Franchise Financing 101: How to Fund Your Business
Dreaming of your own business? Finding the proper franchise is often the fun part — imagining yourself at the helm of different endeavors and enjoying the excitement of leaping into a new industry. But the financing and logistics of bringing…
What Is a Franchise?
If you’re interested in becoming your own boss, you may have wondered whether it would be best to develop a startup or invest in an existing franchise. But what is a franchise, exactly? Essentially, a franchise is when a company…
Should You Start a New Business or Choose a Franchise for Sale?
Anyone considering becoming a business owner must ask themselves whether it’s in their best interest to start a new company or find a franchise for sale. While investing in an established franchise sounds like the perfect option, it does not…
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…
“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…
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…
How Millennials Will Change Franchising
The franchise industry is stepping into the future. Currently, millennials are aged 25 to 40 and comprise over 28% of franchise owners. So what does this mean for franchising as we know it? Millennials look for very different qualities in…
