In order to formally become a Franchisee of any franchise system, you will need to sign a franchise agreement. Franchise agreements are designed to build a stable foundation for your business and provide a framework through which it is possible to conduct business. While franchise agreements vary from company to company, each will contain some standard provisions that must be adhered to throughout the duration of the agreement, and as such they should be examined thoroughly before signing on the dotted line. Continue reading “What Do Common Franchise Agreements Look Like?”
The journey in becoming a franchise owner operator is an exciting venture. You are about to embark on a road that may lead you towards financial opportunity and a rewarding career. If you have never been an owner of a franchise, you might find yourself unsure about how the owner operator model actually works when creating your business plan. Continue reading “How Does the Franchise Owner Operator Model Work?”
A second pair of hands can go a long way in any business, which is why owning and operating a franchise alongside one or more franchise business partners can work so well. But with those benefits comes challenges. Fortunately, we are here to help! Here are some ways you can keep your relationship with a franchise business partner productive, happy and long-lasting. Continue reading “How to Work Successfully with a Franchise Business Partner”
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”