24 Feb 2016 15:05:55 EST 5 Secrets to Picking the Right Franchise Location When starting a small business, location is key. In franchising, it’s important to work closely with your franchisor to choose a prime location that you can afford. Where you decide to set up shop could make or break your business. Whether you’re opening your first location or your sixth, follow the ... Wed, 24 Feb 2016 15:05:34 EST 4 Things You Could Be Doing To Keep Employees Happy When you find good employees, you want to keep them. Employee retention can be a challenge in a competitive industry, but if you make the workplace inviting, you have a better chance of keeping the people who make your business buzz. Recognize Employees for Their Work Nothing motivates employees mor ... Wed, 24 Feb 2016 15:05:11 EST 6 Simple Ways to Create an Unforgettable Customer Experience Do you think $41 billion is a lot of money? According to research by Smart Customer Service, that’s how much U.S. brands lose each year due to poor customer service. Providing excellent customer service is a business opportunity that should not be overlooked. Building customer loyalty doesn’t have t ... Wed, 24 Feb 2016 15:04:48 EST 3 Films Every Entrepreneur Should Watch With the smell of popcorn in the air and the big screen in front of us, summertime is synonymous with movie time. Studies show that 62 percent of American adults go to the movie theaters each year and more than 90 percent have cable in their home.  But, as an entrepreneur, do you really have time fo ... Wed, 24 Feb 2016 15:04:25 EST Are You Ready For Some Football? Don’t play fast & loose when claiming entertainment deductions Football season is right around the corner, and millions of fans (fanatics in many cases) can hardly wait to attend NFL games to root for one of 32 teams - Go Eagles!  But the cost to attend an NFL game can be steep.  For example, a ... Wed, 24 Feb 2016 15:04:01 EST 4 Things You Must Do to Survive Your First Year as a Franchise Owner Your first year as a franchisee can be one of the most exciting, and also one of the most challenging. Whether you’ve managed a business before or this is your first time in the owner’s seat, you’re sure to face learning curves. To help you survive year one, we’ve put together a list of tips.   Expe ... Wed, 24 Feb 2016 15:03:39 EST Why All Leaders Should Be Readers Can you remember the last book you read? Not a magazine article, blog, or social media post- an actual book, cover to cover. According to the Pew Research Center, the number of non-readers has almost tripled since 1978. We’re here to show you that books are still a good investment that deserve your ... Wed, 24 Feb 2016 15:03:16 EST Lessons from an 18-Year-Old Franchisee Age is but a number. Just ask Jesus Rivas. He became a franchisee at 18. Now, two years later, he owns two franchise locations and has his sights set on the future. We spoke with Jesus recently and he shared his advice for aspiring young franchise business owners.   Q. What made you decide to own a ... Wed, 24 Feb 2016 15:02:54 EST What Type of Boss Will You Be? Think back on each boss you’ve ever worked for. They all had their own leadership styles, some better than others. What were the qualities of your favorite bosses? One day, you’re going to be the boss and run your own business. Take our quiz to find out the leadership qualities you possess and what ... Wed, 24 Feb 2016 15:02:31 EST Business Book of the Month by John C. Maxwell Business Book of the Month – “How Successful People Win: Turn Every Setback into a Step Forward” by John C. Maxwell John C. Maxwell, the #1 leadership and management expert in the world, according to Inc. magazine, delivers his latest inspirational read with How Successful People Win: Turn Every Set ... Wed, 24 Feb 2016 15:02:09 EST Marketing Matters: How to Establish Your Community Presence Effective marketing is a necessity for many small business owners. Whether you’re starting a new business or adding a store, establishing your brand in the community is essential. People need to know that you #1: exist, and #2: have products and services that they need. Be visible Location and visib ... Wed, 24 Feb 2016 15:01:48 EST Small Business Owner’s Guide to ACA If you’re a small business owner, you may be concerned about how the Affordable Care Act (ACA) may impact your business and your wallet. While the ACA seeks to change the health care landscape, the law actually helps small businesses more than hurts them. So what exactly constitutes a small business ... Wed, 24 Feb 2016 15:01:26 EST 5 Things to Consider Before Choosing a Franchise  Finding a franchise business opportunity that best suits you can be a challenge. Before you sign the dotted line, answer the following questions to help you understand your options and find your franchise fit.   1. Are you ready?  Seriously, are you ready to own and operate a business and be respon ... Wed, 24 Feb 2016 15:01:05 EST Hocus Pocus 5 Office Activities for Halloween-Focus Halloween is approaching and with all of the excitement surrounding this day, you may see a little less work and a bit more play. Don’t whip out those fangs just yet; allowing some fun on this day won’t hurt. In fact, Halloween can provide several benefits around the office like team building, boost ... Wed, 24 Feb 2016 15:00:44 EST Business Book of the Month by Edward M. Hallowell Business Book of the Month - "Driven to Distraction: How to Focus and Be More Productive" by Edward M. Hallowell Are you losing focus at your business? Do you feel overwhelmed by everything that needs to get done and find it hard to concentrate? Don’t worry, you’re not alone. Luckily, bestselling au ... Wed, 24 Feb 2016 15:00:21 EST Whats Your Business Superpower To survive in the business world, it is critical to play to your strengths. Knowing, understanding, and most importantly applying your strengths can provide a major competitive advantage. Call this strength your “superpower,” and use it as such. This “superpower” is an asset that will help you make ... Wed, 24 Feb 2016 15:00:00 EST 4 Simple Steps for Setting Your 2016 Business Goals 2016 is almost here! Where has the time gone? Hopefully you’re already starting to think about next year’s goals for your business. If you haven’t yet, don’t worry - you’re not too late. We’ve put together four smart, simple steps to follow as you set your business goals for 2016.   1. Write them do ... Wed, 24 Feb 2016 14:59:39 EST 10 Small Business Tax Deductions Small Business Saturday is November 28th! If you’re unfamiliar with SBS, it’s an appreciation day to highlight small business success and encourage customers to shop local. In honor of this day, we’ve put together a list of ten tax deductions that small businesses should consider for tax time.   1. ... Wed, 24 Feb 2016 14:59:17 EST 9 Reasons to Consider a Franchise Opportunity There’s a popular saying: A franchise is ideal for those who want to go into business for themselves, but not by themselves. If you have an entrepreneurial spirit, but don’t want to start completely from scratch, a franchise could be the small business opportunity you’re looking for. Check out these ... Wed, 24 Feb 2016 14:58:55 EST Startup or Franchise If you’re asking yourself this question, then you’ve made the decision to become a business owner. Now you need to decide which type of business you’d like to own. This isn’t an “eenie, meenie, miney, mo” situation, so be sure to consider all of the facts below.   Initial Investment Starting your ow ... Wed, 24 Feb 2016 14:58:33 EST Which Shark Tank Entrepreneur Are You Calling all Shark Tank fans! Ever wonder which shark investor you resemble most? Now you have the chance to find out. Each shark has his or her own unique business style that has proven successful. The sharks are experts at spotting good investments. We could all learn a thing or two from these busi ... Wed, 24 Feb 2016 14:58:12 EST 6 Tips for Removing the Dread From Your Next Meeting Whether you’re a veteran meeting leader or a rookie who’s new to the floor, there’s always something to learn about executing productive meetings. Did you know that small businesses in the U.S. waste up to $37 billion annually in costs related to unnecessary meetings? Think about it - if you plan a ... Wed, 24 Feb 2016 14:57:51 EST New Years Resolutions to Inspire Your Entrepreneurial Spirit The New Year doesn’t just mean new beginnings. It also means refocusing your goals with efforts to take your business or career to the next level. If you’re starting a small business or looking to move into senior leadership with your current job, the beginning of the year is critical for success. H ... Wed, 24 Feb 2016 14:57:30 EST Marketing Matters: How to Establish Your Online Presence Establishing a solid online presence is critical. It’s a virtual version of your business, therefore you should have an informative and welcoming website, as well as active social media accounts. Being seen as a credible source online allows you to reach a wider audience, gives customers knowledge o ... Wed, 24 Feb 2016 14:57:09 EST Which Famous CEO Are You? From Steve Jobs to Warren Buffett, there are several famous CEOs who have forever changed the world of business. These legendary leaders all practice different management styles, some strict and others laissez-faire, but they all have one thing in common: success. Everyone on the ladder, from execut ... Wed, 24 Feb 2016 14:56:48 EST Keeping Customer Info Safe in the New Year When starting a business, so much focus is placed on using proper marketing to attract customers, and then ensuring those customers remain happy. Once you gain their trust, it is essential that you protect their personally identifiable information (PII). According to a 2015 study by IBM, the average ... Wed, 24 Feb 2016 14:56:27 EST Top 5 Business Gadgets From CES 2016 The Consumer Electronics Show (CES) was held January 6 - January 9, 2016 in Las Vegas, NV. CES is the annual gathering of the latest and greatest in technology and gadgets, showcasing innovative items that are perfect for business users and kids at heart. Check out these top business gadgets that ev ... Wed, 24 Feb 2016 14:55:58 EST 10 Songs to Get You Through the Work Day Music is a powerful thing. It can make us happy when we’re sad, feel energized, and help us focus and concentrate at work. In fact, studies have found that listening to music at work has a positive effect on performance. Whether you’re preparing for a meeting or hitting your afternoon slump, we’ve g ... Wed, 24 Feb 2016 14:55:38 EST Travel Tax Deductions Every Business Owner Should Know Are you self-employed or a business owner and travel for work often? We know that being away from home on business has its ups and downs. We’re here to make filing your taxes one of the ups, by providing you with the business travel expenses you can and can’t deduct when filing taxes this year.   Ex ... Wed, 24 Feb 2016 14:55:08 EST