In the first part of this story , I showed you how one particular business coaching franchisor went about finding new franchisees. I ended it by telling you that I have known about low-cost opportunities like business coaching for a
long time. And that I really know about them. It's time to share what I do in fact, know...
When I first started in franchise consulting-brokering, a local woman contacted me, and invited me to lunch. She was the Northeast Ohio Master Franchise owner of... Read Full Story
In the first part of this story , I showed you how one particular business coaching franchisor went about finding new franchisees. I ended it by telling you that I have known about low-cost opportunities like business coaching for a
long time. And that I really know about them. It's time to share what I do in fact, know...
When I first started in franchise consulting-brokering, a local woman contacted me, and invited me to lunch. She was the Northeast Ohio Master Franchise owner of... Read Full Story
In the Franchise Industry the most common questions we get asked by people looking for a franchise opportunity are covered in this list.
Question: What is franchising?
Answer: Franchising is where you buy the rights to a business concept, trademarks & know how. In return you pay a franchise fee and a percentage of your profits.
Question: What is a franchise?
Answer: A franchise is, in its simplest terms, an agreement between the franchisor and the franchisee, whereby the franchisee... Read Full Story
Let's get right to it:
"Our business model is consistently ranked as one of the
fastest growing and most successful opportunities in the world for the
following reasons: Low Cost Start Up, Recurring Royalty Revenues, Unlimited
Growth Potential, Industry Size of $128 Billion and Growing, Recession
Resistant and YOU have the... Read Full Story
I keep hearing over and over, from many different people, that no one is getting business loans. As opposed to hearsay , I felt that it was time to ask an expert- one that actually obtains funding for prospective franchise owners. I know one. Don Johnson over at Diamond Financial, has interviewed me as part of his radio program , Franchise Interviews... Read Full Story
Franchising a business is a great way to expand and get your products to the market quickly. It is possible to achieve strong growth using the franchise model.
Franchising though is not suitable for every business. Analyse your business model and ask yourself the following questions:
Can my business model be taught easily to people with no prior business experience?
How easy would it be and how much would it cost to recruit new franchisees?
What kind of person would make the ideal... Read Full Story
The idea of owning a franchise is, for some people, the ticket out of the rat race and into a world of financial independence and being their own bosses. For others, the idea of owning a franchise means risking not only a regular paycheck, but having to put up their own money and then agree to run the business according to someone else’s guidelines.
Both Sides
Somewhere in between those extremes is the reality of being a franchise owner. No one who knows the franchise business can... Read Full Story
The simplest definition for franchising is: “A method of doing business whereby a franchisor licenses trademarks, systems and methods of doing business to a franchisee in exchange for a recurring ongoing consideration i.e. a royalty fee or a franchise management fee”. Read Full Story
This is a post by guest blogger Don Sniegowski, the founding editor of the daily franchise news site BlueMauMau.
“There’s a youth movement brewing in the franchising world,” a recent story in The Wall Street Journal reports. Published in late September, the story explains that as boomers are retiring, franchise brokers and franchisors are putting increasing efforts into recruiting new college grads. But is this a real trend?
The story quotes a small number of franchisors, including WSI... Read Full Story
Because they can.
But should they? I say no. Actually, I say no way.
The Wall Street Journal just ran a story about this subject. The WSJ has some incredible writers, for sure, but I wonder if they talked to the right people on this story...
I receive a few calls a year from twenty-somethings, who seem to have the drive, but not the needed finances, to invest in and run a franchise business start-up. Drive is wonderful, and is certainly needed in order to be a small business owner... Read Full Story
