Why We Should Encourage More Women Into Franchising
The world’s population is almost evenly distributed between men (50.42%) and women (49.58%). As such a huge force, and with their inherent talents, women are a force to be reckoned with and they require the right business opportunities to help empower them and through them, others. There’s various research on the topic of women in … Continued
What does a successful franchise model look like?
Franchising as a business model, developed more formally just over two centuries ago, although it has been in existence in less formal structures for even longer. Franchising is an excellent way for aspiring entrepreneurs to establish themselves in the business world with a strong support structure, which means that they don’t start from scratch. Instead, … Continued
How to Know If Your Business is Franchisable
There comes a time in many entrepreneurs’ lives when they consider franchising their business. But how do you know if your business is franchisable and when the right time is to make this big leap? If you were to ask a business franchise consultant, they would offer you similar advice to what we have prepared … Continued
How much does a franchise cost upfront and which one to choose?
One of the crucial factors for potential franchisees in making a purchasing decision and buying a franchise is the cost of owning a franchise. Since this is an important investment, which will depend on your levels of finance, you need to know exactly what you’re getting into. But the franchising world can seem a bit … Continued
The Five F’s of Franchise Marketing
I have been passionate about franchising for over a decade now. And this passion has led me on an unforgettable journey of working for a franchisor, being a franchisee, running a franchise marketing agency, writing my best-selling book Franchise Fame and so much more. So, why am I telling you all this? Because in this day and … Continued
How to Choose the Best Franchise Opportunity for You
As people, we are all unique. And that uniqueness translates into our individual choices when it comes to selecting a franchise to buy. Our choices may be determined by several different factors. These may include the nature of the business you’re considering buying, the financial investment you are willing and able to make, whether you’ll … Continued
Why franchise your business
Entrepreneurs who are currently running their own business may have considered the business franchise model as a method of scaling up and growing their business. Franchising undoubtedly comes with many advantages and these are discussed in more detail below. Let’s take a closer look below. Advantages of business expansion The benefits of franchising cannot be … Continued
Should I franchise my business?
When thinking of a successful franchising business, some ideas may immediately pop into your head. You may think of McDonald’s, Dunkin’, Subway, Marriott, Holiday Inn, and others. These are all examples of successful franchises. And what’s interesting about them is that these are businesses that span a variety of industries. When it comes to the … Continued
What does franchising mean in business?
The world of commerce is huge. It has gone through many transitions and transformations over the centuries but one thing that drives it is the profit motive. A business can have many forms and types. And franchising is one of these. But what is a franchise business and what does franchising mean? We take a … Continued