When you make the decision to own a business or invest in a franchise, you’ll want to shop around to find an organization that is in line with your passion and values. You’ll also want to invest in something that is sure to be successful — not only profitable, but a wonderful reason to wake up in the morning. If you are looking for a successful franchise to invest in…Read More
Current market trends and the habit of consumers choosing familiar big brands over “mom and pop” shops have created challenges for small business owners competing in industries with well-known larger establishments. Conversion franchising has become an effective strategy for both franchisors and business owners. Conversion franchising is a current hot buzzword, but wha…Read More
The sign making industry is highly competitive because a company depends on its signage. A sign is the face of a company, the first thing a potential customer sees. From in-home entrepreneurs to large industries, a sign represents a company and no one can afford for it to be even slightly weak. When you are a business owner in the sign making business, there are a few thin…Read More
When you own your own business, it requires you to hire employees and successfully manage them. To be a good business owner, you have to understand what kind of leader you are and understand the people who work for you. It is common knowledge that what works for one employee—in terms of motivation, discipline, and reward—may not work with another. The same is true of l…Read More
Remember that game we played we played as kids, Telephone? We all sat in a circle and the teacher whispered a sentence or two in the first kid’s ear and that kid whispered it in the next kid’s ear, and so on until the messaged made its way through 20 children and the last one had to say it aloud. Remember how the message had changed dramatically, every time? Each of us…Read More
Whether you craft amazingly soft quilts or churn out mouth-watering cupcakes, hobbies help us unwind and relax at the end of a crazy workday or a long week. Maybe you’ve found yourself wishing more and more that you could turn this hobby into a full-time business, but you are too nervous to take that big leap into the unknown. Being successful at a hobby requires practi…Read More
Buying a franchise is an investment for both parties. The franchisee is investing their time, money, and effort on a business they believe in. The franchisor is investing their company and brand in a business owner. The benefits of franchising are clear for both parties. Over years of franchising, some very important lessons have been learned on franchise effects on busine…Read More
In a franchise transaction, the relationship doesn't end at the point of sale. In fact, the relationship continues for the duration of the business agreement. Much like a husband-wife relationship, both contribute to the failure or success of the company. There are plenty of ways that either party can affect the relationship. Here, we will discuss a few behaviors that cont…Read More
To the new entrepreneur, a business opportunity and a franchise may appear to be the same thing.These terms are often used interchangeably, but there are significant differences you should understand. And, while technically, all franchises are business opportunities, not all business opportunities are franchises. There are many similarities, such as that both are the sale …Read More
You’re an entrepreneur looking for a business opportunity but have calculated the risks and landed at the notion that developing your own start-up business from scratch will require a lot of hard work and take time you’re not sure you have to build up your brand. The options of buying into an existing business is looking like the best route. You’ve singled out the bu…Read More