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...
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Buying A Franchise
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...
Unlimited options for veterans returning to the private sector
Servicemen and women who reach the end of their military careers often want to explore new opportunities to re-enter the civilian world. For many, franchising represents an option to “hit the ground running” with a built-in business model and potentially a more modest...
A future in franchising for fiftysomethings
With people living longer lives, careers don’t have to end when someone reaches a certain age customarily associated with retirement. In fact, many older people are pursuing new endeavors, including ownership of their own franchise businesses. Prospective...
3 common traits of successful franchisees
Becoming a franchisee is an attractive option for those who wish to establish a business without creating one from scratch. One of the benefits of franchises is that the owner, or franchisor, has already set important matters regarding the company, such as quality...
Do you know your rights as a business tenant?
You found an ideal physical location for your franchise business. As a first-time business owner, you must understand the differences between residential tenant rights and business tenant rights. It's important to know when you must handle a situation alone and when...
The pros and cons of buying a franchise
Many prominent businesses started with an idea that eventually became a thriving enterprise with multiple locations. However, taking that initial risk and build from the ground up is also fraught with pitfalls. After countless “trials” and errors” in their operations,...