A well-planned franchise Discovery Day benefits both franchisors and franchisees. It should be educational, intriguing, and exciting.  A franchise discovery day is an essential aspect of learning about new business opportunities. And, if investors are going to spend their time, money, and effort in a business, it is critical that both they and their franchisor […]

The stigma has been – Life in the corporate world is difficult. The hours are long, and traveling is stressful. However, these challenges become inspiration and dreams for entrepreneurship and balancing work and family life. Franchises, like any other business, are quite demanding. However, they have appealing advantages since franchises have allowed women to make […]

You are not alone if you are a veteran considering purchasing a franchise. Veterans own thousands of franchises, and the U.S. Department of Veterans Affairs supports franchise ownership as an option for former military service members and officers interested in starting their own businesses. The VetFran Program of the International Franchise Association (IFA) Participating franchisors […]

Fear of failing is the most common concern I encounter among franchise prospects. Fear of failing can paralyze us and flood our imaginations with worst-case scenarios. These irrational concerns impede our capacity to progress and become the finest versions of ourselves. The difference between emotion and logic is stark and profound. The majority of our […]

For decades, we have all been familiar with fast-food chains, like burger spots, pizza places, sub shops, and other eateries. But, for those unfamiliar with franchising, the term franchise has become synonymous with the drive-thru window. However, the possibilities extend far beyond fast food for people wishing to become their own boss by investing in […]

It’s no secret that multi-unit ownership is very popular in the franchise market. However, did you know multi-brand ownership is a fast-growing subset of the multi-unit ownership space?  More and more franchisees are diversifying their portfolios by investigating different franchise brands that complement their present franchises. There are several significant benefits to cross-brand franchising. Protecting […]

Multiple revenue streams are important in any franchise. They offer a tried-and-true method for an owner to decrease risk and generate more predictable cash flow from several sources, rather than depending on a single, traditional product or service. With multiple revenue streams, franchisees have the ability to reach the same loyal customer more often and […]

In the corporate world, nothing is certain. That’s why you can keep working as you begin the process of starting your franchise and building your business. Keeping your full-time job will provide you with income to tide you over until your franchise becomes profitable. It will also be beneficial to have more monthly income from […]