Franchisors and franchisees – should you join the Black Friday 2009 sales? Based on the stats, you should. The day businesses, especially retailers, have been waiting for is finally approaching: The Black Friday on November 27, 2009. The Black Friday (and the whole Christmas shopping season starting from that day) is the Day for customers…
Cash flow is the life energy of every business, including franchise. Lack of it will drain the life out of your franchise unit – and this is just the beginning. In the midst of economic turmoil today, we heard this advice all the time: In order for your business to survive, you should increase sales,…
The Internet has propelled franchises to conquer new market and recruit more franchisees. How to wisely use the Internet to benefit your franchise business? Inspired by Mark Siebert’s article, here are 10 ways to grow your franchise using the Internet as a medium, tool and strategy to ace the competition: Use the Internet to lower…
Refranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both? Refranchising is basically about selling the franchisors’ own units to franchisees. So, yes, franchisees are buying established franchise business with well-run operation and positive cash flow. To me, refranchising is a blessing –…
Frozen yogurt – or popularly dubbed as froyo – are gaining in popularity today. One issue: Is froyo franchise just a fad or a legitimate franchise opportunity? I never ate frozen yogurt in the past decade as much as I did in the past 3 months. To be honest with you, froyo – a popular…
It seems that there is nothing in this world involving money that cannot be franchised – this includes non-profit sector, and it is emerging and attracting social entrepreneurs and investors. About five or six years ago, I thought that not all businesses can be franchised. But today, every organisation involving with people and money CAN…
