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Franchisors Should Have Key Competitor Statistics
Posted by Ed Teixeira August 25, 2017
Since franchisors operate in a highly competitive environment it’s critical that franchise development staff have as much data on their competitors as possible. Their knowledge should extend beyond knowing the initial franchise fee, quality of the franchisee territory, royalty fee and details regarding Item 19 disclosure. This type of information, which is accessible for prospective franchisees in an FDD or a franchisor website, provides limited insight into a competitor. As franchisee candidates review their investment options they will acquire crucial information.
Read moreConsidering a Franchise? Be Sure to Compare Franchise Opportunities
Posted by Ed Teixeira August 14, 2017
Prospective franchisees need to find the best franchise opportunity that matches their business and financial profile. For this reason, it’s important for prospective franchisees to compare franchise opportunities to find the best investment options. The result is finding a franchise that meets their requirements and resources.
Read moreThe Quality of Trade Show Booths and Knowing Where to Invest
Posted by Jeff Stephenson July 19, 2017
Are you heading to a trade show to find your next franchise investment? Pay attention to the quality of the booths and you will learn where to invest.
Read moreGetting Noticed in a Crowded Franchise Industry
Posted by Jeff Stephenson July 7, 2017
How do you guarantee that the public knows your business exists? You need to have an eye-catching sign that depicts the personality, services, and products of your brand. You want people to recognize your sign when they see it, even when they see it in a new place.
Read moreUse a Franchise Attorney When Investing in a Franchise
Posted by Ed Teixeira June 21, 2017
Every day, people like you purchase a franchise without the benefit of franchise counsel. This happens despite the warning in the Franchise Disclosure Document (FDD) to seek the advice of an attorney. Before you invest in a franchise and sign the franchise agreement, be sure to use a franchise attorney to guide you along the way.
Read moreQuestions for a New Prospective Franchisee
Posted by Jeff Stephenson May 1, 2017
We speak to people all the time who are looking to invest in their first business and are interested in owning a franchise. Our advice to these people begins with asking themselves a few key questions to evaluate their suitability of owning a franchise.
Read moreFranchisors 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.
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 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!
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