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franchisee

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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 of brainstorming various company ideas that would prove lucrative in the long run. However, wouldn’t it be fantastic if there...
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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 $1.28 billion of sales. A franchise can be broken down into the following two specific categories: Product or trademark franchising This is...
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Franchise Expert Nick Bibby on Successful Franchising

Some people assume that franchises are "can’t fail" plug-and-play businesses. But as Nick Bibby, founder of The Bibby Group, a consultancy for franchisors and franchisees, will tell you, it’s not that simple. As with any business, both parties need to do their homework first. We caught up with Bibby to find out what franchisors and...
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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, or both. We’ve put together a list of seven steps that all prospective franchisees should take. Following this roadmap will not...
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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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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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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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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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Being frank about franchising

We'd like to answer a question recently asked of us by one of our community members. How do I identify responsive and fair franchises? -Bill If you're determined to open a franchise, we recommend that you do two very important things: Go into other locations of the franchise and look around. See how customers are...