If you are new to the world of franchising, you may be surprised to learn how rigid and inflexible the franchise “rules” can be. It seems inconsistent with a business format that is praised as an avenue for creativity, entrepreneurship and the potential for rapid cost effective expansion. A great example of this is the […]
Finding the Best Franchise: A Franchise Is What It Says It Is
Before you start looking for a franchise to buy, think about why you think you want to buy a franchise opportunity in the first place. What benefits do you expect to receive from a franchise that are more or better than what you could gain from starting a business on your own? While federal […]
Saying It’s Not A Franchise Doesn’t Change Things
Whether buying or selling, there are two schools of thought: 1. Being a franchise is good; or 2. Being a franchise is bad. Why good? It has become a more understood method of expansion. It is true, you can grow a business using other people’s money. You can buy a “proven” concept with support and […]
Franchisors Beware
Last week an online article was published about McDonald’s aggressive actions to stay ahead of consumer trends by being willing to continually implement both change and innovation. These are attributes that can certainly benefit small businesses and franchised businesses as well, and I applaud the general idea. However, if you read further into the […]
