Between improving your work-life balance, building something for your family and earning a lot of money, starting a franchise is a great way to enhance your future. However, once you start out, there may be some unexpected roadblocks that get in your way.
To help you steer clear, we took this popular franchising FAQ to our franchisees from throughout the United States and Canada and asked them to take a look back into their pasts and tell us what they would do differently if they could start over.
Here are their top franchising tips: Continue reading “Franchising FAQ: What Would You Do Differently If You Had To Start Over?”
Greg Green has lived in Anchorage, Alaska for more than 40 years. Over that time, he’s built strong relationships, a great life and a few successful businesses. In fact, in a sporting goods chain with more than 600 franchise locations, Greg’s store consistently had the best sales figures.
Despite the strong sales numbers, after a few years, Greg wanted to get out from behind the register.
“It was just time to move on,” he said. “It was eating me up a little bit, so I went back, sold it, and took a little bit of time off. I eventually went to work in the oil fields.”
Ten years later, after a decade of hard, backbreaking work in the Alaskan oil fields, Greg again sought a change of scenery. This time, he had two requirements — he wanted more flexibility, and he wanted to be part of a franchise.
He found both with Bin There Dump That and, in 2013, he started Bin There Dump That – Anchorage. Continue reading “Franchise Operator Spotlight: Finding A Flexible Career Path In Alaska”
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”