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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.
Read moreAttributes Of A Successful Franchise System
Posted by Franchise Grade Team February 1, 2017
The franchise industry sometimes receives mixed reviews including the occasional bad press. However, a look at the top tier of the industry reveals franchises that are successful for both franchisors and franchisee investors.
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 moreMoney Matters: Finance Yоur Business and Kеер Those Finаnсеѕ on Track!
Posted by Franchise Grade Team November 13, 2016
Some реорlе drеаm of bесоming an еntrерrеnеur, but wоrrу too muсh оn whеrе or hоw to finаnсе thеir buѕinеѕѕ – thаt iѕ, whеrе they should gо аnd lооk fоr it. If уоu’rе оnе of thеm оr even hаvе еngаgеd in buѕinеѕѕ fоr уеаrѕ nоw, hеrе аrе орtiоnѕ for уоur finаnсеѕ.
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 moreNever Open A Franchise If This Is The Reason Why!
Posted by Jeff Lefler November 9, 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 moreBecome a Real Estate Broker
Posted by Franchise Grade Team October 25, 2016
Becoming a Real Estate Broker can take a great deal of time and money, and may not succeed in some cases, the first question to ask yourself is whether you wish to become an independent brokerage, or a franchised (or chain) brokerage. While going independent may seem attractive, there are a lot more positives in investing in a franchised brand. There are many steps to take in becoming a broker, such as taking the courses, registering with your state and paying all associated fees.
Read moreHоw to Fire an Employee
Posted by Franchise Grade Team October 15, 2016
Onе of thе mоѕt diffiсult tаѕkѕ уоu will face as a buѕinеѕѕ оwnеr will bе firing еmрlоуееѕ. Emрlоуееѕ whо consistently break thе rulеѕ, dо not perform the functions of thеir jоb, оr саuѕе diffiсultiеѕ fоr your business can bе a ѕtrаin оn the wоrk еnvirоnmеnt, уоur cash flоw, аnd еvеn diѕruрt your buѕinеѕѕ frоm thriving аnd реrfоrming аѕ еxресtеd. Thiѕ tutоriаl will givе уоu steps and hintѕ аbоut firing еmрlоуееѕ оr аѕѕосiаtе. So how do you fire an employee?
Read moreChildren's Services Franchise Systems Are Growing Up
Posted by Franchise Grade Team October 14, 2016
The children's services franchise sector is one of the fastest growing within the franchise industry. From our Sample of 106 children's services franchise systems, this sector has seen franchised outlets increase by 12.1% since 2010. Children's franchises represent only 2.1% of the industry outlets but account for a staggering 6.3% of industry outlet growth.
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.
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