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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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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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What is a Franchise Exit Strategy? (and Why You Should Have One)
Sometimes when entrepreneurs start on the path to franchise ownership, they focus too much on profit-building and not the big picture. The big picture, in this case, is having a franchise exit strategy. Yes! Before you can consider the beginning of your career in franchising, you must consider the end. A franchise exit strategy enables a business owner to minimize…
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How to Find the Right Franchise Opportunity for You
Buying a franchise is a significant moment in your entrepreneurial career. It can be the launching pad for a successful business that may one day grow into a multi-unit franchise empire. The question is, how do you find the right franchise opportunity for you? There are thousands of franchises to choose from, which can be overwhelming for anyone looking to…
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3 Times Athletes Diversified Their Portfolio With Franchising
Professional athletes very well might be some of the most well-rounded folks out there. They are incredible at sports, but we all know playing professional sports comes to an end at some point. The good news is, their success often times does not end there. Athletes tend to go their own way after they retire from playing sports. One popular…
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Amazing profits abound….if you have the guts!
Still considering a Semi-Absentee Business? I’ve got an odd-yet-amazingly lucrative one that takes a special kind of someone to jump in. How about you? When you think of a cleaning company, what comes to mind? You may think of a maid service, people buffing lobby floors in a high-rise, or maybe junk removal. Whatever image it is that pops into…