Archive | Franchising

A positive attitude equals Franchise success

  ATTITUDE is an extremely complex word but by simple definition, it means a way of feeling or acting toward a person, thing, or situation. There is no doubt that the Covid-19 pandemic has created tough challenges for the franchise industry, but opportunities also exist as franchisors look to franchise new innovative concepts or diversify […]

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Criteria for Franchisability

12 Criteria of Franchisability While it is impossible to determine the franchisability of a business concept without a significant amount of analysis, the iFranchise Group has identified a series of 12 predictive criteria that assess the readiness of a company for franchising and the likelihood that it will achieve success as a franchisor. Credibility To […]

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Do entrepreneurs make good Franchisees?

  This is a question that I am often asked and to be honest, there is always a lot of debate about this interesting aspect. Let’s first look at the definitions of an entrepreneur and a franchisee. An entrepreneur is an individual(s) that develops a concept and manages a business venture to gain profit by […]

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What to know before you buy that Franchise

  The most common misconception about a franchise is that it’s a “business in a box,” but in reality, a franchise is far from a pre-packaged business. In fact, it’s only a contractual agreement between a franchisor and a franchisee, or a big company and an individual (you!). Aside from the basics, everything else is up to […]

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The Pros and Cons of buying a Franchise

There is an obvious appeal to starting a business by buying a franchise. Whereas starting a business often comes with a lot of unknowns, a franchise is proof of a successful model already in motion. That doesn’t mean that buying a franchise equals instant and sustained success. In fact, the mythical “statistic” that says that […]

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