3 Reasons to Choose a Franchise as Your First Business Venture
If you’re ready to take the leap and become a business owner, consider franchise ownership as a viable business venture. While startups may sound appealing, they simply don’t compare to the success rate of franchising. In addition, franchisors offer marketing…
4 Questions to Ask Your New Franchisor
If you’ve decided to begin your entrepreneurial journey by becoming a franchisee, your head is likely swimming with questions about your potential business and what it will entail. Franchises offer some advantages over starting a new business, and one of…
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…
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…
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…
