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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 moreFive Reasons to Buy a Restaurant Franchise
Posted by Jeff Lefler November 23, 2016
When most people think of franchising they think restaurant. They think McDonalds, Burger King, Sonic or Checkers. There are over 500 different franchised restaurant options to choose from. Some that have a better ROI than you would get from a major brand. But owning a restaurant franchise takes a special kind of person that can operate and manage the business properly.
Read moreThe Top 5 Reasons Why Opening a Business Is Hard
Posted by Jeff Lefler November 21, 2016
What’s better than ditching that 9 to 5 job and starting your own business? The freedom, the luxury! Starting your own business can be very rewarding, but what if I told you that half of small businesses fail in their first year? Or that instead of 9 to 5 you’re now working 7am to 11pm – or on weekends!
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 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 moreMillennial Women in Franchising
Posted by Franchise Grade Team October 26, 2016
Women in franchising is not a new trend in and of itself. The world of franchising has its challenges that mirror those in the corporate world. Similarly, while the franchising industry remains largely dominated by men, women continue to make significant strides. After all, they too have an entrepreneurial spirit and a passion to pursue the dream of business ownership. This is particularly true of the Millennial Woman, born in the early 1980s through 2000; about 35 years old in 2015.
Read moreQSR Trends: Millennials in Franchising
Posted by Franchise Grade Team October 21, 2016
There’s no question that the Millennials are having a significant impact on all areas of business, and on the franchising industry in particular. They represent both customer side and the ownership side of the franchising equation. On the ownership side, Millennials represent not only the youngest group, but the most advanced, tech-savvy individuals in the industry. So how does that affect the QSR industry? We’re already seeing the impact these young innovators are having, particularly in the technology of QSR franchising. These folks grew up with modern technology and have seen the quantum leaps that have been made in the past 20 years. So it’s only natural that they would want to use and improve technology to be compatible with their own entrepreneurial spirit and drive in the franchising industry. Many of their visions have already come to fruition.
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