The right credentials can help you determine whether a Franchise Consultant is qualified to meet your needs, but there are other factors to consider when selecting a Franchise Consultant. An introductory call is usually the first step in connecting with a Franchise Consultant. Consider the qualifiers listed below as the call progresses. First impression: Does […]

The development of side businesses is arguably one of the most fascinating current business topics. Whatever you want to call it: the gig economy, micro-business, passive income, or a side business. Approximately 42% of these people also have a day job. When you consider how our working environment has evolved, the news isn’t all that […]

How do you know which franchise is right for your investment? With so many franchise brands and industries to choose from, the options can be overwhelming. Even though opening a franchise is primarily about making money, where would you rather spend your time if you had a choice? Making money for yourself or someone else? […]

Discovery Day is a critical step in the due diligence process, whether you’re a seasoned franchisee or just starting out. I’ve attended several Discovery Days (DD) and compiled this list of what to do and what not to do. Do: Prepare Yourself Do your research on the brand. First, attend all calls with the brand […]

Franchising is a popular option for entrepreneurs pursuing business ownership. However, franchising and start-up businesses are two distinct concepts that share many aspects while also having significant differences. Many aspects of the start-up model are shared by franchising. For example, both involve businesses that sell goods or services, and the start-up owner or franchisee is […]

Finding out how much money you need to invest is an important step in the franchise research process. Here are my top six financial questions to ask when considering purchasing a franchise: 1. What kind of revenue can I expect from this franchise? Many factors will influence the answer. A range of incomes may be […]

When considering business ownership, it’s common to have competing voices in your head. “Go for it!” says one. “It’s too risky,” says the other, louder voice. Fear takes over and causes paralysis. With any major life change, fear is normal. But do you want fear to make decisions for you? How do you make it […]

Many people believe that in order to buy a franchise, they must be an expert in the field. This is not true. One of the best aspects of franchising is that you can be successful without knowing anything about the industry. All you need is some managerial experience and business knowledge. There are numerous franchise […]

1. The Sunday ScariesEvery Sunday night, you have that sinking feeling that the workweek is right around the corner, and you dread it. And you begin to consider starting your own business. Why not a franchise business? 2. You’re Stressed Out In A Bad WayA little stress can go a long way, but too much […]