The Internet has propelled franchises to conquer new market and recruit more franchisees. How to wisely use the Internet to benefit your franchise business? Inspired by Mark Siebert’s article, here are 10 ways to grow your franchise using the Internet as a medium, tool and strategy to ace the competition: Use the Internet to lower…
Refranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both? Refranchising is basically about selling the franchisors’ own units to franchisees. So, yes, franchisees are buying established franchise business with well-run operation and positive cash flow. To me, refranchising is a blessing –…
Frozen yogurt – or popularly dubbed as froyo – are gaining in popularity today. One issue: Is froyo franchise just a fad or a legitimate franchise opportunity? I never ate frozen yogurt in the past decade as much as I did in the past 3 months. To be honest with you, froyo – a popular…
It seems that there is nothing in this world involving money that cannot be franchised – this includes non-profit sector, and it is emerging and attracting social entrepreneurs and investors. About five or six years ago, I thought that not all businesses can be franchised. But today, every organisation involving with people and money CAN…
Do you want to receive free franchising advice from top franchising experts but too tired to read any franchising articles? Try listening to live podcasts. The Internet offers wealth of knowledge if you want to learn as much as you can about franchising. You only need to look for the online resources. One of the…
Here is the question that your answer can make or break your entrepreneurial career: To buy or to lease business premise. Many people misunderstood McDonald’s business model. Many thought that McDonald’s is successful because it makes the best burgers. Not entirely true (to me, Burger King’s burgers are the best of all – LOL. McDonald’s?…
