Did you know my number one mistake in franchising, costing me 2 franchise units? That’s right – I jump into franchising because of the potential alone, not because I am passionate about the niche of the franchise. I end up losing both. Indeed, I do my analysis and all – I like the concept and…
Okay – I understand the situation here. If you are a franchisor, you might have said “what the… ? We are busy putting out fire caused by the franchisees and now you expect us to (cough) listen to them?” Well, whether you like it or not, your willingness in listening to your franchisees holds the…
Are you ready to plunge yourself into entrepreneurship but are dumbfounded by the wealth of options right in front of you? Well, you are not alone. One of the biggest challenges in entrepreneurship is not finding business ideas: It’s on deciding HOW you would like to startup. Are you going to bootstrap your startup or…
One of the easiest ways to get into business happens to be to harness the power of supply chain management that others have taken the time to develop. The way to go about this is to invest in a franchise, but how do you choose the right one? Just follow the simple steps that have…
Franchising has its benefits, that much is clear to see – you can in essence hit the ground running, you can receive a substantial amount of training in an industry from wiser heads than yours and you can leverage the power of a large brand to encourage consumer loyalty and trust. However, franchising isn’t always…
In your franchise, you most likely have branches spread all across the state, country or even globe. With so many various partners and regions, it is easy to quickly drown in the number of agreements that are required to make your franchise business thrive. From the agreements made with the people themselves who purchase the…
