Starting a Business? Control Your Risk with a Franchise??

Latest News
So you want to start your own business but don't know where to start? Maybe you're concerned about risk, lack of experience in the specific business that caught your fancy or are nervous about blazing an entirely new trail.  For the thousands of folks looking to gain control over their working lives each year, a franchise offers some compelling advantages. For one thing, instead of beginning your research by talking to people operating a similar business, you can learn the ins and outs from people in the very same business. A franchise operation offers a veritable network of support, plus a treasure trove of statistics and operating history is available to give you a leg up in the marketplace. By contrast, when you start an independent business, you must invent…
Read More

Financing a Franchise May Be Easier Than You Think

Latest News
Perhaps the most essential building block to starting a new business is sufficient capitalization. So what are the best ways to ensure you have enough money to start and run your business until you begin to earn a profit? Preparation must come first, so by the time you sink any money into your new business, you will have completed your due diligence and set a solid path to success. This includes extensive research into your future business, including interviewing many people along the way to help you settle on a business that best matches your skills, experience and interest. If, like many budding new business-owners you select a franchise, you will have consulted a franchise coach, an accountant, plus the many experts with the franchise company, trained to help you…
Read More

Wondering When the Profits Will Start Rolling In? Find Out Before You Invest in a New Franchise!

Latest News
Wondering When the Profits Will Start Rolling In?  Find Out Before You Invest in a New Franchise! So you've selected a franchise and have your initial investment capital saved and now you want to know: How much money will I make? To answer the question you'll need to weigh your costs against expected potential revenues. The beauty of a franchise is you actually have a good shot at figuring all these numbers out. Between the financial disclosure document (FDD) and information available from existing franchisees, you can get a good feel for expenses, as well as potential revenues, so long as you factor in differences related to location, local market and, not to be forgotten, the range of talents and experience individual franchisees bring to their businesses. Why is it…
Read More

Want to Buy a Franchise: Learn to Navigate the 23 Steps to Success

Latest News
Want to Buy a Franchise: Learn To Navigate the 23 Steps to Success Twenty-three? That's the number of items in the Franchise Disclosure Document -your golden ticket that franchise companies are required to provide their prospective franchisees. The disclosure rules enforced by the Federal Trade Commission (FTC) give you the tools you need to choose a franchise. Once you learn to navigate this comprehensive document, you should be able to make a match that will allow you to succeed in your new business. The trick is to figure out where to focus your energy. A franchise coach can help you understand the fine print. But as you begin to peruse these documents, we recommend you focus on the following items: Item 1 - The Franchisor The very first page gives…
Read More

Are You Cut Out for a Franchise? Take the Quiz!

Latest News
  Buying a franchise is one of the quickest, safest ways to start your own business, but a franchise is not for everyone, particularly if you’re the type of person who likes to blaze your own trail. For starters, to be successful with a franchise — that is to maximize your potential earnings — you must be prepared to follow the franchisor’s system, the time-tested method the company has for virtually every aspect of its operations, including staffing protocols, an advertising campaign and store build-out plans. After working with dozens of franchisees over the years, I still see new franchisees decide they can cut corners, for example, by declining to hire enough people to cover the day-to-day responsibilities of meeting the needs of customers. The owner may decide to save…
Read More