Franchise Business Models

One of the benefits of opening a franchise is that it comes with national branding. For instance, someone could open a fast-food restaurant. Local consumers are going to see national commercials for products and promotions, such as new menu items that come out or...

As a franchisee, you certainly want to know if you’re having success with your new business. But this isn’t quite the same as launching the company yourself. You’re running an established business, so the benchmarks are a bit different. Thankfully, there are still...

When many people think of becoming a franchisee, they imagine running a fast-food restaurant. You may be considering your options because you want to be a business owner, but you want the name recognition and other benefits that come with starting a franchise. So you...

The dream of entrepreneurship can swiftly turn into a nightmare if not navigated with strategic precision. As a franchisee, understanding and implementing preventative measures can make the difference between flourishing success and costly failure. Exploring...

Before committing to a franchise, you need to understand what, if any, territorial rights you have. You may be O.K. with a free-for-all situation where anyone and everyone can fight it out to sell the same product because you think you can outdo all comers and expand...

If you’re a franchisor considering a merger, you’re looking for a way to grow your business. You don’t want to sell or lose your involvement, but you think that combining forces with another related company may help you both thrive in a highly competitive industry. To...

Entrepreneurs who pursue the route of franchising and secure their own operations have a decided advantage over those who chose to establish their businesses from the ground up. The model itself is attractive to any up-and-coming owner looking for a leg up in highly...

The hard work that goes into planning, opening, and establishing a business presents significant risks. Overcoming those obstacles and putting your enterprise on the road to success is a milestone that comes with personal and financial rewards. Expansion may be the...

The steps to take towards building a franchise require time, money, and a great deal of sweat equity. Once the decision is made to expand from one location to several, the hard work begins in building a business. As with any enterprise, challenges exist, many unique...