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Franchise Net Growth Tells the Truth
Posted by Jeff Lefler August 2, 2019
For millions of Americans, franchising is an economic engine that generates wealth and prosperity. In the last nine years, entrepreneurs have invested over $459 billion dollars, opening over 350,000 new franchised outlets. An increased ease in lending opportunities including SBA fast-tracked franchises and 401(k) rollovers have helped spur first-time business ownership opportunities for middle-aged and senior investors looking for career change.
Read moreInsourcing vs. Outsourcing Payroll Services
Posted by Franchise Grade Team January 30, 2017
Any franchisee that has more than 1 or 2 people on their staff must consider the pros and cons of doing their own payroll. While it may be easy enough to do it yourself for just a few people, it’s likely that as your business grows, you‘ll need to add more people and hence, increase your payroll duties. With so many other duties and tasks vying for your time, and with the proliferation of companies that are already experts in the field, it makes excellent business sense to hand off (outsource) the payroll function to one of them. Major players in the game with a long (20+ years) history of providing payroll services to small, medium, and large businesses include ADP (Automated Data Processing), Intuit Payroll Services, Paychex, and many others.
Read moreNever Open A Franchise Because of These Four Reasons
Posted by Jeff Lefler November 25, 2016
Live the American Dream! Be in business for yourself but not by yourself! Great marketing pitches are designed to get you to want to buy a franchise. If someone tells you there’s this turnkey business that’s just waiting for you to invest into and it’s a proven business model and can’t fail – run away. Every business, including franchised businesses have risk. They are not turnkey. If you are opening a franchise for one of these reasons – stop. Reconsider!
Read moreHow to Attrасt Cuѕtоmеrѕ tо Your Buѕinеѕѕ
Posted by Franchise Grade Team November 17, 2016
A ѕtаggеring numbеr оf ѕtаrtuр buѕinеѕѕеѕ аnd big business hаvе fаllеn араrt simply duе tо their failure to determine thеir target audience аnd hоw to attract customers. So, to attract new customers аnd retain existing сuѕtоmеrѕ, уоu hаvе tо idеntifу a specific dеmоgrарhiс grоuр that will hаvе thе interest to buy уоur рrоduсtѕ оr ѕеrviсеѕ.
Read moreThe Top 5 Reasons to Buy a Franchise
Posted by Jeff Lefler November 10, 2016
This isn’t your typical list of vanilla reasons to buy a franchise. A franchise is not turnkey. A lot of franchises do not have a “proven model” and some even have higher failure rates than starting your own business!
Read moreMillennials and the Future of Real Estate
Posted by Franchise Grade Team October 31, 2016
The real estate market gained a soiled reputation from the fallout during the Great Recession. This was partly due to the effect of subprime mortgages and the burst of the housing bubble, directly contributing to the severity and depth of the Great Recession. The real estate sector took a predictable downturn in the following years, with 2010 as the low point.
Read moreOnline Marketing and the Real Estate Sector
Posted by Franchise Grade Team October 19, 2016
Over the past several years’ companies have seen dramatic changes in the way they market and advertise their products and services. The introduction and dynamic growth of social media and online marketing has permeated virtually every aspect of people’s lives. These dramatic changes have provided franchisors and franchisees new ways to reach potential customers. This is especially true for the real estate sector, as many potential investors, whether looking to purchase a house or a real estate franchise, search the Internet to research and learn about their potential investment opportunities.
Read moreTough Lesson For A Franchisee
Posted by Franchise Grade Team October 17, 2016
Recently, an individual reached out to me after purchasing a fairly well-known franchise. For illustration purposes, I will refer to the individual as “Sally.” Sally had purchased a franchise 85 days prior to contacting me.
Read moreBrands to Watch – Berkshire Hathaway HomeServices
Posted by Franchise Grade Team October 13, 2016
As the real estate sector continues to experience a resurgence, a brand that potential investors may want to consider is Berkshire Hathaway HomeServices (BHH). BHH is an affiliate of the parent company Berkshire Hathaway, owned by the highly successful businessman Warren Buffett. Buffett, with a net worth of $67.5 billion, is the third richest person in the world as of July 2016. While many businessmen with comparable wealth achieved their wealth through the acquisition of goods and product innovation, while Buffett’s empire is in the form of share certificates, the result of consistently smart investments.
Read moreHow to Position Your Franchise in a Local Market on the Web
Posted by Rich Stark February 21, 2016
Every franchisor wants to provide the best marketing services possible for their franchisees. Obviously, the more business the franchises get, the more revenue is generated and the more successful the company is as a whole. Part of every strategy for a franchise should include a local online marketing plan for their franchisees.
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