Archive | Franchising

How (and when) to franchise your business

When determining whether to move forward with franchising your business, your ability to commit to the process outweighs all. Independently-owned businesses weighing their growth and expansion options would be remiss in not exploring franchising as a means of scaling their concept. That being said, franchising isn’t a realistic means of expansion for every business. Entrepreneurs […]

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What’s it like to own a Franchise?

Owning a franchise is a shortcut to business ownership. But what’s it like to be a franchisee? Here’s the good, the bad & the ugly side of being a franchisee Do you fancy owning your own business? Are you wondering what’s like to be a franchisee? Wonder no more. Yes, owning a franchise can be […]

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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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