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An Office Flood Taught Us How to Manage Remote Employees
Posted by Jeff Lefler January 24, 2018
Right after New Years, during the cold snap, pipes froze and burst at our office, damaging desks, walls and some electronics. It was a big enough flood that we needed to vacate the office while renovations occurred.
Read moreGrowing Your Franchise System Takes More Than Leads
Posted by Ed Teixeira November 30, 2017
Traditionally, the primary measure of franchise success has been system growth. Whether in press releases or industry ranking reports, new franchise locations take’s precedent over other news. It’s rare when a franchisor or PR agency publishes news about an accomplishment other than the addition of a new location.
Read moreSlack – Just another workplace distraction
Posted by Jeff Lefler September 22, 2017
It takes a lot of pieces, moving in the same direction, to run a successful business. In office communication, it’s critical to ensure everyone is on the right path, there are no blockers and everyone knows what they need to do.
Read moreHow Franchise Brokers Benefit from Franchise Benchmarking
Posted by Ed Teixeira August 10, 2017
Most franchise brokers are part of a specific network that has a portfolio representing 200 or more franchises. This can be an advantage to franchise candidates since these broker networks require a franchisor to meet certain performance standards before being accepted. The objective is to provide prospective franchisees a choice among the most successful franchises to choose from. However, there can be a disadvantage to this approach since a prospective franchisee may have an interest in a franchise that’s not part of a broker’s portfolio. Some brokers can work out of network with a franchise candidate. Because broker networks don’t demand exclusivity from a prospective franchisee it’s not unusual for a candidate to work with several brokers.
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 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 moreNever Open A Franchise Because of These Four Reasons
Posted by Jeff Lefler November 25, 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 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 more6 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.
Read moreA Checklist for Finding the Best Franchise
Posted by Franchise Grade Team October 27, 2016
Prospective franchisees need a checklist for finding the best franchise. The checklist should include the type of territory, type of franchise and the investment. Once a franchise is selected, the next step for finding the best franchise , should be checking the franchise performance. One of the best ways is to focus on areas that measure the risk of the franchise investment. Here are seven areas used by FranchiseGrade.com to grade a Franchise Investment Profile. It’s based upon the Franchise Disclosure Document and compares franchise performance to franchise systems and the franchise industry.
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