franchise starting

10 Required Steps: How to Research a Franchise

in Investment
franchise research

Doing Your Homework Ahead of Time Leads to Greater Business Success

If you’ve been dazzled by the notion of franchise success, and it does offer greater success than a stand-alone business, don’t make the mistake of thinking it’s easier.

You still have to work hard to get your franchise business up and running. Of course, you’ll have your franchisor there to help you from the get-go.

But when it comes to buying a franchise, you’re on your own.

Here are 10 questions to help you determine which franchise might work best for you. Keep Reading

8 Reasons Franchising Is Growing

in Investment
Franchise report 2017

Economy Pushes Mid-level Managers into Owning Their Own Businesses.

Franchising is a growing industry for good reason.

With a higher success rate and proven plans, franchise businesses allow would-be entrepreneurs to achieve their dreams.

The news media is filled with stories of a slumping economy and businesses that are struggling. But those stories miss the boom that’s happening in the franchising industry, which has shown growth regardless of the economy.

According to the International Franchise Association, the Franchise Industry Output expanded by 35 percent between 2008 and 2016, from 696 $Billion to 944  $Billion.

Keep Reading

How Much Money Is Needed To Start a Franchise? Make Sure Capital Expenses Last Through Start-Up and Beyond

in Business Financing
how to start a franchise

But most franchisors will provide a suggested range of money to cover start-up costs, plus working capital.

Remember, though, these are only estimates, intended to provide a ballpark.

That doesn’t mean that it can be relied on to the penny. Just as you do with a home remodel, add additional money onto this plan to cover anything unexpected because the unexpected will happen. Keep Reading

Go to Top