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…
I like browsing for small business-related news, partly because I have interest in the topic, and partly because I run and manage two small business-related blogs – Noobpreneur.com and FranchiseNote.com. While browsing for franchising news, two articles have caught my attention – The Boston Globe‘s and The Tennessean‘s. Actually, those two articles have caught my…
Franchises are getting along well with social media. Although I cannot present you with analytical data and stats, I can see that franchises are taking benefit from the social media, in term of brand awareness and franchise information (including promos, events, polls, etc.) Eventually, all of those will be translated into more customers and revenue.…
Franchising is more appealing to entrepreneurs than ever – Many thanks to the recession. People are ‘forced’ to take entrepreneurship route due to downsizing and troubled personal finance. As people need a hand in guiding them in the new frontier, franchising comes to the rescue, offering proven system, strong brand name and support/help along the…
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…
There are always pros and cons in franchising. The pros always believe that strong brand name and proven systems are the main benefits of franchising. The cons always believe that franchising is expensive and unfair (benefit franchisors more than their franchisees.) I am always pro-franchising. However, I can not deny that there are some legitimate…
