Exploring franchise ownership while managing a full-time job can be both exciting and overwhelming. Many aspiring business owners find themselves juggling their current responsibilities while trying to research opportunities, evaluate options, and make one of the most important decisions of their ...
Read MoreIt’s true that owning a franchise involves paying several fees to the franchisor. But before you decide it’s too much, let’s break down these fees and understand what they cover, so you can assess the value they bring to your franchise business.While the list of fees may initially seem like a ...
Read MoreAccording to the Small Business Administration (SBA), more than half of all new businesses fail within their first four years of operation. In contrast, over 85% of new franchises survive beyond six years. While no business venture is guaranteed success, these statistics highlight that franchises ...
Read MoreYou’re on a roll! You’ve done your due diligence and are serious about finding your dream franchise.Now comes the critical step—choosing the right franchisor. This is more than just a business investment; it’s a long-term partnership. Just as you’re evaluating franchisors, they are also assessing ...
Read MoreYou’re interested in becoming a franchise business owner but aren’t sure where to start.This series will walk you through the process—from identifying your personal and financial goals to exploring franchise opportunities, conducting due diligence, and ultimately selecting the right franchise to ...
Read MoreCongratulations! You’ve defined your vision as a business owner. Now, it’s time to find franchise opportunities that align with your goals.This stage of the journey can be exciting—until it becomes overwhelming.With thousands of franchise options and no single source for all the information, the ...
Read MoreIf you’ve ever explored franchise ownership, you’ve likely noticed that nearly every franchise requires an upfront franchise fee. But why do franchisors charge this fee, and what do franchisees actually get in return? Let’s break it down.What Is a Franchise Fee?A franchise fee is a one-time, ...
Read MoreRecently, when chatting with a fellow former Sandler franchise owner we talked about what business characteristics were important to each of us. Hers was to have a business that represented who she was and gave her control over the way it was run. So, when a franchise consultant ...
Read MoreWhen exploring franchise ownership, clarity on your role matters: Do you want to "buy a job" or "buy a business"? While the terms might sound similar, they represent two distinct approaches, each with unique roles, goals, and responsibilities.💼 Buying a JobThis approach is about generating ...
Read MoreYou want a new job with more control, so you begin to search for franchise ownership opportunities. Swapping a job for a business isn’t a quick fix.Here’s why it's not for the faint of heart:👉 Business ownership isn’t a 9-to-5 with a boss and a guaranteed paycheck. It’s a ...
Read MoreNot everyone can successfully own and operate a franchise. It takes that special someone who has an entrepreneurial spirit and likes to color within the lines. 1. Proven Business ModelFranchise systems are built on business models that have been tested and refined over time. ...
Read MoreI often hear people say, "I want to buy a franchise." The reality is, you can’t simply buy a franchise like you would a house. While there are similarities, such as determining your investment level and location preferences. You don’t make an offer and hope that it’s accepted.Once you ...
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