A franchise unlike other businesses needs to have special ingredients. These include an easily duplicated business model, decent profit margins, strong brand name and future potential for growth. If these ingredients are in place then it becomes easier to recruit the ideal franchisees. A business can only be franchised if it is possible to train franchisees how to manage their…
Tag: Franchise
Buyer Beware Common Mistakes Failed Franchisees Make
As you conduct more and more research into buying a business franchise, you will learn the importance of preliminary research, relying on experts (accountants, attorneys, etc.) and even the value of having an exit strategy from the very beginning. Still, just as there are common traits shared by successful franchisees, there are also common mistakes that can cause perfectly good…
Massage Therapy And The Entrepreneur
Some people enter massage school to help others through the power of healing touch. Some attend massage school to work in a particular field such as sports medicine or in a spa environment. Others receive massage training to satisfy a different ambition. They want to: What’s your Reaction? Love Love 0 Smile Smile 0 Haha Haha 0 Sad Sad 0…
How Much Does A Franchise Cost
How much does a franchise cost? Of course the cost of obtaining and starting a franchise depends on several variables. For instance, the type of industry, size and location are some of the differentiating factors. However, there are some basics that you could keep in mind if you are contemplating becoming a franchisee. First of all, you will usually have…
The Pros And Cons Of Buying A Franchise Straight Out Of College
In today’s rapidly changing economy, college graduates realize that embarking on a steady career that will last many years with one company is a reality of the past. More likely than not, college graduates will change jobs multiple times over the course of their professional lives, and job security will be something they only dream of. As a result, more…
Senior Companion Franchising Opportunities
New medical procedures and healthier lifestyles are letting people live more years than at any time in the past, putting many people trying to find ways to adjust to the demands of old age. Now that the hippie generation is soon reaching old age the number of elderly citizens is only going to get larger and larger. Owners of senior…
Buy A Franchise Or Start A Business
A franchise business is definitely the safer opportunity according to US Department of Commerce figures. This study carried out over 7 years revealed that after seven years, over 90% of new franchises are still in business, as compared to only 20% of individual new start-up businesses. Most people, who do start a business by themselves, end up failing and losing…
To Buy A Franchise Business
It is a well known fact that as the population increases then the number of people wanting to go into business increases -obvious but true. This is despite the fact that a large amount of businesses fail within the first two years. Ideally one would like to purchase a business for less than it takes to create one – this…
Food Franchises How To Choose The Right One
If you’re looking to purchase a food franchise opportunity, then there are a few things you need to know. In this article I will discuss how to analyze food franchises to determine if they are worth the franchise fee you must pay in order to get them. Specifically we will talk about determining if they have a workable profit model,…
Franchise Opportunity Frequently Asked Questions
In the Franchise Industry the most common questions we get asked by people looking for a franchise opportunity are covered in this list. Question: What is franchising? Answer: Franchising is where you buy the rights to a business concept, trademarks & know how. In return you pay a franchise fee and a percentage of your profits. Question: What is a…