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What Risks Come with Owning a Franchise?
Often, when potential investors are considering which franchise opportunity is best for them, they only think about the unlimited earning potential that comes with owning a franchise. However, there is no reward without risk. Franchisees must weigh the potential challenges they may face and be prepared to meet them head-on. One way to prepare is by meeting with a knowledgeable…
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Unique Franchise Opportunities for Every Personality
When most people consider the franchise opportunities available to them, the first thing they imagine is a generic Dunkin’ Donuts or Subway. While those options may be the best for some entrepreneurs, others might prefer to own something with a bit of personality. If you’re a member of the latter group, it’s recommended that you meet with an experienced franchise…
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“Am I Too Young to Be a Franchise Owner?”
Given that the median age of all franchise owners is between the ages of 45 and 54, many younger people are left wondering, “Am I too young to be a franchise owner?” But contrary to popular belief, becoming a franchise owner at a young age has distinct benefits. Most millennials don’t have experience running a business or a robust network…
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3 Things You Need to Do in Your First Year as a Franchise Owner
You’ve finally signed the paperwork, and you’re officially a franchise owner. Or perhaps, you’re still in the process of discussing franchise opportunities with a franchise consultant. Either way, you should know that your first year in business as a franchise owner won’t be easy. Franchisors might try to tell you that it’s smooth sailing in the beginning, but the first…
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3 Best Franchise Businesses for Creatives
Creatives often shy away from franchise opportunities, assuming that these businesses will limit their ability to explore new ideas and express themselves. At a glance, this concern seems valid since franchisors are known to have strict policies and procedures. These stringent regulations determine elements like the internal workings of the franchise and how it should go about marketing. But contrary…
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3 Rewarding Mobile Franchises (That Aren’t Food Trucks)
For potential investors, owning mobile franchises can be a dream come true. You get all the benefits of operating your business under an established brand name while forgoing the challenges that come with running a brick-and-mortar franchise. When most people think of a mobile franchise, the first thing that comes to mind is owning a food truck. However, food trucks…
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Are MLM Companies the Same as Franchises?
Many people know what it’s like to receive a message from a long-lost high school classmate asking if you’re interested in “learning more about their business.” You click on their profile, and it’s full of posts proclaiming that they love running their business because it allows them to make money working part-time while selling products that they actually use. The…
