Franchising offers noteworthy benefits to both the franchisor and the franchisee. If you want to start a company under an established business name, using its products, knowledge and branding, consider this option. You may start with one location, but after gaining...
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Buying A Franchise
Does someone need industry experience to buy a franchise?
It's common for people to assume that those who start, manage or own a business in a particular industry will likely feel passionate about that specific focus. For example, those who start a bookstore may have had a lifelong obsession with literature or science...
2 inherent challenges franchisees face
Many think franchises are safe investments that don’t carry a huge risk. While it’s true that franchisees can take advantage of the franchisor’s knowledge, there are still some risks of this type of business setup. There are several risks that you need to consider....
What are some examples of internet-based franchise opportunities?
American companies operate much differently in the 21st century than they did before. A substantial portion of today’s commercial activity occurs online instead of in brick-and-mortar locations. Many high-revenue companies are taking advantage of these online business...
3 risks to consider when choosing a franchise
If you have always wanted to own a business, buying a franchise can help you achieve your dreams. However, not all franchises are appropriate in all circumstances. You always want to do ample research before choosing a business you want to own. Otherwise, you may end...
Why your partner’s support is important when becoming a franchisee
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...
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...