Category: Understanding Franchise Business
Questions To Ask Franchisees – Sample Outline
Part of the investigation process is talking with a franchise owners to know further information about the business. You should prepare a list of questions to ask franchisees during your call. Doing this will help you determine the right franchise to buy. So what will help you prepare for the list of franchise questions? Take note …
Continue reading “Questions To Ask Franchisees – Sample Outline”
13 Most Franchise Myth-Busting
Knowledge in a franchise business is your nuts-and-bolts to manage the business in good order. So, you do your investigation process to gather more insights about franchising. Suddenly, you figured out that there are “hearsays” about this business industry. Busting any franchise myth is the best thing to do. Myths in franchise businesses became facts. …
Continue reading “13 Most Franchise Myth-Busting”
What Happens After You Sign?
After signing the franchise agreement, you might wonder about the next step. Understanding the whole process is necessary to start a franchise business. Once you become a certified franchisee after you have signed the contract, this opens you to a new process of entering the business world. Without the proper training and preparation you need, …
Continue reading “What Happens After You Sign?”
The Fear Factor of Buying a Franchise
Don’t let fear stop you from reaching your goals! Why do people go through the whole process of looking for and finding a great franchise opportunity and then back out at the last minute? The answer is “fear”, and it is the one factor most likely to prevent a potential franchise buyer from moving ahead …
Continue reading “The Fear Factor of Buying a Franchise”
Has COVID Pandemic Destroyed the Franchise Industry?
Since the pandemic started in March 2020, it has brought on an economic downturn in the US and worldwide. Many lost their jobs because some businesses were closed, while others shifted to the work-from-home setup. In fact, the unemployment rate has spiked to 13.1%, the highest rate in 80 years. According to the US Department …
Continue reading “Has COVID Pandemic Destroyed the Franchise Industry?”
Is Owning a Multi-Unit Franchise Right for You?
Over the last couple of years, the multi-unit franchise model has been one of the sought-after business opportunities for ambitious entrepreneurs. The approach, unlike owning one location, allows the franchisee to manage multiple locations and hence enjoy multiple revenue streams, economies of scale, and far stronger franchisor relationships. But, like any business, it comes with …
Continue reading “Is Owning a Multi-Unit Franchise Right for You?”