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A Smart Way of Helping Your Kid’s Financial Future

Posted by Jeff Lefler January 14, 2020

As a business owner, two of your most valuable commodities are time and money. In most cases, starting and operating any worthwhile business venture requires a balance of both. But, as many entrepreneurs would agree, access to money can be challenging. One of the biggest risks for entrepreneurs is under-capitalization.

Franchising and Murphy’s Law

Posted by Ed Teixeira January 26, 2019

Murphy’s Law is well known among business people. Attributed to Neil Maskelyne in 1908, it states that: “Anything that can go wrong will go wrong”. I have observed that when it comes to franchising, Murphy’s Law comes into play more often than desired. In many cases, a new franchise takes off slower than anticipated and the franchisee has to look for a way to remedy the situation.

Franchisors and Franchisees Should Manage Change

Posted by Franchise Grade Team February 5, 2017

Change is an important component of all business relationships and this is particularly true in franchising. When significant change is considered or takes place it’s important that the franchisor and franchisees are capable of conducting their business without disrupting their relationship. In addition, change should consider the needs and objectives of both parties.

Insourcing 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.

Five Things That Make Home Care Franchises Such a Solid Investment

Posted by Jeff Lefler January 9, 2017

There are several important reasons why Home Care franchises have enjoyed the success they have over the past few years. In this year’s annual Home Care Franchises Sector Report, we revealed an amazing 58% growth in Home Care franchises since 2010, examining some of the significant franchise opportunities that are available in the Home Care industry.

The Traits of Successful Franchisees

Posted by Jeff Lefler November 28, 2016

Buying a franchise is a great opportunity for someone who fits the model of a successful franchisee. Not all people have these traits and the classic entrepreneur, or trailblazer, might not be the best fit. Franchising is about following a system. If you’re investing into a healthy franchise they have a proven system that works and are replicating that original business success. But, not all franchises have a proven system. Be careful when investing and make sure you buy the best franchise for you.

Never 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!

The 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!

Millennials 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.

Is Now The Time To Become A Real Estate Broker?

Posted by Franchise Grade Team October 28, 2016

It’s been nearly 10 years since what has been deemed as the “Great Recession”, the worst economic crisis in modern history took place. Due to economic conditions such as high unemployment and rising interest rates the financial situations of previous stable families dropped dramatically leading to a high increase in mortgage foreclosures; deeply impacting the success of each Real Estate Broker and their franchise systems.