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6 Terrible Reasons to Start A Business

Posted by Jeff Lefler November 10, 2016

Almost every article out there tells you to go for it. Start your own business! Live the American Dream! The truth is not everyone should start their own business. If you are thinking about starting your own business, slow down and think of the reasons why you want to do that.

Four Ways to Enhance Franchise System Success

Posted by Franchise Grade Team October 12, 2016

Like the owners of any business, those running successful franchise chains tend to manage their companies differently from their counterparts at unsuccessful systems. While much of what differentiates the best from the rest is similar to what separates all high performing companies from low performing ones – better products, employees, and appreciation of what customers want – research also shows that high and low performing franchisors design their systems in four fundamentally different ways: They have different rules about who can own outlets; use different mechanisms to control franchisee behavior; take different approaches to the time horizon of their agreements; and employ different policies toward advertising and brand name development.

Three Franchises that Cater to Parents

Posted by Franchise Grade Team September 5, 2016

An increasing number of parents find themselves in need of quality childcare. In the past, most women were expected to stay home to take care of the children. However, as a result of higher living costs and women gaining more independence most mothers are reluctant to leave their job when they have children. In 2015, 60.6% of households had both parents working. Single parent families often find themselves in need of childcare as they try to balance their job and home life. In these situations, it's important to have a child care provider that understands the needs of modern parents and can meet to their needs. Here are 3 Top Child Care franchises that cater to the needs of parents.

The Great Recession and the Real Estate Sector

Posted by Franchise Grade Team August 1, 2016

It’s been almost a decade since the worst economic crisis in modern American history took place. The period between late 2007 and the summer of 2009, known as the Great Recession introduced severe economic conditions in the United States including high unemployment, declining real estate prices, high mortgage foreclosures and tight credit markets. Now, as economic conditions have improved and there has been a return to economic normalcy, there remains economic uncertainty remains in the minds of some people. This translates to some apprehension on the part of potential home buyers.

5 Tips On How To Start A Successful Business

Posted by Franchise Grade Team July 19, 2016

Starting your own successful business can be rewarding. You have the opportunity to be your own boss. But it's also very difficult. Success or failure is squarely on your shoulders. According to Forbes, 8 out of 10 businesses fail within the first 18 months. So what makes the other 2 out of 10 businesses successful? Successful business owners have traits that lead to their success. Hard work, passion, creativity and focus are key traits of every business owner, so why are some successful and others fail?

Making a Case for Mandatory Item 19 Disclosure

Posted by Franchise Grade Team July 13, 2016

The US Securities Act of 1933 (the Securities Act) requires that the disclosure filing of a registration statement with the Security and Exchange Commission and the distribution of a prospectus in connection with the Initial Public Offering for investors must contain certain financial statements and other financial information regarding the issuer’s financial condition and results of operations.

Franchisee Centric or Franchisor Centric?

Posted by Franchise Grade Team July 4, 2016

Although there may be differences in the way franchisors operate their franchise system we can assume with confidence, that franchisors intend to develop a franchise network with profitable franchisees and strong brand recognition. If there is an operational difference among franchise systems, an indicator can be found in the balance found within a franchise system. I would describe this in terms of how a franchisor interacts with their franchisees. This is not to say that all franchisors aren’t concerned about their franchisees but rather what is the operating philosophy that certain franchisors utilize. In order to more clearly define this phenomenon, I believe that franchisors usually fall into one of the following two categories or somewhere in the middle; Franchisee Centric or Franchisor Centric. Problems can arise when there is a pattern of overly emphasizing one approach over another.

Technology Should Complement Not Replace Franchise Communications

Posted by Franchise Grade Team June 6, 2016

There is no denying that technology has enhanced the ability of people to communicate in mere seconds in a variety of ways. However, despite the advantages of enhanced communication, it does raise certain issues, especially as regards the franchise industry.

Establishing and Maintaining Positive Franchise Relations

Posted by Franchise Grade Team April 15, 2016

One of the most important byproducts of the franchisor-franchisee relationship is the state of franchise relations, which can range from positive to negative. The most common and immediate measure of franchise relations is derived from a combination of franchisee surveys, franchisor-franchisee litigation and feedback from a franchisee advisory committee or franchisee association.

Franchisors Should Be Confident Yet Candid

Posted by Nate Riggs April 8, 2016

When presenting their franchise concept to qualified prospects, franchisor staff should balance their presentation with their confidence in the franchise and the amount of effort it takes for a franchisee to be successful. Franchisors that follow this advice have a better chance of developing a successful franchisee network.