We all have had the question before, what is the next big idea? Where can we find the next big franchise business to get in on early so we have the best opportunity for an amazing investment. Think if you could have met Ray when McDonald’s first showed up and the concept had never been […]
Whether you’ve been a manager before or not, it’s time to get to know all the staff-related responsibilities that come with the title of business owner. It’s especially important to be aware of the list of responsibilities if you’ve never been a manager before. Everything comes down to your decisions making abilities and what you […]
The Subway Franchise has expanded almost what seems to be effortlessly over the past twenty years to become the world’s largest restaurant chain with over 44,000 locations around the world (www.subway.com/subwayroot/ExploreOurWorld.aspx). The brand has become known as a consistent leader in the franchise community being ranked on the Entrepreneur Franchise 500 in the top five […]
If you have the opportunity to meet with the owner of a franchise business during the initial researching phase, it’s important to have a handful of questions prepared. These questions are chosen to help you make the best decision you can about whether to buy the coffee franchise based on the information gathered. Some questions […]
When you get into franchising, you will quickly realize that there are less choices for customization in franchising than there is if you’d open your own small business. That’s one of the drawbacks that most franchisees agree with in order to adopt a system that has been created ahead of time to make business ownership […]
Any good franchisor will insist on training their franchisees prior to them opening. They will want to teach the franchisees any tools of the trade that they know to make their business successful because a successful franchisee means a successful franchisor. All franchisors will have different training programs, many use officers of some kind, some […]
It all comes down to numbers. You’ll need to know how much is going and how fast so you can maintain your franchise inventory with as few things as possible going bad. During training with your franchisor, you should learn some things about keeping your inventory stocked and fully functional. If your franchise doesn’t have […]
By the time you’re receiving merchandise, you should have an office to keep your paperwork in. Before you have an office, you should be working on some sort of organizational system for any and all your paperwork because by this time you will already have a small collection of it from the franchisor, the contractors, […]
Part of getting the ball rolling for your store is ordering the merchandise and supplies. You’ll have to have the shelves set up with anything you’re hoping to sell, or if you’re not a retail or restaurant business, you’ll have to stock yourself with the equipment for the job as well as the office supplies […]
LifeLine Repairs Expands to 35 Units in 2 Years February 8, 2016 Atlanta, GA – With the explosive growth of mobile technology has come the ever-increasing need to fix it. LifeLine Repairs has stepped up to the challenge with 35 new stores since 2014 and is continuing its push Westward with stores […]
Hiring a contractor can be very hit or miss. If you’ve ever done renovations on your home, you’ve probably had an experience with a contractor already and it might not have been the greatest. If you’re looking for a contractor, consider having a checklist available. Here are some good places to start: Ask your […]
Now that you’ve located your place, it’s time to look into the process of securing it. The first thing to note is the landlord that you will be renting from, if you are renting and not purchasing. Some landlords might have a predisposition to not liking your franchise for personal encounter reasons or for having […]
Every franchise has a very specific design. While some may feature slight differences in layout or where something is located, they all more or less have the same look or feel to them to provide the customer with the same experience whether they’re walking into a your business in Wisconsin or New Zealand. When you’re […]
When looking into real estate whether it’s for your home or your business, the first thing you should always do is create a list of what is important to you and what it must have. This can include details that are very specific to the type of business that you will be opening. Remember that […]
Dual branding is when two or more franchises set up shop beside one another or within one another. Can you think of any high-bred franchises you’ve seen? A&W + Shell, Long John Silver’s + KFC, Walmart + McDonalds (or Subway in some cases), Target + Starbucks, Barnes and Noble + Starbucks – these are just […]
Whether you’re in a business franchise or in retail, your response time to emails, phone calls, and inquiries is incredibly important to your reputation and what your brand means. If you don’t have a great response time, you may not seem like the most reliable business partner or person to do business with. While you […]
Working from Home With some franchises you’ll be able to work from home. This can save money in real estate and building costs and instead just go to constructing or designing a home office—but these franchises can be very specific and are often much smaller operations as opposed to opening your own McDonald’s location. Some […]
As you and your franchisor survey for the best possible franchising location, here are some places that you may or will end up looking: Malls Usually large, enclosed spaces (but they also come with roofless walkways or an outdoor courtyard), malls are a staple for shopping and a great place to put your business. […]
Franchising only works successfully when every single chain or franchise is in line with all the others, providing consumers with the same reliable services or products they are used to. However being consistent isn’t always that easy for the big chain or franchise. There are small design specifics that might work well in one place, […]
Charleston, SC— Clubstore Outlet, LLC, headquartered in historic Charleston, SC, has signed another major deal for a Master Franchise Agreement for the entire state of Mississippi and a portion of Western Tennessee with an experienced investment group who have ownership in another major retail franchise in that region. The five year plan for the […]