17th March, 2023-
5 minutes to read
How Much Does It Cost to Franchise Your Business?
Savvy entrepreneurs who have created their own business with a proven track record of success will be looking to expand and grow their venture to new heights. And this is exactly what franchising offers. Although the ability to earn from both your prospective franchisees’ initial investments and ongoing royalties is a great motivating factor for … Continued
- 14th March, 2023
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6 minutes to read
How to Franchise Your Service Business
If you currently run a service-based business and it has performed well over time with a proven business model, you may now be thinking about business expansion. One option you have is franchising. But with this comes the question of how to franchise a service business. Especially since service franchising, and franchising in general, are … Continued
- 7th March, 2023
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5 minutes to read
How to Buy a Franchise on a Limited Budget
As an aspiring entrepreneur, you have probably researched franchise opportunities. You know that because they offer a proven and profitable business model, this is a chance to be grabbed with both hands. However, few of us have the necessary amount of cash just lying around to make that dream a reality. But there are options … Continued
- 28th February, 2023
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7 minutes to read
How to Start Your Own Beauty Salon Franchise
Crunching some numbers, it has been estimated that the beauty industry in the UK was worth £27 billion just three years ago. Yes, the pandemic struck, but the industry is on the rise again. Why? Because men, women and children will always need haircuts alongside pampering themselves with a pedicure, a manicure or a spa … Continued
- 14th February, 2023
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6 minutes to read
How To Build a Local Marketing Strategy for Franchises
Your franchise marketing strategy wouldn’t be complete without local marketing for franchises. And there are several reasons for this. Firstly, your franchisees operate at community levels, really getting to know their customers and communities. This means that if you target your local marketing strategy for franchises, your franchise business will reap the rewards. There’s a … Continued
- 8th February, 2023
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6 minutes to read
The Importance of Local Marketing for Franchises
Here’s a fun fact: “near me” or “close by” searches have grown by 900%+ over the 2015 to 2017 period and they continue to grow. With most franchises having a physical store or location and with most customers looking for products or services you offer online, how are you taking advantage of online marketing for … Continued
- 3rd February, 2023
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6 minutes to read
How To Build a Budget for Your Franchise
A franchise budget is the cornerstone of managing your franchise’s finances and cash flow. Although numbers may not be your strong point, creating a budget for a franchise is an instrumental part of your business’ success. It’s a crucial part of your business plan before you even get started. And it’s also important. This is … Continued
- 30th January, 2023
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5 minutes to read
Understanding Franchising Return on Investment
Any franchisee candidate will want to know what sort of returns their franchise investment will yield. Of course, calculating return on investment (ROI) in the franchising industry differs quite significantly from other investments such as those related to property and real estate or the stock market. If you’re looking for more clarity on what ROI … Continued
- 23rd January, 2023
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5 minutes to read
The Hidden Costs of Buying a Franchise
Franchising is a major investment decision that will have an impact on your life for the duration of the franchise agreement. Because it can involve significant costs – depending on the franchise opportunity you choose – you need to be aware of all the franchise costs (including those that appear to be “hidden”) when determining … Continued
