The Franchise King
(Photo of Cape Town, South Africa courtesy of Sara and Joachim on Flickr) According to Derek Smith, the new chairman of the Franchise Association of South Africa (FASA), franchising in South Africa is poised to play a significant role in growing the economy through training and job creation. He also said this about franchise success [...]
Here we go again. It’s starting all over. It’s amateur hour. Franchise Success If you buy a franchise, your likelihood of success depends on a lot of factors. You read that here. But, if you saw a recent article about franchising in the Sacramento Business Journal, your take on “success in franchising” would probably be quite a bit [...]
(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 [...]
(Courtesy of Kei!, on Flickr) I was reading the story of how a potential Doctors Express franchise owner was turned down for a franchise loan, and my first thought was this; I would have turned him down, too. Would you like to know why? No Medical Background Doctors Express is a very young franchisor. [...]
(Courtesy of ☺Lee J Haywood, on Flickr) I’m not sure how far along you are in your search for a franchise business opportunity, but there’s a term that I want you to become familiar with. The term I’m about to turn you on to is used aggressively by most franchise broker and franchise consultant groups. Here it it [...]
Did you watch…scratch that, did you attempt to watch Nik Wallenda #WalkTheWire ? You do know what I’m referring to, right? Well, just in case you were hanging out in your Glenn Beck designed underground bunker last weekend for a practice “End of The World “drill (and weren’t near a television), allow me to clue you in [...]
By now, there’s one thing that you should know about me; I don’t spin things. At all. And, I don’t have to. Here’s why; I’m a WYSIWYG guy. (What You See Is What You Get) If I write something about a particular topic, it’s not by accident. I mean it. Same thing goes for things [...]
Successful franchise owners have several things in common. 1. They learned all they could about the franchise model 2. They chose a franchise that matched their skills and personal traits 3. They did incredible research 4. They stayed within their budget 5. They got the right small business loan 6. They used a franchise attorney [...]
Remember; you read it here first…. With very little effort on my part, I’ve been able to uncover some amazing franchise industry statistics regarding the success rates of all the franchise businesses in the US. And, I do mean amazing…. Look what I’ve been able to find; 1. From PaloAltoOnline “Success rates appear [...]
