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Before You Buy A Franchise

before

Before you buy a franchise…that’s when you need to get advice. But, not just any advice. You need advice that’s second to none. You need to get outstanding advice. Top-of-the-line advice. Sound advice. Proven advice.   You Need To Have Confidence Not having confidence in your ability to properly choose, correctly research, and buy the right [...]

Would You Do It Again?

Are they happy? Do you want to find out if the franchisees you’re calling are happy with their decision? I have a way for you to find out if they’re happy with the franchise that they now own…and it works every time. Just watch me ask a current franchisee of “Bucket of Wings,” franchise research [...]

Are Today’s Franchisors Being Persnickety?

(Mariel Miller contributed to this blog post) Could you be getting a little too picky? Are you turning away too many franchise buyers? Are you shooting yourself in the foot by trying to be too particular about who you bring into your franchise system?   Franchise Buyer Assessments There is a revived interest these days in [...]

Top Franchise Topics And Tips For 2012

crown franchise king blog

(A view from The Crown)   2012 was quite an interesting year. It was dominated by a lot of loud political discourse on blogs, Facebook, Twitter, and the like. And, in-person political discussions were frequently of the “heated” variety. In business, small business owners-including franchisors and some rather loud franchisees, jumped into the political fray…a [...]

Don’t Turn Your Business Into A Franchise

right?

  Please don’t automatically think that you have something to franchise.   Because you probably don’t. Seriously; just because you, “feel” that you can turn your independent business-or yet to be business, into a franchise business, it doesn’t mean that you can-or should. People contact me all the time for franchise advice…that’s fine. It’s what I [...]

You May Be Too Close

(Courtesy of barbourians on Flickr.) If you’re seriously contemplating the purchase of a franchise business…any kind of business-actually, you could be way too close to it. And, if that’s the case, you’re decision-making skills-with regards to a major investment decision like becoming the owner of your own business could be affected in a negative way. [...]

Determine How Good A Franchise Marketing System Is With These 7 Tips

Part of what you’re paying for when you become the owner of a franchise, is their marketing system. (And, hopefully their marketing prowess.) But, how can you find out if their franchise marketing rocks? Luckily for you, the powerful business model of franchising has been around long enough to make it fairly easy to get answers [...]

The Definition Of A Franchise

subway franchise

When I ask people if they know what a franchise is, their answers are usually “branded” ones. “Yeah, Joel…I know what a franchise is. McDonald’s is a franchise. Subway is a franchise. ” Those answers are correct. But, I’m looking for deeper answers. To get those, maybe I need to change my question. Could something like [...]

Important Franchise Information! Get a Lawyer!

I’m issuing a challenge; stop by the comment section that’s located right underneath this franchise blog post, and enter into a debate with me. Go ahead; share your reasons for not engaging the services of a competent  lawyer as you near the finish line. The finish line I’m referring to is the one involving your signature. [...]

Top Franchise Questions To Ask Current Franchisees: Question 11

I commend you; you’ve made the decision to explore franchise ownership as a way to help you get where you want to go. While there are no guarantees that you’ll find a franchise that meets all of your criteria, you feel that your search for the right one is well worth your time and effort. [...]