Despite our lackluster economic situation, we should never blame the recession for our franchise failure. In franchising, we have witnessed some established franchises made it, while some others don’t – both franchisees and franchisors share their own mistakes; in franchising, “it takes two to tango” couldn’t be more relevant. Here are some reasons why established…
When you are pitched by a franchise company that franchises can’t fail, just stay away from that franchise: Franchises – just like any other businesses – can fail. What to do next if your franchise is failing? I was pitched that franchises has a better sustainability due to their inherited ability to succeed. I was…
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…
