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How to Grow Your Business
After finding business success, many entrepreneurs view franchising their business as the next logical step in business ownership. There are many benefits to growing your business, including access to capital, expanding their market reach, or the most common reason: they believe they have something extraordinary to share with the world. Whatever your reason, before you start dreaming of the perfect…
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6 Reasons Why Franchises Fail
Business ownership can be a challenging venture for entrepreneurs, especially franchise owners. Unfortunately, despite having the dream to run a healthy and successful business, some franchises fail. There are many reasons why this happens, a few of which we’ll discuss below. However, there’s still a light at the end of the tunnel! Detailed in our reasons, we also share ways…
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Why You Should Invest in a Healthcare Franchise
Healthcare franchises are a lucrative part of the franchising industry. No matter what the economy’s state is, there will always be a need for a healthcare franchise. According to industry experts, the preventative healthcare market has grown 25 percent in the past five years, and it doesn’t show any sign of stopping. Also with the current state of the world,…
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5 Questions to Ask Yourself Before Franchising Your Business
There are many benefits to franchising your business. It’s an incredibly lucrative industry and one that keeps our economy thriving. In 2017 alone, franchises provided nearly 7.6 million jobs and produced $674 billion in economic output for the U.S. So, it’s understandable why you want to make your dream of franchising your business a reality. However, before you start the…
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Do I Have The Skills It Takes to Run A Franchise?
When looking for a job, the first thing people want to know is if they are qualified for a job or not. Generally, when you apply to a position there is a list of requirements along with the job description. If you’re considering a job as a franchise owner, things are a bit different. There is no website with a…
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Coaching to Groom your Employees
When business owners think of leadership, a big mistake commonly made is considering leadership as a quality that management possesses. Leadership, however, should be part of the culture in your workplace, among all levels. When all employees are leaders, it results in a productive, positive work environment. You might consider yourself a leader, but what about your employees? Could they…
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You Can’t do it all Yourself: The Art of Delegation
As a business owner, it is difficult to hand tasks off to your employees. You may have certain expectations of how things should be done, and the thought of having someone doing something the wrong way irks you. The truth is, though, you can’t do everything yourself, and at some point, you have to hand everything off to your employees…