Franchising FAQ: How Did You Educate Yourself About Starting A Franchise?

serious research comes before starting a franchise Do you want to start your own business and be your own boss? If so, you’re not alone. Nearly 40 percent of workers want to start their own companies, according to a report by the University of Phoenix Business School.

The good news is, many aspiring entrepreneurs will make this goal of business ownership a reality. The bad news, however, is that 80 percent of those that start an independent businesses will fail within five years.

That’s why many people are pursuing a different path and starting a franchise instead. In addition to the fact that franchises enjoy a much lower failure rate (just 15 percent of franchises fail within the first five years), there are many other distinct advantages of franchising.

If you want to own your own business, starting a franchise could be a great choice for you. However, you need to choose the right franchise in order to be successful. That’s why doing your homework and educating yourself about the different options in the marketplace is so important.

To help you do just that, we asked our very own franchisees to share their tips for researching franchise opportunities. Continue reading “Franchising FAQ: How Did You Educate Yourself About Starting A Franchise?”

What’s In A Name: How A Catchy Franchise Name Can Help You Cash In

There are a lot of notable names on television. On Thursday, October 8, Bin There Dump That became one of them.

The hosts of Good Morning America highlighted their favorite “punny” business names in the United States. Of more than 1,900 companies identified by Atlas Obscura, Bin There Dump That was one of only four to make Good Morning America’s list in a segment called Pop News.

In the following, we take a closer look at the business benefits of a great brand name. Like Good Morning America host Lara Spencer said, “A little punny business never hurt anybody… It makes you smile.” Continue reading “What’s In A Name: How A Catchy Franchise Name Can Help You Cash In”

8 Important Questions To Ask When Evaluating A Franchise

asking the right questions are critical during the franchise vetting processIf you are searching for a career option that will provide you with enhanced work-life balance, great earning potential and a whole host of other benefits, then becoming a franchise operator may be the answer to your needs.

However, before you buy into a franchise, you’ll need to ask the right questions in order to pick the right franchise for you.

To help you do just that, here are eight critical questions to ask when evaluating a franchise. Continue reading “8 Important Questions To Ask When Evaluating A Franchise”

Franchise Opportunity: 4 Reasons Why BTDT’s 100th Truck Celebration Matters

For a franchise, the company’s reputation and the brand’s recognition are vital to success.When Bin There Dump That founder Mark Crossett revved up the first truck in the company’s history back in 2001, little did he know that he would be starting more than a vehicle — he was starting a blueprint for success.

Continue reading “Franchise Opportunity: 4 Reasons Why BTDT’s 100th Truck Celebration Matters”

6 Of The Best Business Resources For Small Business Owners

there are many business resources available for small business ownersRunning a small business is no easy task. That’s because, as the head of your own company,  everything — funding, marketing, hiring and, of course, growing — falls squarely on your shoulders. Fortunately, there are resources available that can help lighten your load — and your stress levels — considerably.

Unfortunately, many new small business owners don’t know these resources exist.

To make sure you don’t miss out, we’ve compiled this list of the six best business resources for small business owners. Continue reading “6 Of The Best Business Resources For Small Business Owners”

8 Common Mistakes When Investigating Franchise Opportunities

There are more than 1,500 franchise systems in North America, but not all of them are right for you. In order to make the best choice, you need to make sure to avoid these common mistakes when investigating franchise opportunities. We’re here to help you do just that. Continue reading “8 Common Mistakes When Investigating Franchise Opportunities”

4 Reasons Bin There Dump That Is A Top Franchise For Veterans

Bin There Dump That is veteran-friendly franchise brandEvery day, the men and women of the military proudly and bravely serve their countries. When their time in the service is over, they deserve a career that serves them just as well.

At Bin There Dump That, we offer just such an opportunity, making us the perfect choice for veterans looking to go from enlisted to entrepreneur. Here are four reasons why a Bin There Dump That franchise is an excellent business opportunity for veterans. Continue reading “4 Reasons Bin There Dump That Is A Top Franchise For Veterans”

4 Reasons Why Franchise Territory Exclusivity Is Important

territory exclusivity gives franchisees peace of mindAny franchisor can accept a franchise fee. But when investing in a franchise, you shouldn’t accept anything less than a great return on your investment. Along with the rights to use the franchise name, you should also seek out a franchise group that offers a strong business model, an experienced franchise management team and a track record of franchise operator success.

Lastly, one of the most important — and valuable — things to look for when selecting a franchise is territorial exclusivity. Continue reading “4 Reasons Why Franchise Territory Exclusivity Is Important”

What Is The Role Of The Franchise Management Team?

leadership from your franchise management team can help grow your franchiseRunning your own business requires a lot of hard work. However, as the head of a franchise operation, you’ll have access to a team of experts who can make it a whole lot easier.

In fact, one of the biggest benefits of franchise ownership versus starting an independent business is the fact that you can leverage the experience and input of a franchise management team.

But how can a franchise management team help, and what, exactly, do the people on that team do? The truth is, it depends on the franchise group that you join. That’s because the structure of the team can vary widely, as can the qualifications of its members and the levels of support and guidance it provides. That’s why it is so important to select a franchise group with a tenured, experienced and active management team in place. Continue reading “What Is The Role Of The Franchise Management Team?”