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?”
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”
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”
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”
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”
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?”
Mike and Julie Paradise had spent their entire careers — and most of their lives — in the corporate world. However, the Northern Massachusetts couple unexpectedly and abruptly found themselves out of that world and on the job market.
“My husband and I were both corporate,” Julie explained. “But, for one reason or another, we both found ourselves not corporate anymore.”
They explored all avenues in their job search, but one path in particular kept coming up time and time again.
“During the job hunt, Bin There Dump That kept coming up as an opportunity,” Julie said.
Intrigued by what they read online and in reviews, the couple began doing their homework, and Bin There Dump That quickly made their grade.
“We investigated, and it seemed like a good fit for us going forward in order to take control of our future and not be dependent on corporate anymore,” Julie said. Continue reading “Franchise Operator Spotlight: From Corporate World To Franchise Ownership”