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…
Here is another franchise resource you would like to refer to in your search for the right franchise opportunities. The Franchise Times 2009 Top 200 Franchise Systems has just been published by the well-respected franchise publication, the Franchise Times. The ranking in the Franchise Times 200 is based on total sales of US-based franchise companies,…
Franchising is more appealing to entrepreneurs than ever – Many thanks to the recession. People are ‘forced’ to take entrepreneurship route due to downsizing and troubled personal finance. As people need a hand in guiding them in the new frontier, franchising comes to the rescue, offering proven system, strong brand name and support/help along the…
While more franchise opportunities present for veterans, franchisors are starting to set their sight to recruit a much younger entrepreneurs group. The following is a good example of what focusing on younger crowd presents to a franchise company. A case study One of the franchise companies launching a business strategy to recruit young franchisees is…
