Archive for the ‘Franchise Opportunities’ Category

Home-based franchise opportunities

When the economy takes a downturn, it brings along with it a big opportunity for entrepreneurship. And that is exactly what America is experiencing now. The new worker wants to work from home, have a more flexible schedule and enjoy their home and family lives. So it’s no mystery as to why home-based franchises have experienced a huge leap in the past few years.

Among home-based franchise opportunities lies the possibility to really be a service to your community. Senior care franchises are an excellent opportunity to get involved with helping people while also making…

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Franchising in Ireland

Now that the economic downturn seems to have passed by and left business on sturdier ground once more, it is the time for new investments, new ventures, and new opportunities. One way in which to get on board with the current atmosphere of growth is by opening a franchise, and there any many types to choose from. Another big question is of course where to start up, and the emerald isle may be the place to try for some Irish luck.

Ireland has been hit hard in the crisis, and received financial aid from the rest…

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Debt collection franchise

As the US economy is going through a sluggish state, an increasingly large number of consumers are defaulting on their multiple credit cards. With a close-to-double-digit unemployment rate, there is too less cash in the hands of most consumers with which they can repay their high interest debts. This makes creditors transfer your accounts to the collection agencies and in return you get harassing calls from the debt collection agents in order to repay the money. When such debt collection agencies are growing in popularity, wouldn’t it be a good idea to start off with…

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Franchising is not magic

“Franchise opportunities – easy to run, no experience required!”

In this article I want to be totally honest with you: Whenever you encounter such offer, not only in franchising but in any business opportunities, my only suggestion for you would be to stay away, even run away from them.

Franchises are mistakenly touted to be businesses that are easy to run – thanks to the proven franchise system in place. This is misleading and could lose franchisees money eventually.

Here’s the cold, hard truth: Despite the proven system in place, new franchise units are essentially business…

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Refranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both?

Refranchising

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 – I am tired of starting up, and with franchising I expect more than just a start up business. For you who share my vision, you might be interested in refranchising, as well.

Why do franchisors refranchise?

Firstly, you need to know that own units…

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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?

frozen yogurt

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 term abbreviation of frozen yogurt – is kind of addictive to me.

However, I can’t help the feeling that froyo won’t last long as a popular, healthy version of ice cream. And today is not the first time that froyo-craze hit people worldwide.…

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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.

Social franchising

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 be franchised – and succeed.

EBay drop-off franchises, science franchises, and some other innovative ideas are popping on daily basis, worldwide. But those share a common characteristic: All of them are for-profit organisation. Any chances for non-profits to be developed in franchising framework?…

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Many people deciding to buy a franchise because it is closely related to their hobbies. My opinion: Hobby-based franchises are great, but let your hobby be your hobby.

Science franchise

I have talked with some franchisees in the past who are buying a franchise because it is their hobbies-turned-into-businesses.

One of their most common comments is: Let your hobby be your hobby.

To clarify: Not that hobby-based businesses (in this case, franchises) are bad. In fact, for the right people, hobby-based franchises can be extremely successful, considering the nature of hobby/entertainment community and industry.

Unfortunately, using your hobby as the…

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Due diligence is the keyword to ensure that everything you have planned in buying a franchise will not go in vain. Proper franchise opportunity analysis can only do you good.

Franchise due diligence

Due diligence is resource-intensive. Doing it requires you to put on your business analyst hat, as well as your skepticism hat.

Unfortunately, choosing NOT to do the business due diligence will bring you problems and perils later on.

A price to pay for not doing business due diligence: I lost my franchise units

You don’t need to prove anything, as I have already proved that…

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Social media can help new franchisors to create the buzz necessary for the launch of their franchising concepts… and for attracting franchisee candidates.

New franchise launch 2.0

I have just written an article on my other business blog, Noobpreneur.com, about social media ROI. To my surprise, 5 minutes after I posted the article, I received 2 comments. Both of them manage social media activities for small business clients, and one of them is actually helping with the social media of a newly-launched franchise, Naples Tomato – a popular local restaurant in Naples, Florida (read the press release.)…

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