Browsing Tag
business franchise
10 posts
Minority, Women Entrepreneurs Find More Opportunity in Franchise World
Barbara Brixton believed she had two strikes against her as she planned her business career: she is a woman and she is African-American. What’s more, she knew she wanted to do something in the food service industry. Her years as a teenager waiting tables at a local diner taught her the pleasure of serving people their...
Best Practices for Franchising Your Business and Achieving Rapid Growth
Franchising your business concept is a proven way to achieve rapid growth, but becoming a franchisor is not an automatic ticket to success, especially in today’s rapidly changing marketplace. In January, for instance, three established franchisors filed for bankruptcy protection: Taco Del Mar Franchising Corp., Uno Restaurant Holdings Corp., and Daphne's Greek Café. Still, many...
Start your own franchise business – Part 2
Last month, we talked a little bit about the attributes necessary to turn your home based business into a franchise ... you can find that post here. Well, what about branching out from the home based sector and becoming a franchisor of any type of business? According to Frandata and reiterated by Mark Siebert in...
Your Home Based Business: A Franchise?
I have to start by commending all of the businesses that participated and ranked in StartupNation's inaugural Top 100 Home Based Businesses. It's a true testament that working from home can be fun, productive and profitable. Let's take a birds' eye view at your businesses for a minute. Do any of these traits describe your...
Graduate from college … and buy a franchise?
An article in today's NY Times, Don't Go West Young Man ... Buy Yourself a Franchise Instead, asks a very interesting question. Should recent college graduates without any real-world experience forgo corporate America and buy a franchise? Our research shows that less than 1% are currently doing that. But that doesn't mean it isn't a...
Betting on the established brand or the hot, new franchise concept?
I am often asked whether or not it is a good idea to invest in a “hot, new franchise concept” or to go with a “safe” established brand. Certainly, established franchise brands typically have a higher success rate as compared to younger franchise systems. Yet, while investing in a new franchise concept may come with...
Show Me the Money!
I can't tell you how many times I've been asked by someone thinking about investing in a franchise “How much money can I make?” It's far and away the number one question prospective franchisee want answered. And why not? Isn't money the primary reason most people go into any business? I love my job and...
The ultimate form of entrepreneurship
A few questions to start: What are the keys to franchising? How do you (or I) know if franchising is right for me? And the frequently asked, “What are the hot franchises right now?” Most of these questions will be covered in the articles and resources section in the upcoming Franchise Center and while I...
I Have the Best Franchise Idea Since McDonald’s
How many times have you heard that from your friends, relatives at Thanksgiving dinner or even someone you just met for the first time? You just gotta love their enthusiasm. The thing is, they just might! How do you know if your idea (or Uncle Ralph's) has some beef behind it or is as soggy...
Introductions
Hello StartupNation, Dennis Hitzeman here - I'm excited to kick off the StartupNation franchise blog, and look forward to helping others interested in the fast-paced world of franchising. By way of introductions, I'm the president and CEO of Pride Restaurant Group, located in Scottsdale, Arizona. We currently own and operate 55 Burger King restaurants and...