franchise Archives

Top 4 Reasons to Become a Franchisee Versus Launching a Brand-New Business

Have you always wanted to own your own business? Do you crave the flexibility, immense freedom, and sense of fulfillment that coincide with being your own boss? If so, you may be in the process...

byNeel Parekh

January 10, 2022

5 Important Tips For First-Time Franchise Buyers

Many people have the goal of owning their own business. To expedite this process, becoming a franchisee of an established brand may be an attractive option, as entrepreneurs can build off a proven formula for...

bySam Willis

November 24, 2021

Why You Should Buy an Online Business Instead of Building One From Scratch

Good news. You can purchase an existing online business. Whether you’re using an online marketplace, personal network or broker, there are many avenues to purchase an online business. Some business owners no longer have the...

byBlake Hutchison

November 18, 2021

This Franchisee Shares How to Survive and Thrive During Tough Times

The year 2020 will always be synonymous with words like “tragic,” “traumatic” and “tough.” For Mosquito Authority® franchise owner B.J. Bacha, it was certainly challenging, but it was also a year when being involved in...

byChris Buitron

July 18, 2021

A Blockbuster Retail Franchisee Reveals Why The Chain Was Built to Fail

The following is adapted from the book "Built to Fail: The Inside Story of Blockbuster’s Inevitable Bust." Blockbuster was built by one of the most successful entrepreneurs in history, Wayne Huizenga. Before turning it into...

byAlan Payne

June 29, 2021

4 Ways Franchise Ownership Minimizes Business Risk

Aspiring business owners have several choices available for how they decide to break into entrepreneurship. Two of the most common ones include starting a business from the ground up and investing in a franchise. Both...

byMyCorporation

August 12, 2019

What is a Franchise? The FranchiseHelp Primer and Quiz

Contrary to popular opinion, franchising extends far beyond food and retail. In recent years, franchises have become popular for the services and manufacturing sectors. The U.S. Census shows that in 2012, franchises alone accounted for...

byFranchiseHelp

August 4, 2019

7 Necessary Steps to Take Before Opening a Franchise

The process of finding and opening a franchise can seem long and confusing. Likely because of this, many people rush through the process and risk ending up unhappy with their choice, running an unsuccessful business,...

byFranchiseHelp

September 8, 2017

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...

byArek Estall

November 17, 2014

CIT Group seeks additional funding – Marco’s Pizza adds financing options for franchisees

The recent CIT Group news hit the franchise community late last week. One of the larger small business lenders announced, CIT Group announced it needed additional money from the government to stay affloat. The government...

byJack Burris

July 21, 2009

Interview with Peter Ross, CEO of Senior Helpers

I often get asked, "what is the hottest franchise?" or "what sort of business should I buy?" and my response is typically the same ... Often is depends on your interests, skills, work ethic, location,...

byJack Burris

April 23, 2009

Some Laid Off Workers Turn to Franchising

The past 18 - 24 months have been tough on corporate America. I'm based in Charlotte (home of Bank of America and Wachovia/Wells Fargo) and many of my friends that work for the bank are...

byJack Burris

April 16, 2009

Franchises Offer Start Up Discounts to Veterans

As a way to to honor those men and women who have served in the U.S. military, the Veterans Transition Franchise Initiative, known as “VetFran,” was developed to help veterans of the armed forces transition...

byJack Burris

April 10, 2009

Why is now the time to jump in and buy a franchise?

Jeff Elgin of FranChoice answered host Jenna Lee’s questions on “Franchising in 2009” on Fox Business Morning C-Suite Sit-Down. His message: Despite the economy, people can still find great opportunities in franchising. Jeff Elgin of...

byJack Burris

April 7, 2009

Out of Work? Consider Buying A Franchise – Part 2

Earlier this month we discussed different options for those who are currently unemployed or recently heard they will be receiving a severance package and asked to look for different opportunities. While buying a franchise isn't...

byJack Burris

October 13, 2008

Would You Like Fries With That Outsourcing?

I'm a big fan of Fast Company (both online and off). When I travel, the magazine is always in my briefcase. If they offered an App for my iPhone (like The New York Times App)...

byJack Burris

October 8, 2008

Out of work? Consider buying a franchise

Tough news in Charlotte, NC earlier this week. Wachovia Corp, one of the largest companies in Charlotte and the 6th largest bank in the United States, was purchased by Citigroup (Stock ticker C). 5,000 people...

byJack Burris

October 2, 2008

Franchise Organizations Secret Shop Employees

It's travel season ... last week Washington, DC for Franchise Appreciation Day and this week Franchise Update's annual Franchise Development Conference at the Drake Hotel in Chicago, IL. The conference agenda is helping owners of...

byJack Burris

September 27, 2008

IFA’s Franchise Appreciation Day Recap – Current Political Issues Facing Franchising

Earlier this week I attended the International Franchise Association's 9th annual Franchise Appreciation Day in Washington, DC. Over 500 people, franchisors, franchisees and industry suppliers, gathered together to discuss the current economic and political picture...

byJack Burris

September 17, 2008

Bennigan’s Files Chapter 7 – What happens to the franchisees?

We interrupt our regularly scheduled "How to research and buy a franchise" with this update ... Within the last week, two large restaurant franchise systems have declared bankruptcy, Bennigan's and Steak & Ale. Most of...

byJack Burris

August 5, 2008