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?”
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”
People value their time. Unfortunately, most bosses don’t. In fact, a recent study by Ernst & Young found that two of the top five reasons why workers quit their jobs are a lack of flexibility and having to work excessive hours.
So does owning a franchise come with flexibility?
If you are fed up with a lack of flexibility in your current career, then franchising could be a great option for you. Here are some examples to help answer that franchising FAQ.
Continue reading “Franchising FAQ: What Kind Of Flexibility Comes With Owning A Franchise?”
Phil Brunet II is a builder. For more than two decades, the Ohio resident worked in the retail construction field as a partner in a general contracting business. However, he recently realized that, while he loved what he did, he wanted to do something with the people he loved.
“I wanted to start a business with my family, something we could all do together and contribute to,” he said.
Along with his wife, Linda, and their son, Phil III, the older Phil began searching for opportunities.
Ultimately, he was drawn to the dumpster rental industry, as he knew from firsthand experience that the companies operating in his area were offering poor customer service. He could do a better job, and he could make a lot of money doing it. Continue reading “Franchise Operator Spotlight: Starting A Franchise With Family”