Taking the time to examine all facets leading up to your franchise purchase will not only bring peace of mind but will also put you on the fast track toward business success.
Anyone considering a franchise business has a number of questions that must be asked and answered. One of the most important is whether to [...]
Your leadership qualities should guide your franchise choice, but don’t move forward until your personality traits and interests are considered either.
Despite the country’s economic woes, which are expected to continue well past 2010, the 3,000 established franchise brands in the United States continue to grow the number of business units sold to franchisees, in large [...]
In 1978, Judy and Floyd Anderson crammed their four daughters into the backseat of their family car and headed west from Buffalo, N.Y., to Phoenix, Ariz., with not much more than a dream. Sharing a passion for food and people, Floyd and Judy believed that a restaurant would allow the family to work together. Today, [...]
Read more »Dave Moore, Taco Del Mar’s master developer for Arizona, knows the chain’s franchisees have been frustrated with him. He won’t hesitate to make them wait months after their initial investment in the search for the right location.
“If we pick a bad location, no amount of hard work or marketing can overcome that mistake,” he points [...]
Retiring after many years in the military offers one immediate benefit that may be more daunting than imagined for the prospective franchisee: Where to live and work. Until becoming a civilian again, it is not a personal choice for military personnel.
But deciding where to live – and, more importantly, where to open a new business [...]
“Must be able to set goals and objectives, contribute vision and ideas, demonstrate leadership and decision-making skills, have exceptional communication abilities, and be proven in networking and team building. Budgeting skills mandatory, as well as being able to cultivate a positive culture that fosters well being, balance, and productivity.”
At first glance, this reads like a [...]
You’ve heard the shocking numbers about the failure rate for home-based businesses: One statistic says 97 percent – including franchises – will fail. Another says 90 percent, and yet another, 30 percent.
Therein lies the first problem. The data is both contradictory and unaccountable, according to business development specialists. In fact, failure doesn’t always mean failure, [...]
The question most military personnel just coming out of the service face is whether to jump directly into franchise ownership or wait, saving money to help finance the venture while gaining civilian business experience. And, if the latter, how long is long enough?
“To be a successful franchisee, you really have to want to go into [...]
There’s a lot of confusion about a product format franchise model, starting with its definition. Even well-respected consultants in this industry describe the term as a retail business selling products rather than a service.
They have it half-right.
Franchise.com’s Glossary of Terms explains product format franchises as “the ability to sell a particular company’s product that does [...]
Signing a lease contract used to be a rather one-sided affair, and the franchisee wasn’t the one in control. That’s no longer true – but you still don’t hold all the cards.
Since the beginning of real estate, the advice on securing your franchise’s success has boiled down to the redundant “location, location, location” mantra.
In 2009, [...]
Recent Comments
stacy_mcdaniel said:
Great story! I love Lake Ouachita. It is a beautiful place. My family went camping there last summer. We had a blast. Hoping we can go back soon....
Rhonda Carpenter said:
Mr. Abernaffee, thank you for pointing out this factual error. A thorough review of the laws clearly distinguishes the two. As editor, I...
Rick Abernaffee said:
Mr. Loudermilk’s statement is wrong. Public Law 106-50 mandates 3 percent of prime contract dollars be spent with Service-Disabled,...