Emotion: Ambition (3)
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The 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 more6 Tips for Finding the Best Franchisees for Your Business
Posted by Franchise Grade Team November 1, 2016
For your franchise system to be successful, it has to be built on qualified and competent franchisees. Successful franchisees can help to promote your franchise brand while growing your network and increasing revenues, which are both key elements in attracting potential franchisees and help maintain the overall health of your franchise system.
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 moreOnline Marketing and the Real Estate Sector
Posted by Franchise Grade Team October 19, 2016
Over the past several years’ companies have seen dramatic changes in the way they market and advertise their products and services. The introduction and dynamic growth of social media and online marketing has permeated virtually every aspect of people’s lives. These dramatic changes have provided franchisors and franchisees new ways to reach potential customers. This is especially true for the real estate sector, as many potential investors, whether looking to purchase a house or a real estate franchise, search the Internet to research and learn about their potential investment opportunities.
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 moreFour 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.
Read moreHome Based Children’s Franchises Provide Ease of Entry
Posted by Nate Riggs September 27, 2016
As the popularity of children’s service franchises increases, the number of home-based franchises account for 30% of those franchise systems. Combining the benefits of a home based franchise with the increased demand for children’s services represents a good opportunity for certain franchise candidates. The use of new technologies has accelerated the growth and efficiencies of home-based franchises. In the past, a person that operated from a remote location would have limited resources to manage their affairs. Today, it’s become common place for business owners and employees to work from home.
Read moreThe Most Critical Time in the Life of a New Franchisee
Posted by Franchise Grade Team January 31, 2016
In my experiences I’ve had the opportunity to observe a number of franchisee startups in several different franchise systems. One conclusion I drew from this experience was how important the first ninety days are to a franchisee startup. An important factor to this time period is the amount of support the franchisor provides to a new franchisee. When evaluating a franchise opportunity, a prospective franchisee needs to include the amount of services and support they can expect to receive during their grand opening and startup phase, on their checklist. This includes sample press releases, marketing materials, advertising support and on-site assistance.
Read moreAnnualized Costs Of Initial Franchise Investments
Posted by Franchise Grade Team May 12, 2015
One of the leading causes of franchisee failures is undercapitalized franchisees. Being able to more accurately predict the financial requirements of a franchise investment and compare the results to available investment capital can lower the risk of being undercapitalized.
Read moreHow Item 19 FPRs Are Shaping The Franchise Industry
Posted by Franchise Grade Team May 7, 2015
Item 19 Financial Performance Representations (FPR) are a key component in any prospective franchisee's due diligence process. FPRs help them to analyze a franchise investment for the opportunity of a return. They are critical in constructing a pro forma income statement and cash flow projections.
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