Growth can be accomplished by utilizing the capital and motivated management provided by franchises. But franchising can be a double-edged sword. Mistakes made in a faulty franchising program can turn ...
Entrepreneur magazine recently interviewed him for the article “How to Succeed in Franchising Your Business”. Below are Rowe’s six top criteria for a successful franchise business.
Turning your business into a franchise offers a way to expand while someone else bears a good portion of the risk. Kate Horstead finds out what's involved You might associate franchising with pizza ...
The single most important aspect of your business plan are the fees you charge your franchisees. Discover how to charge enough on the initial fee and royalties to make money without scaring away ...
Franchisees gain by using an existing, profitable business model, with an established brand and faster learning and economies of scale that come with being part of a network. The advantages for the ...
Market saturation, consumer trends, and the competitive landscape all play a substantial role in the viability of your business. Whether you're starting from scratch or buying into a franchise ...
Choosing your franchise model is the next step. This will depend on your goals, preferences, and resources. Product distribution is one of the most common models, suitable for consulting ...
Let’s explore the pros and cons of buying a franchise versus starting your own business to help you make the best decision. When you buy a franchise, you're purchasing more than just a business ...