Browsing Tag

Franchising

44 posts

To start a business with less risk, consider franchising an existing business.

veterans
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5 Things Veterans Should Know About Starting a Business

Pursuing a second career after leaving the military can be challenging, which is why a growing number of veterans choose to become entrepreneurs. A 2018 study by the the Small Business Administration (SBA) Office of Advocacy reported that there were over 379,000 veteran-owned employer businesses in the U.S., and overall, 6.8 percent of all employer businesses...
chris mccuiston post-pandemic playbook
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Goldfish Swim School CEO Shares 5 Must-Haves in Post-Pandemic Playbook

Over the course of the last year, it’s been remarkable to watch successful adjustments to remote work, new innovation projects and everything in between, as small businesses across the nation quickly adapted to changes brought on by the pandemic. As we’ve surpassed the one-year mark of COVID-19 and inch closer to a return to normalcy,...
blockbuster fail
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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 one of the most powerful brands in the entertainment world, he started Waste Management with a $5,000 loan and one...
franchisee
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Want to Start a Lower-Risk Business? Become a Franchisee

The day I became a franchisor, the ceiling collapsed. Literally. I was at Kidville headquarters in New York City and had just signed the final documents. The phone rang, and the CEO answered it. He handed the phone to me and said, “This is your problem now.” A heavy truck had pulled into the parking...
StartupNation Radio
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Learn How to Run a Successful Franchise on StartupNation Radio

On today's franchise-themed episode of StartupNation Radio, Jeff is joined by co-host Chris McCuiston of Goldfish Swim School and two featured guests: Dr. Mary Mason of Little Medical School and Manish Vakil of Tumbles Kids' Gyms. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Tune in to the full StartupNation...
StartupNation Radio
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These 4 Entrepreneurs Share Their Startup Stories on StartupNation Radio

On today's episode of StartupNation Radio, Jeff interviews four entrepreneurs who share their startup stories: Tania Shah, Erin Nobles and Lisa Sigman of In The Know Legal; and Kristen Denzer of Tierra Encantada. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Tune in to the full episode of StartupNation Radio...
loans for franchises
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The Best Loans for Franchises

Opening your own franchise is a smart decision if you're an ambitious entrepreneur. Being the owner of a franchise offers the flexibility to be your own boss, yet with the security of owning an already established brand. Like with any business, though, the costs of starting up can be pretty high and you might need...
family business
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Shattering Myths: Tips to Successfully Launch and Run a Family Business

Starting a family-run business is a great way to build a legacy and earn money based on your own terms. The impact the coronavirus pandemic has had on American job loss has more individuals ditching the standard corporate 9 to 5 and seeking out entrepreneurship opportunities where they have more control of their own destiny....
franchise
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What You Need to Know About Operating a Franchise During the COVID-19 Crisis

As a franchisee, operating during the COVID-19 crisis presents unique challenges. Not only must you contend with the economic impacts of the situation, but you must also continue to meet your contractual obligations to your franchisor. While some franchisors are offering temporary financial relief to their franchisees during the COVID-19 crisis, others are not. Additionally,...
franchise
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This Franchising Expert Shares Game-Changing Steps to Becoming a Thriving Franchise Superstar

The following is excerpted from “The Wealthy Franchisee: Game-Changing Steps to Becoming a Thriving Franchise Superstar” by Scott Greenberg, Entrepreneur Press, 2020, XVII-XXIII. I’d just come offstage from keynoting the opening session of a quick-service restaurant franchise convention in New Orleans. The presentation had gone well and now, on break, a small group had gathered around to chat....
COVID-19 startupnation radio
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The Entrepreneurial Spirit is Alive and Well Amid COVID-19

On this episode of StartupNation Radio, Jeff is joined in the co-host seat by Norm Pappas, president and CEO of Pappas Financial. During the show, they talk with an entrepreneur who is stepping up to help his fellow startup owners during the COVID-19 crisis, and one individual who is successfully leading his family business through...
franchise
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3 Signs Your Existing Startup Should Franchise Right Now

It is estimated that that a new franchise opens every eight minutes. Every. Single. Day. That’s a lot of competition — with over 900,000 franchise businesses operating in the U.S. today, it can be overwhelming to even attempt to enter the market. Choosing to franchise can be a make or break decision, and timing is...
the grind biggby coffee
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This $100 Million Biggby Coffee Empire Co-CEO Shares the Secret to Turning an Idea Into a Positive-Cash Flow Business

This excerpt appears in "Grind: A No-Bullsh*t Approach to Take Your Business from Concept to Cash Flow," written by BIGGBY COFFEE® co-CEO Mike McFall. For more information, visit grindthebook.com. Be patient with the results but aggressive in execution! If I have learned one thing in my career, it’s that nothing happens as quickly as I...
millennial
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5 Things Millennial Entrepreneurs Need to Know About Business Funding

The millennial generation has been coined the most entrepreneurial generation to date. However, many are postponing business ownership for one reason: financing. Starting a business from scratch is a challenging feat on its own, but for the one-third of adults under the age of 30 facing student loan debt, it can seem nearly impossible. To...
franchise
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What to Know About Opening a Franchise at Any Age

Investing in a franchise can be done at any age and for any type of career in transition. Whether you’re a millennial or a baby boomer, there’s ample opportunity available to become a franchise owner. However, owning and operating a franchise as a baby boomer is certainly a different experience as opposed to getting started...
Franchise
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18 Must-Answer Questions for Anyone Considering a Franchise

With over 2,500 existing franchises to choose from, it's extremely important for franchise buyers to consider their personal strengths. Everyone has a different personality, preferences, strengths and weaknesses. So, it comes as no surprise that a franchise system that would be perfect for one person, may be a really poor fit for someone else. These...
financing
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The 3 Best Financing Options When Buying a Franchise

Across the U.S., franchise businesses produce $760 billion of revenue and employ over 8 million people per year. Those are the kind of numbers that might inspire you to open a franchise business of your own.  However, when you zoom in on how much it takes to finance opening a franchise, you might feel less...
franchise
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Franchise or New Business: Which is Right for You?

Thinking of starting a business? Before you do, consider an option that gives you an established system and known brand: a franchise! There are many benefits to running a franchise, as there are benefits to starting a new business. The truth is, which one is right for you will depend on what your goals are...