According 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 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 MoreWhen pursuing financing for your franchise, understanding what the Small Business Administration (SBA) looks for in a loan application is essential. The SBA uses six key criteria to assess a borrower’s eligibility. Here's a breakdown of what you need to know as a prospective franchise ...
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