You have always wanted to run your own business, and now you feel like the perfect franchise opportunity has arisen. It feels like your dream of becoming your own boss and running a business is now a possibility. You know you will need your partner's support during...
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Buying A Franchise
Is a gym or fitness center franchise a good investment?
According to market research, the fitness industry is experiencing a growth trend. Estimates indicate that the industry will grow 171.75% through 2028. If you believe opening a fitness center or gym is the answer to your dreams of owning a business, it could be a good...
How much does name recognition matter?
Nothing guarantees success with a franchise. Franchise locations can still fail, even when the company/franchisor has been very successful. If you’re thinking about opening a franchise location yourself, you need to know that it will still take work and dedication to...
How many hours per week do franchise owners work?
You can picture yourself running your own business. In your daydreams you might spend a few hours a day doing the books, let your trusted employees handle the bulk of the business day, and show up to collect the deposits at the end of the day. That is a nice dream,...
Should you jump on the franchise bandwagon early?
Consider this scenario. There is a business you have been a fan of for years. Then its leaders announce they are going to start franchising. You have been looking to start a business for years. You have the money to do it. Is this the opportunity you dreamed of, or is...
Is franchise ownership a good fit for you?
Purchasing a franchise is not the right move for everyone. While many see it as an easy way to start your first business, in some ways it can be far more complicated than starting something independently. First and foremost, you are giving up a massive chunk of...
How do you raise the capital to purchase a franchise?
Buying a franchise can be like purchasing a fast-track ticket to your ideal vacation destination. The costs are higher, but everything is faster and fully planned for you. You can get where you want to go that much quicker by investing in a company that already has a...
Look for these crucial provisions in your franchise agreement
The decision to buy into a franchise can lead you to financial success. You may have the chance to operate a successful business in your community for decades. However, not every franchise opportunity turns out to be the dream career people expect. A thorough review...
What are the benefits of owning a franchise?
If you're looking into starting your own business, and you're considering buying a franchise location, you know that it comes with the loss of control. You have to sell specific products, your store has to look a certain way, your employees have to wear specific...
The benefits of micro-franchises
Franchises are anything but “one-size-fits-all.” Many smaller-sized enterprises, known as “micro-franchises,” represent an opportunity for budding entrepreneurs to get in on the ground floor of a potentially successful business. While still adhering to traditional...