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...
Buying A Franchise Business
Joel Libava
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...
Top Franchise Research Guide
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...
How To Move Into The Fast Lane Of Franchise Revenue And Profitability
Would you like to know how to move into the franchise fast lane? How to quickly bring in revenue that becomes profit for your franchise business? I thought so. Let’s take a look-see. How You Arrived...
Imagine the Glory: Owning Multiple Franchises And Dominating The Market
Can you imagine how great you’d feel if you owned multiple franchises? Put another way, can you imagine how you’d feel if you owned a business that had numerous locations pumping out lots of revenue and...
On The Importance Of A Franchise Business Plan
How important is a well written franchise business plan these days? (Note: This article is appearing here courtesy of Terkel.) To help you best appreciate the importance of a business plan in franchising, we...
What Everybody Ought To Know About Franchise Experts
What are franchise experts? I’m being serious here. Better yet, how do you know someone is a franchise expert? Hold on. Maybe a better question to ask is this: How can you know if someone is an expert on...
Why Franchise Buyers Need To Stop Acting Like Investors
Franchise investors are groups/businesses that focus on investing in a franchise. And they do it for one reason, and one reason only. That’s to get a high return on their investment. Here’s an example of a...
401(K)Franchise Financing: Using A 401(K)To Start A Business
(This guest post is about how to use a 401k to start a franchise business. It’s another form of financing you need to explore. And it’s courtesy of Guidant Financial-I’m an affiliate.) If you’re...
“I Have An MBA And A Wealth Advisor. Why Do I Need You?”
My answer to that question didn’t go over well with this MBA-Possessor, with a Wealth Manager on the side. Not at all. I’ll explain. On one of my recent Complimentary Calls, the prospective client in...
The Startling Truth About People Who Buy Franchises
Most people who buy franchises have absolutely no idea what they’re doing. Kind of harsh, right? Especially if you happen to be looking at franchise opportunities. But it’s true. And it has nothing to do with your...
Top 10 Best States To Start Your Franchise
So you want to start a franchise. That’s fantastic! But where should you open your business? What states? I’ll show you. 10 Best States To Start Your Franchise Before I share the top 10 states that...
Is This Stopping You From Buying That Franchise?
There are lots of factors that go into making a yes or no decision on buying that* franchise. *The franchise opportunity you’ve pretty much decided is the one for you. But in my experience, more often than not, it’s one...
What Did These Franchise Business Brokers Know, And When Did They Know It?
If you’re searching for the right franchise to own, and you’re thinking about working with franchise business brokers to find one, you need to read this. That’s because some of the brands that brokers...
Do You Have Franchise Buying Hesitancy?
(A hesitant franchise business buyer) If you’re not hesitant about buying a franchise, you may want to have a trained specialist check your wiring. After all, safety first! (A trained specialist) Now I’m not saying...
What “Buying a Franchise” Really Means
(Grand Opening of a new franchise business) In this post, I’m going to explain what the phrase “buying a franchise” actually means. Meet Jim Jim is was the Director of Marketing for a company that...
The #1 Cause Of Sleepless Nights When Buying A Franchise Is…
There’s something you need to know about buying a franchise, and it has to do with sleep. It’s this: you’re going to have a lot of sleepless nights. That’s because buying a franchise is a...
This Is Why Future Franchise Owners Feel Frustrated
If you’ve been looking for a franchise to buy for any length of time, you know first-hand how frustrating the process can be. Some of your frustrations revolve around volume; the sheer number of franchise...
Breaking Even In A Franchise: When Does It Happen?
Breaking even in a franchise is one of the most important things you need to find out about. That’s because you’ll know when your franchise profits will start rolling in. Got it? When Do You Break...
