Ready to Buy a Franchise? Not Until You’ve Interviewed Some of their Franchisees

Latest News
  Thinking about starting your own business by buying a franchise? The good news is there are a lot of people with pertinent information to share. And, as anyone of them would tell you, good preparation is key to success. Your best resource bar none are the company's current and, yes, former franchisees. They offer the best information on what it's really like to run that business, and their perspective is so valuable because they're most likely to give it to you straight. By contrast, when you call a franchisor, you may be talking to a salesperson on commission who will tell you only what will make his company look like a great deal. So for a more accurate picture, talk to the franchisees, the more the better. Get a…
Read More

Important Pointers for Buying a Franchise

Latest News
You’ve got your mind set on what seems like the perfect franchise, and you’re already dreaming about your future life as a successful business owner. Sound familiar?  Before you get out your checkbook, you need to ask yourself if you’re really prepared. Have you talked to: •          A franchise coach •          Franchise companies •          Franchisees •          An accountant •          A franchise attorney Sound like a lot? Not when you consider the importance of this decision, the commitment of time and money. Because once you take the leap, you and your money are on the line. There will be no one else to pick up the slack when you feel like slinking away. First, let me say that I think a franchise is a great way to get started in business.…
Read More

Shopping for a Franchise? — Stay Away from the Next New Craze!

Latest News
Cupcakes are all the rage these days in franchising, and while they make a pretty window, their long-term appeal may be fleeting. Frozen yogurt is also making a strong comeback after almost disappearing some years ago. But it doesn’t take much to saturate the market, and you know it’s a fad when it fizzles out fast. What’s hot and what’s not may be a typical headline on a fashion spread, but you probably want to stay away from fads when it comes to franchises. Sort of like the flavor of the month, when folks get tired of it, they stop buying. A better focus is to pinpoint what people need. After all, people are not likely to buy specialty cupcakes on a regular basis or continue buying frozen yogurt when…
Read More

Sick and tired of your job? Try our Entrepreneur’s Checklist

Latest News
If you're one of the 90 percent of Americans employed full time by someone else, chances are you're not feeling much satisfaction at work. Some of you are stuck with a boss who makes your lives miserable, while others may be merely bored or vastly under appreciated. Only 30 percent of Americans are actively engaged in their jobs, according to a recent Gallup report, State of the American Workplace. Not only does being unhappy at work lead to a whole range of obvious complaints, it can also take a toll on your health, the survey reported. One way to improve your situation is to strike out on your own. So how do you know if you've got what it takes to run your own business? Just like most things in…
Read More

How A Laid-off Comcast Business Manager Made it Big with a Franchise

Latest News
When Bryant Greene was laid off from his job as a Comcast business manager at the start of the Great Recession, he knew it would be tough, but, still young in his late 30s, he had a lot of confidence that his resume, including an MBA, would help him land on his feet. Six months later, he was discouraged by his lack of success in the job market. As the recession raged on in July 2009, he headed off to a “diversity job fair/pink slip party,” where he noticed Comcast had the largest booth and a long line of would-be employees. Then he turned around to hear the question: “Have you ever thought of owning your own business?” “Who would start a business in the middle of a recession,” replied…
Read More