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franchise business review

8 posts
franchise
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5 Things to Know and Learn Before Starting a Franchise

You’ve probably heard the statistic that people love to throw around: that 95 percent of franchises are successful. This myth has been promulgated for so long that it has directly caused one of the biggest problems facing franchises today: over-saturation. Too many people buy into the idea that running a franchise is “easy.” That’s not...
Franchise
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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...
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Franchise Business Review releases 2007 Franchisee Benchmark Report

Have you considered investing in a franchise and just can't decide which one is right for you? As you explore your options, one of the most important factors is evaluating the satisfaction of current franchisees ... the small business owners that make it all happen. Once again, our annual study of franchisee satisfaction has exceeded...
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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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Not Necessarily a Franchise

It's a common misunderstanding that businesses with many locations are all franchises. In fact, many of the places you frequent on a daily basis are NOT franchises at all, but corporate-owned and operated stores. For example, FedEx/Kinkos, The Gap, Red Lobster and yes, even Starbucks are NOT franchises. These are all large companies that operate...
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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...