Starting a business from scratch and building its brand equity from the ground up takes a lot of hard work and is riddled with risks: what if your business idea only looks good on paper but does not resonate with your target audience when you launch? What if it launches successfully but only turns out…
A lot of new businesses tend to fail because many entrepreneurs believe that they can do things on their own – this also holds true for franchise businesses. More often than not, this is because they do not want to ask help from the pros because of the costs that are involved. Nonetheless, as it…
The dream of getting into business for one’s self can be realized a variety of ways, from working at home to opening a store front down town, to buying into a franchise. Franchise opportunities have a number of advantages to the budding entrepreneur. 1) Pre-existing customer-base! This is a huge benefit to the new business…
A new franchise opens every eight minutes of every business day, according to the International Franchise Association (IFA). But how much do they really generate in sales? IFA reported franchises bring in more than $800 billion in annual sales. They also noticed a trend that the economic downturn is actually driving franchising with an influx…
Most of us have heard of franchise opportunities. In fact, many of us still consider buddying up with an established franchiser a better option over setting up a new business of their own. To be fair, franchises have a number of advantages as well as limitations. The type of business you may be planning to…
Owning your own franchise business is a way to generate a substantial income depending on where you choose to operate your franchise and the types of services or products you are selling. When you own a franchise, there are both pros and cons to making the investment that should be factored in before you make…
