The largest single point of failure for a new franchisor is to not sell the initial five units who start to validate the business model and brand.  This puts a significant amount of pressure on new franchise systems to get these initial units sold and as a result typically the failure rate is higher for early stage franchisees. These tips include: ...

In today’s business world, it may become necessary for businesses to establish a franchise so as to expand. The decision to franchise comes with different roles and benefits for the parties involved. To succeed in franchising, each business involved must deliver its promise of offering high-quality products to its consumers. We asked entrepreneurs and business owners to share their thoughts on ...

Many people think that buying a franchise is a great and potentially a very profitable business option. However, it’s not so simple. In fact, a franchise is a turnkey business. You give your money, acting as another investor in someone else’s business and you are provided with products for sale. Who are you in this system? You are a sponsor ...

Once a business reaches a level of success, they often start to think of ways to expand their business on a national (and sometimes international) level. One of these ways, includes franchising, which allows aspiring entrepreneurs to invest in your business model and create a business of their own (inside of your enterprise). This is often advantageous to franchisors, as they ...

Franchising a small to medium sized business is a proven way to regionally expand, stabilize operations and take on strong competition. Many business owners want to franchise, but they are unsure about the proven benefits and potential drawbacks. Before any business owner decides to franchise, they should carefully review the following pros and cons. Expansion Benefits A franchise offers customers ...

Franchising is one of the central parts of the American economy, a lot of business and jobs that were created after the great recession is as a result of franchises. In America, franchising business is still very popular and famous especially in the small business in the country. The franchising sector has experienced tremendous growth concerning its volume and ubiquity; ...

Introduction Franchising has changed over the years. In the beginning, it was a way to own a single location. This was when franchisees were content to earn a modest income. In the United States, there is more than 50 percent of franchise owners who have multiple units. Some own hundreds of units with millions of dollars in annual revenue. These ...

Franchisees at one time were content with being their own boss. Today the majority of franchisees own multiple franchises, some even major networks with hundreds of stores. There are still millions of entrepreneurs looking for a chance to launch a proven business on affordable terms. Opportunities continue to grow, but franchise prospects also see constant changes. Here are some of ...

Franchising your business as a smaller start up brand, if done properly, can be one of the most effective, cost efficient, and productive ways to expand your business at a fast pace to become an industry leader.  The concept of franchising enables businesses of all sizes to include qualified investors seeking new business development opportunities to invest into a brand ...

The decision to franchise a business or not can be a difficult choice to make. According to the United States Census Bureau, approximately 10.5%  of all businesses with paid employees in the United States are franchises. Franchising is more common in some industries than in others, because franchising is better-suited to some business models than others. Every entrepreneur who is ...