In the midst of tons of guides to buy a franchise, there are not many guides on how to sell a franchise. This article is one of the guides on how to properly sell a franchise unit. How this lack of guideline in selling a franchise unit could affect a franchisee? The answer is: A…
Franchises aiming for global expansion could mean two things: It is either they are booming or they are looking for overseas market, due to stagnant or declining local market. Let us start with McDonald’s as an example. We all know that McDonald’s franchise units are present in many parts of the world (#1 in 2009…
Paul Segreto, one of the authoritative voices in franchising, tipped me with his experience as a franchisee, teaching us how to deal with our struggling financial units. Paul commented on Franchise Note’s Do You Think Franchising is Easy? Think Again sharing his story as a franchisee. Paul’s story is evolving around his mistakes dealing with…
Social media can help new franchisors to create the buzz necessary for the launch of their franchising concepts… and for attracting franchisee candidates. I have just written an article on my other business blog, Noobpreneur.com, about social media ROI. To my surprise, 5 minutes after I posted the article, I received 2 comments. Both of…
Provided you buy a franchise that allows you to be an absentee owner, being a franchisee can present you with more business opportunities. Franchisees are comprised of entrepreneurs, professionals, retirees and many other backgrounds – This wealth of background can add diversity, leading to a stronger franchise, benefiting both franchisor and franchisee. A chance to…
I like browsing for small business-related news, partly because I have interest in the topic, and partly because I run and manage two small business-related blogs – Noobpreneur.com and FranchiseNote.com. While browsing for franchising news, two articles have caught my attention – The Boston Globe‘s and The Tennessean‘s. Actually, those two articles have caught my…
