(Image courtesy of the Big Chicken website) Shaq’s Big Chicken franchise, Shaquille O’Neal’s not so new entry in the fast-casual restaurant space continues to get lots of attention in 2025. In a moment, I’ll...
Buying A Franchise Business
Joel Libava
Franchisees: How To Avoid These 3 Big Money Mistakes
By Meghan Mitchell Although franchising can be a lucrative and rewarding way of owning and operating a business, there are 3 big franchisee money mistakes today’s franchise owners need to avoid. But before I go...
The 2024 Top 100 Global Franchises From Franchise Direct
In an ever-evolving economic and small business landscape, where innovation, adaptability, and just plain smarts reign supreme, the allure of franchising continues to captivate aspiring franchise owners from around the...
Can You Use Your 401K To Buy A Franchise?
Many aspiring entrepreneurs consider various options to fund their ventures. One question that often arises is whether you can use your 401k to buy a franchise. The answer: yes you can! If you’re qualified, you...
Franchising And Your Family
In this post, I’m going to focus on franchising and your family. That’s because it’s something that’s not talked about nearly enough by people looking to buy a franchise-and those who offer...
The Absolute Best 45 Reasons To Purchase A Franchise In 2024
I have no idea where your head’s at with regards to purchasing a franchise. Or your reasons for doing so. At the same time, maybe you’re on the fence. I get it. It can be risky to get into business, and that...
A Huge Collection Of Essential Articles On Franchising
In case you don’t know, I’ve written dozens of franchise how-to articles over the years. And thousands and thousands of aspiring franchise business owners from all over the world have read them. To that end...
Seeing Through The Franchising Success Rate Mirage
Let’s talk about the franchising success rate. And how it’s spun. The Likelihood Of Success In Franchise Ownership If you buy a franchise, your chances of success depends on a lot of factors...
Franchise Advice: Top 10 Tips For Buying A Franchise Business
In this post, I’m going to give you my best franchise advice on buying a franchise you can be successful owning. Tip: bookmark this page before you begin reading my top 10 tips for buying a franchise. Why? Because...
Leap to Profits: The Smart Move Of Buying An Existing Franchise
One option-if you’re on the hunt for a franchise to own, is buying an existing franchise. That’s certainly one way to go, and there are definite advantages. In a moment, I’ll show you a few advantages...
On Having Freedom and Control In Your Career (And Your Life)
That man has freedom and control. How do I know? Just look at his smile! That said, I need to tell you that most of the folks that I consult with about franchise business ownership are not only focused on making money...
Royalty Fees: “I Love Paying $33,600 A Year In Franchise Royalties!” (Said No One Ever)
Conversations about franchise royalties generally fall into 5 clear-cut categories. “Why do I need to pay royalty fees? What are they for?” “I’m not sure if I want to pay them.”...
From Start-Up To Success: Your Franchise Business Journey
Let’s talk about your potential franchise business journey. From my strategic partner, Franchise Direct: “The franchise owner journey is unique because there’s flexibility and a structure to guide your way...
How To Sell Your Franchise For Enough Money To Retire
If you want to learn how to sell your franchise business for big money, so you can retire in style, follow along. You’ll be glad you did. Owning, Then Selling Your Franchise Owning a franchise is one of the most...
Your Franchise Journey Starts With A Personal Financial Snapshot
It all starts with your personal financial snapshot. That’s right. Taking stock of where you stand financially is the the first thing you need to do. Before you go to Google or Bing and type in “franchise...
Get In On The Ground Floor: Genius New Home Services Franchise Unveiled
I was just told about an extraordinary new home services franchise opportunity that’s about to enter the scene. Whether you’re a seasoned entrepreneur looking to diversify your business portfolio or...
Build A Franchise You Can Sell For A Nice Profit
This post is about getting to a place in which you can sell your franchise. “Wait. I haven’t even bought a franchise yet, Joel.” That’s okay. But you need to have an exit strategy. And not when...
“Would It Be Risky For Me To Buy A Franchise?”
The young man from Portland, Oregon I talked with wanted to own his own business. And with only $110,000 to his name (which he didn’t want to lose), he felt that buying a franchise would pose less of a risk. But...
My Big List Of Franchises Offering Money-Back Guarantees (Updated!)
I got you at big. Franchise lists are popular this time of year. Big lists…top 10 lists. Lists like that are great. Franchise lists-and lists offering top tips, can be a good starting point for you if you’re...
Are Franchise Startup Costs Getting Too High?
Yes. Franchise startup costs are starting to get too high. But why? Is inflation to blame? Are franchise ownership startup costs becoming higher because there’s so much interest in franchising? Or is it something...
Franchising And AI: Is Your Franchise Information Coming From A Human?
This post examines franchising and AI. I hope it gets you thinking. With that in mind, one of the best things about franchising is the ability to acquire a serious volume of specific franchising information...
When A Franchise Business Consultant Says This, Run Like Hell
You’re not going to believe what this franchise business consultant just wrote. Are you ready? From A Franchise Business Consultant Here’s what she said. “I am here to give franchisee candidates impartial, expert advice...
What Is The Definition Of A Franchise Business?
I’m going to assume you’re here because you want to know the genuine definition of a franchise. Great! Read on, so I can tell you! The Definition Of A Franchise I’m quite confident that if I asked 5...
Franchise Fees Demystified: A Comprehensive Guide for Prospective Franchisees
For years, people have been saying “You shouldn’t buy franchises because the franchise fees are too high.” Unfortunately, these “people” don’t understand how franchising works. I do. In this post, I’m going to tell you...
Throw Your Spreadsheets From The Train!
Okay, maybe don’t throw your spreadsheets from a train-because littering. But dispose of them now. “What Joel?” I’m not kidding. Throw them out. Better yet, place them in your recycling...
Accounting Tips And Tricks For Franchisees
(Sponsored Post on “Accounting For A Franchise,” written by Josh, from Profitwise Accounting) When you open up your first franchise, you’re essentially buying into an already successful business model...
One Entrepreneurs Love-Hate Relationship With Weekends
As an entrepreneur, I have a love-hate relationship with weekends. And it goes way back. Back to when I was a kid. I’ll explain, and then fast-forward to my feelings about weekends now. Maybe something I say will...
What You Need To Know About Buying A Franchise
There are several things you need to know when buying a franchise. And all of them are important. Like: What it takes to start a franchise The downsides of franchise ownership Pros and cons of using a franchise...
