You have done your due diligence well – You have searched and evaluated dozens of franchise opportunities you are interested in, and you have finally picked the one suit you best. And your hard work proves right – Your franchise unit is profitable and growing well. The idea of multi-unit franchise ownership – owning more…
I have just read an article from The New York Times that covers the questions you should ask to yourself and a franchisor before deciding on buying the franchise of your dream. The article opens up some facts that, to tell you the truth, somewhat against franchising, in a sense that you should take great(er)…
Buying a franchise is not buying an established business. The fact is this: buying a franchise is ‘renting’ a proven system and established brand image – You can never, ever own the system and brand name (unless you own the franchise company.) Apart from the system and branding, the new franchise unit itself is, in…
This question (supposedly) jump out of a franchisee candidate’s mind: How much can I make from this franchise opportunity? Unfortunately, the answers can be vague, misleading and, in a sense, secretive. The income reports you saw publicly (such as in franchise expos) are either averages or forecasts/projections. Franchise companies are not in the habit of…
Franchising has been booming in the past decades, worldwide. No longer in the US, the rest of the world’s entrepreneurs have realised that franchising offers enormous potential. Franchise Direct has ranked the world’s best franchises for 2009. It is interesting to learn that from the top 100 list only 15 of them are non-US franchise…
Environmentally-friendly franchises are picking up the pace – With consciousness on going green emerges worldwide, businesses, including franchises, practicing environmentally-friendly and socially-responsible principles will help them to gain more edges than those that are not. There are some fast growing franchises embracing the “go green”-related practices and policies that attract environmentally-conscious franchisees. The fastest growing…
