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”
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”
At Bin There Dump That, we know that we have a great product and an unbeatable service model. However, in order for our franchisees to thrive, their potential customers need to know it, too — and a successful franchise marketing strategy is essential to making that happen.
But how can you create a strategy that works for you? To find out, we asked our own franchise operators from throughout North America to weigh in.
Here are the top franchise marketing tactics that helped them grow their franchises, and that you can use to grow yours. Continue reading “Franchising FAQ: What Franchise Marketing Tactics Helped Grow Your Operation?”
Eighty percent of businesses fail within the first five years. However, the success rate for franchises is markedly better, with a recent study uncovering that only 15 percent of franchises go out of business during this same time frame.
Franchise operators clearly enjoy more success during their formative years than independent business owners. But why?
A big reason is because of the training that they receive. Whereas entrepreneurs and independent business owners must figure out everything — marketing, financing, sales strategies, hiring, etc. — on their own, franchisees receive the guidance and direction they need to get their operations up and running as quickly and profitably as possible.
At Bin There Dump That, we recognize the important role that training plays in preparing our franchisees for success. If you’re interested in becoming a part of our team, we want to take this time to prepare you for our training program.
Here’s a look at some of the franchise training you can expect to receive: Continue reading “Franchising FAQ: What Type Of Franchise Training Can I Expect To Receive?”