Starting a franchise is an exciting endeavor. However, before you open your doors, you’ll need to make sure that you don’t leave yourself open to any legal scrutiny or government penalties.
Thus, there are very specific steps you will need to take from a legal standpoint. Here is what you need to keep in mind: Continue reading “What Are The Legal Requirements For Starting A Franchise?”
When it comes to franchising, there are a lot of terms you need to know. However, there is one word that causes confusion for many entrepreneurs — licensing.
To clear things up, we’ve addressed some common questions about licensing.
What Is A Licensing Agreement?
Under a licensing agreement, a company (original rights holder) sells the right to use its intellectual property, such as a product or logo, to other companies. Continue reading “Franchising Vs. Licensing A Business — What’s The Difference?”
What do you get when you combine dozens of franchisees, insightful presentations, tons of networking opportunities, hours of fun and three days in the warm Florida sun? The 2016 Bin There Dump That Franchise Conference!
This year’s event, held in Tampa, was the best one yet. It brought together more franchise operators than ever before — a reflection of our growing footprint and rising revenues throughout the United States and Canada. These franchisees were joined by members of our franchise leadership team, great guest speakers and key vendors.
Together, we learned a lot about what it takes to make a franchise business successful, and we wanted to share the most important lessons learned with you.
Here are three key takeaways from this year’s franchise conference: Continue reading “The Bin There Dump That 2016 Franchise Conference Wrap-Up”
What do you think of when you hear the word “franchise”? At Bin There Dump That, we want you to think again.
Since being founded in 2004, we’ve been working hard to create something truly unique — for our customers, our franchisees and our communities — and 12 years later, it’s clear we’ve done just that. Here are just a few of the things that separate us from other franchises.
Continue reading “How Is Bin There Dump That Different From Other Franchises?”
So you are thinking about becoming a franchisee? That’s great, but you can’t just call up a franchise group and open your business the next day.
On the contrary, starting a franchise takes time, preparation and effort — and that is especially true if you are looking to join a top franchise company. That’s because, good franchise systems are protective of their brands and reputations, and they look for serious candidates who can contribute to the success of the franchise as a whole.
How can you prove you’re serious about starting a franchise? By showcasing these signs: Continue reading “4 Signs That Show You’re Serious About Starting A Franchise”
If you are someone who appreciates choice, then franchising should prove appealing for you. That’s because there are roughly 800,000 franchise systems, across hundreds of different industries, for aspiring franchisees to choose from.
Clearly, there is an abundance of options. But how do you narrow them down?
For starters, you want to look for a franchise in an industry that offers stability, growth potential and the opportunity to make a great return on your financial investment. It just so happens that we know an industry that offers all that, and more — the dumpster rental industry.
Here are some reasons you should consider a dumpster rental franchise for yourself: Continue reading “5 Reasons A Franchise In The Dumpster Rental Industry Is Right For You”
All entrepreneurs and business owners plan to grow their companies. However, in order to make that growth happen, you’ll need to create an actual business plan.
There are numerous benefits to creating a business plan; perhaps the most important reason is the fact that no lender will take you seriously if you don’t have one. In addition to helping you acquire funding, a great business plan can serve as a best practices guide for you and your staff while helping you identify milestones and stay on track. It can also be a resource for planning and managing cash flow.
We’ve already covered what you need to do in order to create a good business plan. But, just as important, you need to know what not to do as well. Here are five common business plan mistakes to avoid: Continue reading “Entrepreneurs: Avoid These 5 Common Business Plan Mistakes”
You can make a lot of money by becoming a franchise operator. However, like the old saying goes, it takes money to make money, and franchising is no exception. A franchise is an investment, and your goal as a franchisee is to maximize your return.
But what, exactly, does that investment entail? In terms of amount, the costs associated with starting a franchise can vary greatly depending upon the franchise system, location, exclusivity options and a host of other factors. However, the types of expenses are more clear cut, and generally fall into one of two categories — initial costs and recurring costs. Continue reading “Entrepreneur’s Guide To Franchising Costs — Initial And Recurring”
What franchise is right for you? To answer that question, you need to do a thorough investigation. At the outset, this process should include exploring different franchise systems and industries online, attending franchise conferences and events, brushing up on franchise terms and terminology and creating a short list of the top franchise options that are consistent with your long term business and personal lifestyle goals, skill set and financial situation.
Then, it’s time to start asking some questions of your own. We’ve already covered some of the key questions to ask franchisors, but it’s just as important to ask the right questions of existing franchise operators. After all, nobody can give you the inside scoop like someone who is inside the system.
Continue reading “Selecting A Franchise — 10 Questions To Ask Current Franchisees?”
The day that your Bin There Dump That franchise opens for business will likely be one of the best days — career-wise — of your life. But what will your days be like from that point on?
To find out, we asked Patrick Daley, owner of Bin There Dump That Sarasota, to give us a glimpse into a day in the life of a Bin There Dump That franchise operator. Continue reading “A Typical Day In The Shoes Of A Bin There Dump That Franchise Operator”