Getting your start as a franchise owner might feel like a process that is only focused on you and your franchisor, but there are many other important relationships to foster in order to succeed. As a franchisee, you have the opportunity to interact with many people who can help your business endeavor succeed. From mentors to legal counsel to the parties you interact with day in and day out, the importance of these relationships might surprise you as you grow as a franchise owner. Read on →

For those who are considering franchising, one of the most common questions is “how much money do I need?” While every franchise has different ways of handling franchise fees and startup costs, having a good idea of what you are investing and where that money will come from will be helpful as you survey your franchising options. Thankfully, for hopeful franchise owners, there are quite a few ways to secure funding, and many owners are able to use a combination of the methods to have the collateral they need to invest. Read on →

Researching potential investments is an exciting part of the franchise purchasing process, but because there are so many franchise opportunities to choose from it can also be an overwhelming one. Thankfully, by doing your research and asking yourself the right questions, you can narrow down your options and ensure you are picking the right franchise for you. By being open and honest with yourself about what you are looking for in an opportunity, what your budget is and how hands-on you would like to be, you can find the franchise that is the perfect fit! Read on →

When it comes to meeting with potential franchisors, it is important to see it as a two-way meeting. Not only are they trying to determine if you would be a good fit for their company, but you are trying to determine if their franchise structure will provide you the opportunity to thrive. By asking the right questions when meeting with potential franchisors, you can make the most of your conversation and gain a lot more information than you would if you stuck to the textbook questions about the business. Read on →

Wanting to get into franchising but don’t know where to begin? What is the Best Option for You? There are a lot of factors to take into consideration when getting into an industry. Of course, time and money are required to become successful, but location, skills, potential employees, and more are all things you will need to evaluate as well. But before you can even begin to assess all of the above, you have to find out which type of business is right for you. Read on →

Starting a business from scratch can be an incredibly daunting task. Not only are you developing a concept, you typically have to wear the many hats of managing and working in the business as well. One really great way to help ease that burden is to consider a franchise business. A strong franchise will let you begin with concepts that are already proven, workflows that are already established, and some even already have a brand that is popular. Read on →