Buying a franchise is not a simple task these days – With virtually hundreds, if not thousands, franchise opportunities present, choosing some, let alone one, opportunities that you are interested in is trivial. You need help – You need the services of a franchise consultant. A franchise consultant can offer you expertise and guidance from…
You can’t simply please everybody. This fact also applies in franchising. If you are a franchisor, you can’t simply keep all of your franchisees happy, no matter how well you set the SOP (a.k.a. the “game plan”) and how hard you try to please your franchisees. The cold hard truth is, “bad” franchisees will nag,…
It seems that, to some people, the biggest downside of franchise opportunities are the franchise fees and royalties. Those two are the reason why some people ‘despise’ franchising and look to non-franchise business opportunities. Their main reason is that the fees and royalties are stripping off a large part of the business’ profit; in other…
I just read an article posted by Joel Libava (The Franchise King) about not including buying a franchise as a backup plan after someone is being downsized. Unfortunately, I do heard stories of people who put buying a franchise in the top list of what-to-do-after-you-are-being-downsized – I agree with Joel: Franchising is not for everybody.…
Looking for franchise opportunities you are interested in is a bit trivial, especially if you are presented with literally thousands of franchise opportunities, online. To help you save time on searching for franchises to buy, I have 8 online resources to recommend you, along with the reasons why you should consider visiting them. Why do…
One of the most logical steps in preparing yourself for franchising is reading as much franchise information as you can. The question is, were to start? Here are some sites that can help you learn more about a certain franchises or franchising as a whole. International Franchise Association (IFA) First and foremost, you should visit…
