So you want to buy a franchise? Sounds like a great idea. After all, buying a proven business formula allows you to be steps ahead of the competition and learn from the success of others. It makes absolute sense on many levels, and thus explains the proliferation of franchising and its thriving success rate. Read Full Story

Have a better mousetrap and scared to death that the world actually is beating a path to your door? People walking through your operation with notepads and cameras? Trouble sleeping at night wondering who will knock off your operation first? Certain that yours is the next Ray Kroc story, if only you could get the capital? Tired of reading this magazine and thinking, “I have a better franchise concept than that company”? 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

Entrepreneurs looking for financial backing to buy a franchise can count on two things: lenders want to see strong business plans, and they expect borrowers to provide about a third of the total capital needed. Depending on the type of franchise, this could mean coming up with roughly $50,000 to $200,000 from savings, stocks, bonds, pensions, IRAs, property, and so on. Read Full Story

Quite frankly, all of these are very valid questions as the potential franchisee ponders over their decision to move from a job (most probably) to entrepreneurship. These are all very measured and fair questions. The answers that they receive to these questions help them to cement their decision at a logical level. They may help in securing funding for the project as well. Read Full Story

Summary. We need well schooled and skilled managers. But knowing how to manage is only part of the story. What you’re about to read isn’t mentioned frequently by management gurus. That’s because the management development industry is based on developing individual skills. That hides a secret you should know about. Read Full Story

What is a brand? More than a mere product, service or company, a brand exists in the mind of the consumer as an association with a particular product, service or company. These associations are based on a combination of objective and subjective factors. Objective criteria include quality, price and consumer reports, while subjective criteria tend to reflect a highly personal sense of nostalgia or aspiration on the part of the consumer. Given the surfeit of products available today in every im... Read Full Story

We start learning this from childhood where we very quickly are taught that what Mom and Dad say is usually something you can count on but what you’re told by friends, is not always something you can take to the bank. Read Full Story

The social media craze has come a long way and came onto the internet platform like a storm and has had a incredible impact on how we will be doing our online internet marketing know and in the future. There are there are a many social media sites on the internet today, and two I am sure you are familiar with are Twitter and YouTube. Read Full Story

Social Media seems to be all the rage in the world of business, franchises and restaurants. Read Full Story