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franchise business model

10 posts
franchise
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Franchise: Could It Be Right for You?

Is a franchise the choice for you? If you’re a budding entrepreneur looking for your big break, you probably have hundreds of ideas running through your head. You may have considered any manner of industries and sectors, and countless business models. It’s an exciting time to start a new business, since there’s growth to be...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Cool Company of the day: PODS

"Cool" comes in many forms. PODS hits the "Cool Company of the Day" list largely due to the sheer convenience of their innovative moving and storage service. (But it's cool also based on the growth potential.) You may have seen the PODS ads on TV or perhaps your neighbor has one of the crisp white...