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Franchise Brokers and Franchise Consultants: How They Compare
There is much confusion surrounding the titles of “franchise consultant” and “franchise broker,” and rightfully so. About 30 years ago, it became commonplace for many franchise brokers to refer to themselves as consultants to evade the stigma surrounding the term “broker.” However, in dodging the negative connotations often associated with brokers, they wound up creating confusion within the franchising community.…
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5 Tips for Semi-Absentee Franchise Ownership
Not every franchise opportunity requires long hours and your undivided attention. Semi-absentee franchise ownership is designed to allow you to earn extra money and create a growing enterprise while continuing your current career or focusing on your family. If you hope to grow your semi-absentee franchise, we’ve put together a few excellent tips to help you get the ball rolling.…
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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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How to Find Franchise Opportunities
A franchise can provide the perfect investment for a smart-minded entrepreneur, but how do you go about finding the right franchise? As of 2019, there were almost 800,000 franchise options in the United States alone. That’s close to a million different franchise opportunities. Finding the perfect opportunity to suit you and your financial endeavors can be complex and frustrating. Here…
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Why 2021 is the Year to Own a Franchise
2020 was devastating for everyone, with the pandemic impacting every corner of the globe. American businesses and industries got hit harder than anyone could have expected. In the franchise industry, many businesses thrived and even became essential. However, despite the financial difficulties, there is sunshine is on the horizon. Industry experts predict that 2021 is the year to own 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…