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6 Ways to Market Your Franchise Business
Marketing is one of the main pillars of success in the franchising industry. It increases brand awareness and increases the number of franchisee applicants you receive. However, this path to success requires consistency and a focused effort to establish a profitable brand and business model that others then want to invest in. Below, we discuss six ways to market your…
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Top 4 Franchise Trends for the Rest of 2020
The franchise industry saw many changes in 2019, however none like what we’ve seen so far in 2020. The oncoming of COVID-19 has shifted the industry as well as any trends predicted for the new year. Before the pandemic, the franchise industry was slated to increase by 1.5 percent to 785,316 franchise establishments. However, because of countless jobs lost and…
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Which Kind of Franchise Model is Best for You?
Congratulations! You decided to buy a franchise. Running a franchise has long been considered a popular business venture for newcomers and veteran business owners alike. In fact, the International Franchise Association reports that 4 percent of all small businesses in the U.S. are franchises. The next step in your journey is to decide what kind of franchise owner…
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Excellent Reasons Why You Should Invest in a Semi-Absentee Franchise
Semi-absentee franchise models are quickly growing in popularity as the perfect option for business owners who have smaller time availability. Those who invest can enjoy the franchising perks, which often includes unparalleled support, franchisor guidance, and a proven system. But the benefits don’t stop there. Below we share a few more benefits to buying a semi-absentee business. You Can Own…
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How to Evaluate a Franchise Opportunity
Now that you’ve narrowed down your list of possible franchise investment opportunities, the next step in your elimination process is to evaluate the brands on your list. Researching a franchise and learning the fine details before signing the contract is crucial. Armed with the right knowledge, you can make an educated decision on whether to further invest in a franchise.…
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How Has COVID-19 Changed Franchising in 2020?
It’s safe to say that no business has escaped the economic devastation brought on by the pandemic. Though some were affected worse than others, COVID-19 continues to alter our everyday lives, the consistent threat of cutting costs or closing and reopening looming overhead. Despite its many changes, franchising is a resilient business model, and many have been (thankfully) able…
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5 Ways to Grow Your New Franchise
Growing your business takes time. It’s not uncommon for emerging franchises to go a year, sometimes more before they start to see a profit. Don’t get discouraged though! You have the ongoing support of your franchisor at your disposal. For many, it’s one of the favorite differences between starting their own business and buying a franchise. There are many ways…