Franchises are known for their proven business system that can help you reduce risks related to business start up process. However, this doesn’t come without any costs. In franchising, those costs are called franchise fee (or some others like to call it license fee, but both are basically the same.) The amount of franchise fee…
Blogging for franchise unit owners is a little different with business blogging in general. It involves a different approach in branding and creating a community loyal to your franchise unit. But first thing first – Why should you blog for your business? Blogging helps you in your business branding and marketing. It helps you to…
There are certain criteria that are well-sought after by a franchisor in accepting an investor proposal to be a franchisee – And no, it is not always about how much money you have to fund the franchise unit purchase. Your ability to fund the purchase of a franchise unit is one of the technical criteria,…
Franchising offers an opportunity for a budding entrepreneur to shortcut into entrepreneurship. Unfortunately, franchising is not for every entrepreneur. Not all entrepreneurs can be a good franchisee – This is a fact you and I can not deny. Forcing your way into franchising can only eventually result in two exits: Struggling franchise units and going…
Welcome to the very first blog post of Franchise Note. I am pleased to announce in this not-your-typical “Hello world!” article that Franchise Note is (finally) launched. I envision this franchise business blog to be one of the authoritative voices in franchising blogosphere, as it is written by an experienced ex-franchise units’ owner. “Ex-franchise units’…
