Articles
How to Spot These 4 Major Red Flags Before Buying a Franchise
We all know that in every industry, there are good, strong, well-managed companies, and then there are some … not so good companies. This is also true in the world of franchising. The challenge can be knowing what to keep an eye out for — especially if you are...
Are You Cut Out For Entrepreneurship? Take These 5 Steps to Know For Sure
Look, chances are that if you've clicked on this article, then you're at least interested in the possibility of becoming an entrepreneur. However, if you're like most of us, then it's also likely that just as quickly as dreams of entrepreneurship enter your mind,...
4 Things I Wish I Knew Before Starting My Franchise Journey
As a former franchise owner and current franchise consultant, I am frequently asked about lessons learned both from personal experience and from working with more than 800 franchise candidates over the years. Below I've included a few practical insights that offer...
These 2 Visas Can Open Doors for Global Entrepreneurs to Franchise in the U.S.
Consider the franchises you are most familiar with — maybe it's a local salon, nearby restaurant or home service business. They likely have easily recognizable names and branding that you can conjure without much effort. It's no wonder that 70 of the top 100...
Is Franchising a Good Side Hustle? It Depends on These 3 Factors
In a professional landscape that places increasing value on gig work and side hustles, it's important to make sure that we are evaluating new ventures carefully before diving in. After all, there are only so many hours in a day, and entrepreneurs in particular must...
How to Prepare Your Kids For Their Future Through Valuable Business Lessons
One of the things I have come to enjoy about being a franchise consultant is the easy comfort I have with new franchise candidates. We tend to have a lot in common, and one of the overlooked motivations to start a business is being a role model and leaving a legacy...
Location Is Everything — Especially in Franchising. These Are the Territory Rules You Need to Know.
I'm sure you've heard the phrase, "Location is everything." When it comes to franchise businesses, this sentiment is not only true, but carefully considered and negotiated as part of the franchise agreement process. I'm talking about franchise territories — how...
Who You Hire Matters — Here’s How to Form a Team That’s Built to Last
Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Done correctly, it will pay you back in peace of mind, confidence in your team and fewer barriers to profits. I'm sure you've heard it...
Is Franchise Ownership Your Next Wealth Move? Here’s How It Compares to Four Other Income Streams
Regardless of business model, industry or motivations, it's no secret that most aspiring business owners are interested in entrepreneurship to make money. But there are a plethora of options available when trying to develop your wealth portfolio. After all, anyone who...
Which Franchise Model Is Right for You? Here’s How to Choose
A major decision potential business owners must make when considering a franchise is determining what type of business they should run. There are thousands of brands and concepts, but franchises generally fall under two business models: "brick-and-mortar" and...
