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In the words of the famous Ray Krock, “As long as you’re green, you’re growing,” and that’s probably never more true than right now as the nation’s marijuana industry seems poised to expand. Changing social mores and changing laws have made the cannabis industry a hot...
Gaining traction when you start a business can be a real challenge. It can take several years before you establish a significant customer or client base, and it can be hard to keep the business afloat until then. Franchise businesses don't have that same struggle....
Franchise opportunities are an attractive way for interested parties to become business owners. Buying a good franchise may eliminate some of the startup tasks you might otherwise face. That does not mean buying a franchise and operating it is easy and free of...
Trade secrets may be the backbone of your company. Your business might not be where it is today. Having your trade secrets leaked or stolen could damage your business significantly. The best thing you can do to prevent your trade secrets from being leaked is by taking...
You did all the research into your franchise opportunity and followed the plan with painstaking detail. You are putting in tons of hours and your social media presence is lively. But are you successful? Identifying the key performance indicators of success can tell...
Marketing and brand building are easier than ever before because companies have more direct access to their target audiences. The average prospective customer you want to gain interest in your company probably spends a bit of their time on social media every day. You...
Consider this hypothetical: You invested your hard-earned savings into buying a franchise, and now you wish you never had. The franchise has turned out to be nothing like the success you believed it would be. Your financial records show that at this rate, you will be...
It is easy to be extremely optimistic when you purchase a franchise. For every smiling, successful franchisee you see in the company’s marketing materials, there likely are franchisees who do not feel they are living the dream. What if you become one of those for whom...
For many, owning your own business is a dream. You get the opportunity to lead a team, boost your community and build wealth for your future generations. When starting a whole business from scratch feels like an impossible feat, purchasing a well-established franchise...
The Federal Trade Commission’s (FTC) Franchise Rule details information that franchisors are required to disclose to prospective franchisees. The Franchise Disclosure Document (FDD) is required to include information like a financial statement, history of litigation...