The Franchise King
Searching for a franchise opportunity can quickly become overwhelming. I’m here to tell you that it doesn’t have to be. Read on. Of Course You’re Overwhelmed If you’ve never searched for a franchise to buy, trying to weed through thousands of opportunities can be pretty frustrating. Here’s why: You don’t know what you don’t know. You only think [...]
Owners of retail franchises only have so much space to work with. It’s limiting…so as an Owner, you can pretty much only sell what your customers can see and touch. So, when corporate decides to add a brand-new product line that’s going to take a significant portion of your shelf space, you-as a franchisee, may [...]
The franchise tips and advice I dole out tend to be focused on The You. Like, this one: “When you’re looking for a franchise, find one that’s right for You.” In other words, don’t go out and buy a franchise just because “they’re everywhere.” Like these hot franchises. You should definitely keep the focus of your search [...]
If you’re going to allow my industry’s best marketing people to embed some of their most convincing catchwords and phrases into your subconscious… It’s up to you to make sure that the franchise business opportunity you choose has teeth. (Courtesy of Karen_O’D, on Flickr) A Business In A Box? What does that mean? What do [...]
(Courtesy of scalleja on Flickr.com.) The reason that Apple executives will never franchise their Apple retail stores has to do with two things: 1. Profit 2. Control Allow me to explain… Record-Setting Profits Just last quarter, Apple earned $8.8 billion in net profit. From their Press page: “The Company sold 26.0 million [...]
When you get an active franchisee of the concept you’re looking into on the phone, I want you to look at each and every minute you have with the franchise owner as being golden. That’s because if you’ve approached the franchisees that you’re calling in the proper fashion, you’ll be able to easily find all [...]
Eventually, you’re going to want to open your new franchise business. You’ve already invested a couple of months (at least) into choosing the right opportunity; you’ve submitted the proper business plan to your lender, and were able to get your business loan approved. You’ve put some money out, and you’d like an opportunity to start [...]
When Henry Ford’s assembly line started cranking out automobiles in 1914, an efficient distribution system had to be put in place to move all of this new metal. Henry Ford, (and to some extent, General Motors) introduced franchises/dealerships to courageous entrepreneurs in cities and towns all over America. In the early days, there were no [...]
Just in case you don’t know what RAL’s are, here’s the dealio; Refund Anticipation Loans are one to two week loans made by banks and offered by tax preparers, secured by a taxpayer’s anticipated tax refund. These types of loans and checks are usually targeted to lower-income people, and often consumers who don’t have formal banking [...]
