(This post, “Lessons From a First Time Fitness Franchisee,” was written by Paul Goldsmith, a trusted Guest Contributor) “Pursue your Passion” is terrible career advice for most people. I live just outside Nashville...
Franchise Purchasing
Joel Libava
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...
These Chick-fil-A Franchise Profit Numbers Are Bogus
I just came across the following headline concerning Chick fil A franchise profit: “This $10,000 Chick-fil-A Franchise is Making Millions and You Can Too“ That blog post headline is misleading at best and...
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...
Top Franchise Research Guide
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...
Get A Guaranteed Revenue Stream With This Franchise Opportunity
I’m not kidding. I found a franchise opportunity with guaranteed revenue for franchisees. And I’ve looked through their franchise documents and didn’t see any fine print about their guarantee. Really. (Sponsored...
The 2022 Franchise of The Year
Before I reveal The 2022 Franchise Of The Year, I need to establish a couple of things. “I liked the shaver so much, I bought the company!” The late Victor Kiam, CEO of Remington, said that. And his quote...
Will Owning A Franchise Make You Unhappy?
I doubt very much if you think you’ll be an unhappy franchise owner. It’s probably not in your wheelhouse. Whatever that means. But is it possible? Is there a chance you’ll be an unhappy franchise...
Will Owning A Franchise Make You Happy?
Could it? Could owning a franchise business make you happy? It depends. Let’s dig in. Define Happy You own your definition of happy. For instance, you may get a great deal of joy from playing in the...
Why Aspiring Franchise Owners Are Going To Need More Money In 2025
Moving forward, all aspiring franchise owners need to rethink their current money situation. That said, it’s not necessarily a bad thing. Call it the prudent thing to do. (Courtesy of Dictionary.com) Keep reading...
Do Fed Rate Increases Impact Franchise Lending For Aspiring Franchisees?
Franchise lending is always impacted by decisions made by the Federal Reserve. And that means aspiring franchisees will be impacted too. It always trickles down. Heck, even current franchisees will be affected...
Why Training Your Franchisees Is So Darn Important
(Guest Post on training franchisees) As a franchisor, you should recognize that you’re in a very fortunate position. You’re able to help others (like your franchisees) in many different profound ways, influencing...
Franchise Rules And You
Do you know how important franchise rules are? I hope so. Because your knowledge and acceptance of them will help you a lot. I’ll explain. The Reason For Franchise Rules Why is the franchise model based on...
A Reverse Podcast Interview On The Franchise Business
What the heck is a reverse podcast interview on the franchise business? Wait. You don’t know? It’s when the person interviewed shouldn’t be the person interviewed. I’ll explain. Franchisee...
“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...
What To Do When You Don’t Like The Franchise Opportunity You Thought You Did
Sometimes you’ll get excited about a specific franchise you’ve found, but find out you don’t like the franchise opportunity at all. What should you do if that happens to you? Let’s find out...
Have You Looked Into The My Eyelab Franchise Opportunity?
I want you to “look” at the My Eyelab franchise. It’s a retail franchise. “Retail??? Are you crazy, Joel?” Maybe. But before I tell you about this franchise opportunity in the retail sector, and the My...
How Risky Are New Franchise Opportunities?
I get asked about new franchise opportunities all the time. I also get asked if I think they’re risky. My answer: It depends on how you define “risky.” Maybe a better question is this one: “Are...
Maybe You Should Buy An Avis Franchise
Recently, I spent 20 minutes trying to line up a rental car for the vacation we’re finally taking (after two years of Covid). It got me thinking about the franchise car rental business. For example, is Avis a...
The Franchise Direct Top Global Franchise Businesses For 2022
My strategic partner, Franchise Direct, has just released their Top Global Franchise Businesses List for 2022. And the best part? The team at Franchise Direct has been producing the Top Global Franchises list since 2009...
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...
The 10 Best Franchise Opportunity Websites And Portals (Updated)
If you’re on the hunt for the perfect franchise to buy, you’re most likely going to start your search by browsing through the best franchise portals and franchise websites (hopefully). But let’s be...
Why You Never Want To See A SERVPRO Van On Your Street
Seeing a SERVPRO van, or a van/truck from any one of the hundreds of other restoration companies on your street is never a good sign. That’s especially true for the homeowner or business owner that the vehicle is parked...
I Want To Own A Franchise, So I Can…
Why do you want to own a franchise business? What’s the reason? Wait. Is it possible you have more than one reason why you’d like to be your own boss through franchising? In this post, I’m going to...
The Honest Truth About Low Credit Scores And Franchising
If anyone in franchising tells you your low credit score won’t affect your ability to buy a franchise…they’re being dishonest. But why would someone do that? To give you hope. And if they happen to be...
Are You Sure You’re A Good Fit For That Franchise?
I sure hope you’re a good fit for the franchise you’re excited about buying. Because if you’re not… Have You Ever Experienced This? This should get you thinking. Have you ever walked into...
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...
Franchise Discovery Day Secrets: Your Path To Fully Informed Decision-Making
First things first. What is Franchise Discovery Day? It’s the day you travel to headquarters to visit with the franchise business team and the executives. It’s a big day…an important one, and it needs...
Are You Looking To Buy An Existing Franchise Business In 2024?
With the amount of businesses available to buy these days, you may want to look into buying an existing franchise for sale. Why? Why not? Buying An Existing Franchise For Sale Solves A Couple Of Problems One...
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...
5 Signs You’re Not Exactly Looking At The Best Franchise Business To Open
I get it. You want to make sure you’re looking at the best franchise to open. But if you’ve never looked at buying a franchise, how will you know when you’ve found the best one? And how will you know what to watch out...
“Let me be clear Joel. I make the decisions in my house.”
Is that you? Is that how you approach the decision making process? Really? If so, you may have a problem. Why? Because in my experience, 9 times out of 10, there’s more than one person involved in the final...
Why This May Be The Best Time For Pro Athletes To Invest In Franchise Businesses
There’s no time like the present for professional athletes to think about their futures. Why? Because pro athletes have short careers. And there’s a lot of commercial real estate space available. Whether...
How To Find The Best Location For Your Franchise Business In L.A.
The world of franchising is a highly competitive space. More than most industries, it feels like there is a constant barrage of competitors tracking up the rear. With this in mind, taking any chance you can get to stand...
Would You Feel Guilty Owning This Type Of Franchise?
With all the different types of franchises available these days, are there certain ones you’d never consider buying? For the purpose of this discussion, I don’t mean “I’m not interested in fast...
You Found The Franchise Opportunity Of A Lifetime, Except…
“I’m sorry. The franchise is sold out in your area.” In the 20+ years I’ve been doing this, I estimate that 20%-25% of my clients interested in the franchise business model have felt the sting of...
How To Screw-Up Your Search For A Great Franchise Opportunity
Let’s say you’ve had it with your corporate job. You’ve decided that you want to be your own boss, and you want to find a great franchise opportunity. A real “pearl.” Specifically, a...
What Do Franchise Coaches Really Do? {With Updates}
I want to talk about a franchise coach. Not a particular one-just the actual title. Why? Keep reading. On Words Words matter. They can be used in several different ways. And, I hate to break it to you, but...
Meet A Rockin’ Multi-Unit School Of Rock Franchisee
(School Of Rock Franchise) Before I share my interview with Greg Moore, who owns the School Of Rock franchise business in West Des Moines-and his just-announced 2nd music education franchise location, Marion-Cedar...
CVS Pharmacy: A Franchise-Ready Business With Crazy-High Revenue
A question: is CVS a franchise? Have you ever wondered that yourself? They sure have a lot of retail locations. Heck, there are two of them within 3 miles of my Castle in Ohio. But before I begin here, one question...
The Ugly Truth About Franchise Opportunity Rankings
Here’s a little-known fact about franchise rankings that you see for franchise opportunities you’re potentially interested in buying. Franchise industry insiders…the people who are actually in the...
3 New Ways Senator Masto Wants To Protect The Next Generation Of Franchisees
(Courtesy of (115_of_122)_(48309882721).jpg) A new Franchising Report from Senator Masto was just released. It revealed a lot about the franchise industry. With that being said, is U.S. Senator Catherine Cortez Masto an...
The Top Franchise Trends And Predictions For 2021
Before I share the top franchise trends for 2021, along with my Royal predictions (including a number of predictions from extremely smart franchise industry and small business owners/experts who ‘know things’), there’s...
Is This Social Franchising Idea Too Good To Be True?
Social franchising, on a purely spiritual level, is a beautiful idea. On paper, I’m not so sure. Why is that? Because people with a lot of wealth, in this case, philanthropic investor partners- have their limits...
Wax On Wax Off: The Lunchbox Wax Franchise Opportunity
Are you ready to learn about the LunchBox Wax franchise? Recently, as I was bopping around online, I ran across a business called “Lunchbox Wax.” Strange name, right? But check out what this rather unique franchise...
3 Free Tools That Will Make You A Smarter Franchise Buyer
Before you begin the franchise buying process, you need to do a few basic things. The first thing you need to do is determine why you want to become a franchise owner. Is it to become rich? Are you sick and tired of...
Meet Melissa Tash, Head Of The Spoiled Rotten Photography Franchise Organization
(Sponsored Post) My gut tells me that Melissa Tash, the creator of the Spoiled Rotten Photography franchise opportunity, is on the right track. Why? Maybe if I show you… I saw you smile. And smiling is what...
The Most Popular Franchise Blog Posts Of 2020
What follows is a list of the most popular franchise blog posts of #2020. Whether you’re a new reader or someone who gets regular updates from my VIP Franchise Newsletter (which includes my latests posts), I think...
Should You Become The Owner Of A Delivery Franchise For Amazon?
Have you ever wondered how to start a delivery franchise for Amazon? With the rise of online shopping and Amazon’s global dominance in e-commerce, their Delivery Service Partner (DSP) program offers entrepreneurs...
Owning This Chicken Restaurant Franchise Practically Guarantees You A 1400% Annual Return On Your Money
Good news! It’s entirely possible to own a chicken franchise and get a 1400% return on your money. How? Keep reading. This isn’t fake. But before I begin, I need to say something. In view of the fact that...
Go On A Wild Goose Chase With A Geese Chasers Franchise
Believe it or not, there are geese chasers…wild goose chasers needed. Why? Because Canadian Geese need to be removed from certain areas. And property owners are very willing to pay for their removal. I know what...
