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While all the books, blogs, and articles in the world can tell you what to expect, what business franchisors will give you as a business franchisee, only you will be able to make the decision for yourself. It’s a personal decision based on personal questions and self-evaluation. While you might face obstacles based on your […]

Not everyone is cut out to run a franchise. Those with more passive business aspirations are some of the few that would not do so well running their own business, but there is more to it than that. It’s always important to make a self-assessment before you make any large purchases, investments, or changes in […]

There are a lot of myths about franchising and business ownership. You should always assess what is fact and what is fiction when you approach any situation. That includes the statement, “You are your own boss”. While it’s true that business franchisees run their own store, you are still subject to the franchisor. You will […]

Multiple unit agreements, also known as area development agreements, are franchise relationships that give the franchisee the ability to create multiple single unit locations in a certain area. This is because there is an agreement upfront of a certain number of stores that will be opened for that store. The contract will generally define the […]

Franchising is a great way for people, groups of investors or business entities to own a business. This is because there are many advantages and opportunities that it can provide. There are many different ways that the relationship with the franchisor can work depending on many factors such as the category, the size of the […]

When you have a multiple unit agreement you will need to have two different agreements in place: the area development agreement and the franchise agreement. While it may seem confusing as to why you need these, the fact is that they each serve their own purpose. The area development agreement is what stipulates the rights […]

Every year there are more franchise opportunities that you can take advantage of. The only thing that really limits franchisors is their imagination and the skill-set that they have. Franchises can cover more than just food. In fact there are more than 120 different business categories that offer franchises, including car washes, hair salons, dog […]

A great example of this is in the restaurant industry with franchising. You may think that all food based franchises are the same. Pizza restaurants are an excellent example of this. There are some restaurants that deliver and others that don’t. You will find that some offer a restaurant inside where people can enjoy their […]

The area representative is unique in the franchise system. They are the person the salesperson for the franchise and generally make a commission off of each franchise they sell. They answer questions, provide support for the franchisees and may have other responsibilities. In many cases they will also pay a fee to the franchisor just […]

You’ve been running your store for a while so it might be hard to recall the exact wording in the franchise agreement. You’ll be getting in contact with your franchisor if you’re thinking of purchasing another franchise, so you should read up on the agreement to prepare yourself before you talk to your franchisor. You […]

The more you put into something, the more you’re going to get out of it. The same thing can be said about franchises. More franchises means more opportunities to make money, but it also means there’s a larger risk factor and there is more to lose. On the plus side, you’ll have gone through everything […]

This wasn’t talked about too much in Getting Your Franchise Started because you really don’t want to chart into uncharted territory on your first time out. An inexperienced captain (or rather, a deck swabber?) shouldn’t get on the boat for the first time and look for the biggest question mark on the map to go […]

So you’ve been through this before when you purchased your first location. You know what you should look for in the neighborhood, traffic patterns, and surroundings stores. You know the many different forms a storefront can come in and what their pros/cons are. If you were keeping a journal back then of the places you […]

So you’re already paying fees to your franchisor and as you add additional stores to your belt, those fees will go up. You will more than likely have to pay a higher royalty fee for each franchise that you own. You might have other dues that are required as well, but that should all be […]

For many franchisees, one franchise isn’t enough. In fact, many franchisees think about owning multiple franchises before they they start franchising. Some step in ready to acquire multiple location within a year or two while others wait a while before asking their franchisor for another. Some franchisees even get into franchising prepared to become ‘franchise […]

While you maintain your franchise, keep an eye on your franchisor and where they place their attention. Is it customers before the franchise or franchise before the customers? You should have found this out prior to applying for any franchise, but if you didn’t, that’s okay. This just helps you find out where their attention […]

There are a lot more ways to keep yourself in the public eye and market your franchises with positive results.   Keep Your Name in Front of the Customers You can start off slowly because constant advertising can be very expensive, but talk to your franchisor and work with them on creating a campaign that […]

There’s no better way to end a customer relation than to lie for your gain. If you’re looking to build your customer base and keep them coming back for more, be honest in every interaction. Don’t try to cheat your customers out for the money in the now as it can end in larger costs […]

There are many reasons why a franchise might not have any large scale advertising campaign or fund setup for it. The most common reason is a lack of national stores. That doesn’t mean you can’t work with your franchisor or spearhead your own local advertising campaign. If your franchisor is getting ready to expand, keep […]

When customers walk into your franchise, it’s clear that they’re thinking of a specific product or service that they can find at your brand. They come for the burger, the vacuum, and the reliable brand name products—but there are other things that make the experience more so than your inventory.  As a franchise owner, you […]