Entrepreneurs and business owners are fierce competitors. Franchisees, too, are great competitors. As a franchisee, should you take on your fellow franchisees? I have said numerous times that franchising is about relationship. Along with your franchisor and fellow franchisees, you build the same brand, in such a way that if one franchisee sucks, the others…
In an effort to better the franchise units, some franchisees are trying to do things differently, even changing the way the franchise units should run. Don’t. Many franchisees are great entrepreneurs – They are business owners of their own brands while investing in franchise units in an effort to diversify. Many have also tried to…
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…
Provided you buy a franchise that allows you to be an absentee owner, being a franchisee can present you with more business opportunities. Franchisees are comprised of entrepreneurs, professionals, retirees and many other backgrounds – This wealth of background can add diversity, leading to a stronger franchise, benefiting both franchisor and franchisee. A chance to…
