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A Golden Opportunity: How to Turn Senior Care Franchising Into Passive Income
By 2025, America will require a staggering 2.3 million new healthcare workers to care for the senior population. With this will also come the need for more senior care facilities. If you’re considering senior care franchising, starting your business now can put you in a prime position to take advantage of the coming boom. Owning a senior care franchise is…
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Top Challenges of Owning a Senior Care Franchise
If you dream of helping the elderly by owning a senior care facility, the opportunities are ample. In fact, the healthcare industry provides some of the most stable options for potential franchise owners. The percentage of older people in America is increasing every day, with experts predicting that the senior population will grow to 22% by the year 2050. Of…
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Is Mobile Franchising Right for You?
Within the past year, mobile franchising has grown in popularity exponentially. For one thing, new investors realize that it’s much easier to succeed with a franchise than to start their own business from scratch. Add in the low start-up costs and flexibility of self-employment, and it’s easy to see why people are interested in this type of investment opportunity. …
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6 Franchises That Survived the Pandemic: Your Top Investment Choices for 2021
2020 and the global pandemic were not kind to people’s wallets. Financial difficulties touched people in almost every industry across the world. Still, some franchises thrived during the pandemic by adapting. As we push into the second half of 2021, those looking for franchise investment opportunities might still be nervous. To help boost your confidence in business ownership, we’ve found…
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4 Challenges of Owning a Semi-Absentee Franchise
If you are looking to invest in a new business model, you may be thinking owning a semi-absentee franchise is a win-win. You can invest your money into a business that comes with a limited time commitment and continue with your career. However, there are unique challenges that come with owning a semi-absentee franchise. Investing in a franchise is a…
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Franchising 101: Top 6 Responsibilities Franchise Owners Face
Becoming an entrepreneur can be an exhilarating experience. There’s nothing more rewarding than owning your own business. However, owning and operating a franchise differs in many ways from running an independent company. The responsibilities franchise owners face are unique because you benefit from working with an established brand instead of being an independent operation. Here, you begin with a proven…
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What is a Franchise Exit Strategy? (and Why You Should Have One)
Sometimes when entrepreneurs start on the path to franchise ownership, they focus too much on profit-building and not the big picture. The big picture, in this case, is having a franchise exit strategy. Yes! Before you can consider the beginning of your career in franchising, you must consider the end. A franchise exit strategy enables a business owner to minimize…