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- Franchisee Success - Can Lack of Confidence Prevent It? by Lizette Pirtle
Lack of self confidence is one of the greatest barriers to learning, and thus to performance and success. New franchisees are faced with a new environment and different demands on them that force them out of their comfort zones. In this new environment lack of self confidence shows up to prevent learning and success. - Finding Recession Proof Franchise Opportunities That Work For You by Kimberly Green
Think it's not a good time to invest in a franchising opportunity? Surprisingly, this might be the best time to own your own business as long as you're smart about what you offer and creative about how you offer it. - Strong Franchise Relations - 3 Simple Ways to Create Them by Lizette Pirtle
Franchising is all about relationships, and like in any other human interaction conflicts may arise from time to time. The stronger the relationship, the better one can handle these times of disagreement. There are three simple ways you can use to make your franchise relationships stronger. - Restaurant Franchise Helps to Make to Business Success by Adriana N.
It is no secret that the restaurant industry is a tough one to succeed in. However, when you look at the real numbers, it is because far too many people get into the industry thinking that all they have to do is open their doors, have a good time and the profits will roll in. Take it from someone who has been there, the benefits of restaurant franchise give a new owner a much better chance of success. - Finding a Firm Business in a Soft Market by Robert W Bennett
Looking around at today's business climate to determine winning businesses. Which ones are worth investing in? - Franchising and Ongoing Support Considered by Lance Winslow
Generally those looking into franchising do so because they have been laid-off or have experienced an unanticipated career change in their lives. Thus, they consider running their own company, as a solution. But if they do not know how to go about starting a business, they will consider buying a franchise because the franchisor will give them a proven business plan, start-up assistance and ongoing support. - Successful Restaurant Franchise Management by Brad Swanson
Even for the experienced professional, running a restaurant can be a harrowing experience. Nearly one half of all new restaurants fold within their first 3 years. However, there are some practical tips and good practices that can help you ensure the success and longevity of your new business. - Researching a Franchise Online by Brad Swanson
As a potential new business owner, knowledge is the single greatest tool at your disposal. From the very first moment you decide that you would like to look into franchise ownership, the more information you have, the better your chance of ultimate success. With all of the available data out there, the task of research can seem daunting at first. Just where do you begin your search for your ideal franchise? - Quality and Service in Your Restaurant by Brad Swanson
You rely on advertising and promotion to bring customers through your door, but quality and excellent service is what brings them back again and again. Providing a superior dining experience can mean the difference between a one-time or occasional customer and a steady patron of your establishment. There are simple and cost effective means of ensuring that your restaurant makes a positive impression on your customers and keeps them coming back for more. - Picking a Winning Franchise by Brad Swanson
The allure of franchise ownership is undeniable, and rightfully so. For the investor looking to start up a new business, franchising offers some incredible benefits over independent business ownership. However, all franchisors are not equal. How does one ensure that he/she picks the right franchise for his/her individual business needs and goals? - Four Things For Your Franchise to Focus on in This Economy by Brad Swanson
When the economy takes a dive, luxury expenses (such as dining out) are the first cuts people make to their personal budgets. An economic slump can stop a business's growth dead in its tracks, and can even threaten it's very survival. However, there are steps you can take to help your franchise weather the storm. - Investing in Ownership by Brad Swanson
Investing is a hazardous business. It comes with a lot of risks, but offers the possibility of great rewards. Good investments are not all about luck. They are based on knowledge, research and good business sense. Nowhere are these attributes more important than in the realm of franchise ownership. Owning a business is more than just a financial investment, it is an investment of time and energy. - How to Find a Franchise by Brad Swanson
So you are thinking of starting up your own business. As a smart and savvy investor you've decided that the benefits of franchise ownership most likely best suite your specific needs and mesh with your own business goals. So what do you do know? How do you get started in selecting the franchise that is right for you? - Is Your Franchise a Sustainable Relationship? by Lizette Pirtle
The sustainability of the franchise relationship depends on four key factors. Without these elements the relationship will fail. - Is Franchising a Good Exit Strategy For Small Business Owners? by Lizette Pirtle
"Exit strategies" is a term often attributed to big business; but it is as, or even more, applicable to small business owners. Franchising can provide the growth in value to allow small business owners to retire comfortably. - Microfranchising's Greatest Asset by Curtis Seare
There was an article recently published (McSocial Enterprise Franchises Could be the Future, by Chrisanthi Giotis on Social Enterprise Live) that spoke of how social enterprise can learn from the McDonalds business model. It was, of course, referring to microfranchising, although it never mentioned the term specifically. One of the important points of the article was the finding that the franchise model is excellent for expansion purposes because of the passion and invested interest the franchisees have in the business' success. - Cleaning Franchises - Which Ones Are the Most Profitable and Why by Jeremy P. Gray
Cleaning franchises became very popular toward the end of the 20th century because more people needed help in their cleaning tasks. More dads had to be in the office a lot longer and more moms had to get part time jobs to support a growing family. This phenomenon triggered a sudden surge in demand for cleaning services that eventually lead to the creation of franchises. - Franchise Appeal - Four Reasons Why Franchising Works by Brad Swanson
If you are considering starting your own business you are faced with the decision of whether to go it alone or to buy into a franchising organization. Both options offer their own distinct advantages and drawbacks. However, for many, the benefits of franchise ownership far outweigh the associated disadvantages. So what makes franchising so appealing, and is it the right decision for you? - Funding Your Franchising Venture by Brad Swanson
If you happen to be fortunate enough to be sitting on enough capital to start your business and float it through the rocky terrain of start-up then so much the better. However, that ideal situation is not a reality for most, nor should you be constrained by it. Nevertheless, the more capital you can generate on your own, the better off you will be. Take a look at what you can realistically bring to the table. Home equity is always a good start and can be leveraged as collateral for a loan to start your business. - Franchising in the Future - Is There Anything You Can Do Now? by Lizette Pirtle
You want to grow your business. You have done your homework and found that franchising is the best way to expand, but you are not quite ready to do it yet. You may not have the funds to go through the process or you may not have been in business long enough to prove your concept works. Do you just wait; or, are there some steps you can start working on right now? - Will the Franchising Industry Ever Rebound? by Lance Winslow
You know, generally speaking when there is a recession the franchising industry takes off like a rocket ship. This is because so many people are laid off from corporate America, the jobs are not coming back fast enough, and people know that they have to find something to do for a living. Often, if they can't find a job they turn to starting a business of their own. Indeed, one of the easiest ways to start a business is to just buy a franchise with a perfect business model, and an attached brand name which is already proven in the marketplace. - Getting the First Franchises Going While Franchising an Existing Service Business by Lance Winslow
Anyone that owns a service company that operates in multiple cities and is kicking butt realizes that their greatest challenge is finding quality labor. Often, they resort to hiring independent contractors. They also realize that other large service companies they compete against are franchises, and those franchising companies have the benefit that each branch is individually owned and operated by a franchisee. Indeed, this is a major bonus, and perhaps you have considered franchising your existing service business. - How Protected is My Franchise Territory If I Buy a Franchised Business? by Lance Winslow
If you are considering on buying a franchised outlet as a business of your own then perhaps one of the questions you might have is regarding the franchise territory that comes with your franchise. Often, franchisors will make a "bullet point" in their brochures about "Exclusive Franchise Territory" as if this is some kind of a bonus that you get for giving them the $20,000 franchise fee. - Why Shouldn't I Franchise My Successful Small Business Which Already Has Multiple Locations? by Lance Winslow
Many small business owners who have multiple locations and are making a profit often dream about franchising their concept in their local region, around the country, and eventually around the world. This is a nice dream to have, and I cannot deny that I once had myself. But you must not let your dream turn into a nightmare, because franchising is hard work, it's much harder than just running a few locations. Before retirement I had franchised my business in 23 states and four countries, and I can tell you it's a lot harder than it looks. - Should I Set Up My Small Business As If I Want to Franchise it Someday? by Lance Winslow
There are some entrepreneurs who start their business, even if it is very small, already thinking about a franchising it all over the country someday. Indeed, it's very good to think ahead, and yes it looks pretty good in the business plan if you are looking to find an angel investor to invest in your first business, but it's certainly not as easy as you might be led to believe. - How Do I Know If People Will Buy My Concept If I Franchise it? by Lance Winslow
It's not easy running a small business, and most small businesses fail in the first five years. It's an unfortunate fact of life, and I have many theories as to why this is, and I don't believe that most small business failures are just because of capital, or poor business acumen, rather I believe that government intervention, over regulation, and increased burden of taxation causes a good much of it. Nevertheless, those businesses that do succeed often have owners which have systematize the business in such a way that it makes money even when they open additional outlets. - Can I Buy Premade Franchise Agreements to Franchise My Business? by Lance Winslow
There are many small businesses that have a long-range vision for their companies, and in their long-term goals and strategies someday they'd like to franchise their company all over their state, all over the country, and then across the globe. Interestingly enough, I can't say I don't blame them, or I can't say I don't understand where these thoughts are coming from. You see, I founded my own franchising company and we did "franchised it" in four countries and 23 states here at home. - Do You Have Questions Concerning Franchising? - Where to Look For Answers by Lance Winslow
Let's say you're tired of corporate America and you'd like to own a business of your own. Unfortunately, you've never owned a business before, and your parents didn't own a business either, so you really don't know what to do to get started. This is the biggest dilemma for many corporate employees who want to ditch corporate America and start their own company. Therefore, many of these long-time employees are looking at franchising as a way to own their own business, as it solves those problems. - Will Franchising Still Be Around in Ten Years? by Lance Winslow
With the way the global economy has been going, many people are wondering if certain industries will still be viable in the future. In other words, consumers and investors are wondering if they will even be around. Two years ago that would have been rather a funny statement, but today it's no laughing matter. Many industries have been completely torn apart, and anyone who owns stock in any of those companies lost most of their holdings. - Will Franchising Become Popular in Third World Nations in the Next Decade? by Lance Winslow
Today, modern franchising accounts for 40% of every consumer dollar spent in the United States GDP. Indeed, its well over $1 trillion per year, and it accounts for something like 550,000 businesses in the United States. Perhaps, you can see that franchising is one of the greatest business models ever created, and it has helped the United States become the economic powerhouse of the world. Plus, franchisees and the franchisor brand names they represent have become loved and respected by consumers.
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