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,…
Do you want to receive free franchising advice from top franchising experts but too tired to read any franchising articles? Try listening to live podcasts. The Internet offers wealth of knowledge if you want to learn as much as you can about franchising. You only need to look for the online resources. One of the…
Here is the question that your answer can make or break your entrepreneurial career: To buy or to lease business premise. Many people misunderstood McDonald’s business model. Many thought that McDonald’s is successful because it makes the best burgers. Not entirely true (to me, Burger King’s burgers are the best of all – LOL. McDonald’s?…
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. 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…
In the midst of tons of guides to buy a franchise, there are not many guides on how to sell a franchise. This article is one of the guides on how to properly sell a franchise unit. How this lack of guideline in selling a franchise unit could affect a franchisee? The answer is: A…
Franchises aiming for global expansion could mean two things: It is either they are booming or they are looking for overseas market, due to stagnant or declining local market. Let us start with McDonald’s as an example. We all know that McDonald’s franchise units are present in many parts of the world (#1 in 2009…
