Patrick Daley is no stranger to starting anew. The New Hampshire Native has relocated many times, to cities big and small throughout the United States and Canada. A seasoned veteran of the landscaping industry, Patrick eventually moved to Toronto to start his own company. His moving days were over — or so he thought.
Eight years later, Patrick sold his landscape business. While the sale gave him some financial flexibility, he quickly realized that he lost the professional flexibility that came with being the head of his own business.
“I started working for another company, and I decided that it wasn’t for me,” he explained. “I just felt like being my own boss again.” Continue reading “Franchise Operator Spotlight: A New Franchise And New Life In The Florida Sun”
Between enhanced work-life balance, a built-in support system and the chance to make a lot of money, it is easy to see why transitioning from the workforce to franchise ownership can be a great move for your career.
However, after you make the move, things can become a little more difficult. In order to achieve success as a franchise operator, the following five challenges of owning a franchise will require hard work, determination and perseverance. Continue reading “The 5 Biggest Challenges Of Owning A Franchise”
Before you invest in a franchise, you’ll need to take stock of all of the options in the marketplace to choose the one that’s right for you. But after you’ve made your decision, you’ll have yet another choice to make: how will you stock up on your franchise equipment?
There are two options — lease or buy franchise equipment. To help you make the right choice and answer the age-old question “Should I lease or buy equipment for my franchise?” we’ve broken down the advantages of both in the lists below.
Continue reading “Should I Lease Or Buy Equipment For My Franchise?”
Any 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”