The difference between the franchisor and the franchisee is often confused. They are not the same thing, and though they work closely to ensure the success of a franchise, their role is very different. Without a franchisor, there can be no franchisees. And without...
Training is an essential component to any successful franchise, but there is such a thing as too much training. Over-training your franchisees can waste time and money, and leave them feeling frustrated and overwhelmed. So how do you know how to get the most out of...
Your business is established and you have expanded into a franchise successfully. This is great news and often enough to make a business owner want to grow their franchise. After all, if something works a few times, why would not it work several dozen or several...
Licensing and franchising are sometimes used to mean the same thing, but there are differences. Determining the amount of control you want to have in a business is the key to choosing whether licensing or franchising is the right option for you. First, it’s important...
Looking to build a successful franchise with potential franchisees clamoring to be a part of your vision? These five secrets can help you achieve your goal! Have a Strategy, Use Long-term Thinking If you are an in-the-moment person, you already know how tough it can...
Those looking for franchisees should listen up! Things are different today than they were in the 1990s when it comes to franchising, and understanding how and why is an important part of your success running a successful franchise and growing your brand. And much like...
If you have ever thought about turning your business into a franchise, or you are currently an owner who wants to grow a franchise, there has never been a better time. Franchising is a proven business model. If you have a desire to expand, a need for capital to fuel...
You have made the decision that franchising seems like the next best step. There are definitely challenges, but it can be an exciting step in the growth of your business. Properly preparing and receiving appropriate counseling can make all the difference when it comes...
Franchising is a great way to grow an existing business, but you need to first understand what it will cost before moving forward. Keep in mind every business will face different costs, which is why there is so much to consider when making your initial decision. In...
Each year, smart and ambitious business owners across the country consider franchising. They want to scale their businesses. They want to grow. They want more financial freedom. Unfortunately, many never get beyond daydreaming about franchise development. Maybe they...
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