Blog
5 Common Mistakes to Avoid When Buying a Franchise
Franchises are becoming increasingly popular as an option for business ownership. They allow you to start your own business while still getting the backing of an established brand and access to resources that would otherwise be difficult to obtain. However, it's...
Franchises For Retirement
Most people do not have enough saved for retirement. If that is you-read on! An October 2017 Government Accountability Office (GAO) analysis found that the median retirement savings for Americans between age 55 and 64 was $107,000. The Great...
7 Great Home-Based Franchise Categories
Work from home. Most people just dream about it. While those people are sitting in traffic, I'm enjoying a second cup of coffee by my pool. (Don't hate me I live in Florida where it is about to get very hot). I have done the commute--at one point up to 3 hours each...
Senior Market Franchises 2019
The senior business market is growing because the number of seniors is growing. By 2020 there will be over 56 million people over 65 and 7 million people over age 85. By 2050 those numbers will be 84 million over 65 will be 19 million over 85! And many of thee people...
Franchise Consultants, Cons or Pros?
Today there are more franchise consultants and brokers out there than ever before. It is a great profession and really offers a service to people looking for a franchise. Like every profession, though, some are better than...
Kid Focused Franchises
Today there are more dollars being spent on enrichment programs for kids than ever before. If you are looking for a business that does well while you are doing good, this industry could be right for you. What kinds of businesses...
5 Business to Business Franchise Ideas
Are you looking for a business that works primarily with other businesses? There are several franchise opportunities that focus on the Business to Business (B2B) market. They are great for people who prefer to work more often with other professionals. Some of these...
How To Make Franchise Validation Calls
During the Discovery process of buying a franchise, and typically after you have received the Franchise Disclosure Document (FDD), you will be given the chance to talk with current and even past franchisees. This is a golden opportunity and one that you should take...
How Much Money Can I Make?
"How much money can I make?" is the first question many people ask when they are looking at a franchise. And that answer is complicated. (It is also often not the best first question) Really, how can anyone tell you how much money you can make in any new business?What...
The Franchise Buying Process
Buying a franchise is not like buying a car. You can't walk in and say "I'll take it". The franchise buying process is about seeing if you and the business are a right fit. The process is designed for you and the franchisor to get to know each other. First you will...
5 Franchises with Discounts for Veterans
Franchises with discounts for veterans understand that veterans make some of the best franchisees. Why? They know how to follow a system, they understand that the manual is their guide to success and they know how to be part of a...
Franchises That Pay You.
Looking for a franchise that pays you? Sound too good to be true? It isn't. There are actually a few franchises that actually pay you a minimum salary or bonuses to help you get started in your first year or two. They are solid businesses with great track records, but...
4 Myths About Franchises
Myth #1 -Franchises are all about food. Sure there are a lot of food franchises out there. But there are even more franchises of other types of businesses. Everything from house cleaning to painting to hydraulic hose replacement. There are franchises that specialize...
Should I Buy a Franchise or Start My Own Business?
Should I buy a franchise or start your own business. It's a big question that people often ask. In a way it is also a little misleading. As a franchisee, you do have your own business. You just also have to follow the rules, format, branding, etc. You also have help...
Don’t Stop Thinking About Tomorrow
"If you wake up and don't want to smile, If it takes just a little while, Open your eyes and look at the day, You'll see things in a different way." Don't Stop Thinking About Tomorrow! (Fleetwood Mac) Do you bounce out of bed ready to get to the day or have you...
Franchise Funding
Franchise funding is an important topic to think about even before you thing about which franchise to buy. However, don't get too far into the weeds about it, as many franchisors will work with you on the funding if you meet all the other criteria. So what...
Fear of Franchising
I ain't afraid of no franchise! Fear of franchising comes in may forms. You may not even know it. We all have different ways of coping. There are several common fears people have about getting into business. Franchising can help mitigate them, but there are other...
Pros & Cons of Franchise Ownership
Pros and cons of franchise ownership are important things to weigh when you think about changing your life and building a business. Pros: Not in Business by Yourself Systems Experience Validation With Other Franchises Regulated by the Federal Trade Commission (FTC)...