When it comes to running a franchise, you can build the best staff, maximize your marketing and craft a captivating business plan; but if you are stuck in a failing industry, then your business is likely to fail as well despite your best efforts.
That’s why it is so important to not only investigate and choose the right franchise for you, but to investigate and choose the right franchise industry as well.
And while there are thousands of different franchises in hundreds of different disciplines, there is one particular industry that offers distinct advantages for aspiring franchisees — the home services industry. Continue reading “4 Reasons To Consider A Home Services Franchise Opportunity”
There are many reasons why starting a franchise could be the right move for your career. However, even the most successful franchisees can have something unexpectedly go wrong, and that’s why having the proper business insurance products is so important.
Here are six types of insurance for franchisees that should be on your radar in order to keep you protected. Continue reading “Starting A Mobile Franchise? 6 Types Of Insurance For Franchisees”
Starting a franchise business can be an incredibly exciting endeavor. However, if you are not familiar with some common franchising terms, it can also be quite confusing. That’s because the franchise industry has its own jargon and phrases, and it can seem like a foreign language to those who are new to the industry.
Continue reading “Franchise Glossary — 25 Franchising Terms Entrepreneurs Must Know”
You just pulled out a new calendar — 2016. With the new year only a few days old, did any resolutions happen to come with it? Maybe changing careers? Starting a franchise?
To help you make the right decision, here is our list of 10 tell-tale signs that you should hightail it out of your current job and get a new career in the New Year: Continue reading “10 Signs It’s Time To Change Careers In 2016”
Thinking about starting a franchise? Well, there are nearly 800,000 for you to choose from, and checking them out one by one online can take quite awhile. A better approach — and a better use of your time — would be to get to know hundreds franchise options at your disposal in person and all in one place.
That’s exactly what you can do at a franchise convention, where you can meet face to
face with leaders of different franchise groups and get the inside scoop on franchising trends, best practices, tools and tips.
With the calendar getting ready to flip to a new year, now is the perfect time to book your trip to one of these top franchise events in 2016. Continue reading “Top Franchise Expos, Conventions And Conferences For 2016”
Ann and Martin Wierengo know quite a bit about service. Martin was a member of the U.S. Armed Forces for nearly 20 years, while Ann still works at a nonprofit child welfare agency that supports young people in need.
Perhaps, then, it is no surprise that the couple has leveraged their position as owners of Bin There Dump That – Fort Myers to serve their community once again. Continue reading “Franchise Operator Spotlight: Serving The Community In Sunny Southern Florida”
It is imperative to educate yourself before starting a franchise. However, your education can’t end after the business begins. It’s important to continually sharpen your skills and expand your knowledge in order to remain ahead of the curve — and your competition.
That’s why we put together this list of the best continuing education resources for small business owners. Check them out and let your learning begin. Continue reading “Franchising FAQ: What Are The Best Continuing Education Resources For Small Business Owners?”
Between improving your work-life balance, building something for your family and earning a lot of money, starting a franchise is a great way to enhance your future. However, once you start out, there may be some unexpected roadblocks that get in your way.
To help you steer clear, we took this popular franchising FAQ to our franchisees from throughout the United States and Canada and asked them to take a look back into their pasts and tell us what they would do differently if they could start over.
Here are their top franchising tips: Continue reading “Franchising FAQ: What Would You Do Differently If You Had To Start Over?”
Greg Green has lived in Anchorage, Alaska for more than 40 years. Over that time, he’s built strong relationships, a great life and a few successful businesses. In fact, in a sporting goods chain with more than 600 franchise locations, Greg’s store consistently had the best sales figures.
Despite the strong sales numbers, after a few years, Greg wanted to get out from behind the register.
“It was just time to move on,” he said. “It was eating me up a little bit, so I went back, sold it, and took a little bit of time off. I eventually went to work in the oil fields.”
Ten years later, after a decade of hard, backbreaking work in the Alaskan oil fields, Greg again sought a change of scenery. This time, he had two requirements — he wanted more flexibility, and he wanted to be part of a franchise.
He found both with Bin There Dump That and, in 2013, he started Bin There Dump That – Anchorage. Continue reading “Franchise Operator Spotlight: Finding A Flexible Career Path In Alaska”
Franchise territory exclusivity is one of the most important factors to consider when researching a potential franchise.
That’s because having a protected, generous and clearly defined territory will ensure that you won’t have to compete with fellow franchisees for customers; that your staff will remain loyal; that you will control the reputation and perception of your brand in your area; and that you will have an easier time getting franchise funding.
Now that you have an idea of why franchise territory exclusivity should be a determining factor when considering investing in a franchise, it’s equally important to understand how franchise systems actually determine their territories.
That’s because territory size and scale can vary widely, and you want to make sure that the franchise you select recognizes offers territories that are designed with you and your goals in mind. Here is a closer look at an answer to a common franchising FAQ: How are franchise territories determined? Continue reading “Franchising FAQ: How Are Franchise Territories Determined?”