One of the first budgets that most businesses slash during tough economic times, is their advertising budget. This may make perfect sense as businesses seek to reduce their spend as their cashflow is tight and revenues decline. But does this make perfect sense or is it short-sighted? 2020 has been an incredibly tough year […]
Franchising your business can be a rewarding experience when done right Many business owners dream of seeing their business grow and scale over time – not just for their own fulfillment, but in the hopes of eventually selling that business and turning in a worthwhile profit. To make that happen, you’ll often need a lot […]
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 […]
Working from home is the new norm in the Covid-19 pandemic that we are experiencing world-wide. Heck, it even has its own abbreviation WFH which everyone probably knows what it stands for now. There are many work from home franchise opportunities and here are some of the benefits if you have the discipline that […]
Think you’ve got what it takes to make it as a franchisee? Are you sure you’ve got the skills to pay the bills? To make sure, we’ve compiled a list of 10 attributes a good franchisee will foster and develop over the years. Energy Franchisees need to bring a lot of energy to the job. When […]
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 […]
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 […]
What’s better than buying a franchise? Could it be investing in an existing franchise for sale instead? There are many reasons why this could be the right decision for you. After all, when you start a franchise business, you’re bringing a brand, product or service to a new area. The company may have successful franchises […]
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 […]
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 […]
