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The Importance of Benchmarking Franchise Performance
Posted by Ed Teixeira August 21, 2017
Franchisors looking to establish an effective franchise expansion strategy need to have the proper tools to be successful. This means having a quality Franchise Disclosure Document and a track record of successful franchisee performance. Constructing an effective franchising strategy starts with knowing who your competitors are and how well they are performing. You need the ability to compare your franchise system performance to your competitors, both strong and weak. Benchmarking your franchise system against your franchise category, franchise sector and individual franchises requires the right data.
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 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 moreProspective Franchisees Must Carefully Review Item 20
Posted by Ed Teixeira June 26, 2017
As part of your evaluation of a franchise opportunity and related due diligence, it’s important you carefully review the Franchise Disclosure Documents (FDD) with the assistance of qualified franchise counsel. Specific focus should be placed on certain items in the FDD, including but not limited to, the background and experience of franchisor management, litigation, investment, territory, financial performance and most importantly, franchise system growth and franchisee turnover.
Read moreWhat's More Important for Franchise Growth: The Market or The Location
Posted by Ed Teixeira May 17, 2017
When developing a strategy for developing a franchise system, franchisors often follow different paths. In some case’s the path a franchisor selects will depend upon a number of factors, the type of franchise, its size, required investment and system maturity. Based upon these attributes franchisors will usually migrate to one of the following approaches:
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 moreThe Best Franchise Opportunities You’ve Never Heard Of
Posted by Jeff Lefler April 13, 2017
Quick! How many franchises can you name? More than likely, you thought of national franchises like McDonalds, Chick-Fil-A or Applebee’s. These companies are prevalent across the country. But that is just the tip of the iceberg in franchising. There are over 2,500+ franchise opportunities. In our recent Facts & Figures report: Kings & Paupers: The Long Tail of Franchising, we studied the franchise industry and 73% of franchise systems have less than 100 outlets. These emerging brands may offer great investment opportunities for you but without knowing about them, how would you be able to compare them to a national franchise?
Read moreWhat’s Pushing Your Buttons?
Posted by Franchise Grade Team April 3, 2017
What motivates you? Are you motivated by fame, fortune or fear? Or is it something deeper that fans the flames inside of you? Perhaps you are like Jeanne Louise Calment whose burning desire enabled her to do something that no other human being has done before. A feat so spectacular that it generated headlines around the globe, got her a role in a motion picture, and landed her in the Guinness Book of World Records. A record that has yet to be beaten.
Read moreFranchisee Training Resources
Posted by Franchise Grade Team February 3, 2017
Nearly every business in the franchising industry has its own vaunted pool of industry-specific “training resources”. For example: The restaurant industry has the National Restaurant Association (www.restaurant.org). Their training programs cover everything from training for the general manager to the people who actually prepare and serve the food. But there are also training resources for those who may not have decided on an industry to jump into; resources that can give you a bit more insight into what it takes to become a franchisee; to help with your decision-making. A couple of favorites:
Read moreNew Research Examines Investment Risk in the Home Care Franchise Industry
Posted by Ed Teixeira January 10, 2017
FranchiseGrade.com has published the annual Home Care Franchises Sector Report, highlighting the best investment opportunities among 69 unique franchise systems
Read more