If you are thinking about purchasing a franchise, you may be wondering what is needed to succeed as a franchisee. You know that running a franchise has some advantages over starting your own business, such as the fact that potential customers already recognize the...
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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,...
Franchise cash flow mistakes and how to avoid them
As a new franchisee, cash flow can make or break your business. Here are three common cash flow mistakes that people make and what you can do to avoid them. Not having a cash flow management strategy One of the first mistakes people make is not having a good strategy...