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...
Franchise Opportunity Research Information
Joel Libava
My Thoughts About Franchising Opportunity Reviews
My thoughts on franchise opportunity reviews are way different than others in the franchise industry. First off, they’re based on my 21+ years of experience in franchising. I’ve watched franchises become...
Lessons From A First-Time Fitness Franchisee
(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...
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...
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...
A Constantly Updated List Of Business Opportunities
I’m not sure if you’re aware of this, but Franchise Direct (a long-time strategic partner of mine), prominently features a list of Business Opportunities on their popular website. And it’s constantly...
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 You Need To Call 10-15 Existing Franchisees
I’ve been telling aspiring franchise owners (as part of their research) to call 10-15 existing franchisees for 21 years. There’s a reason for it. It’s because talking to lots of franchisees gives you access to the...
A Few Things You Need To Know About A Franchise Contract
Reading over a franchise contract for the first time tends to put everything into perspective. In a big way. That’s because doing so can serve as quite the reality check regarding what you may be about to embark...
Why You Need To Avoid This Franchise Due Diligence Trap At All Costs
Done right, franchise due diligence provides you with the vital information you need to make a smart, profitable choice in a franchise to buy. But if you do it wrong, because you didn’t take to the time to learn...
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...
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...
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...
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...
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...
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...
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...
Did You Know That Business Opportunities Are NOT Franchise Opportunities?
In this post, I’m going to tell you what you need to know about Business Opportunities vs. Franchise Opportunities. Do you really know the difference? The reason I ask, is that a couple of years ago I got in a...
Why You Need To Find Unhappy, Practically Broke, Franchisees
Why do you need to do this? Because I said so. Kidding! Watch this: Actually, when you’re buying a franchise, you need to find unhappy franchisees as part of your research. It’s the best way to avoid missing...
You Won’t Believe The Responses You’ll Get When You Ask A Franchisor This New Money Question
If you feel you’ve found a franchise opportunity that makes sense for you, and have been doing your research correctly, including using my “list of questions to ask a franchisor,” and my “list of...
The Top Two Reasons Franchisees Go Out Of Business
Why do some franchise owners go out of business? And why does it seem to happen (a lot) within the first year or two? Warning: The answers aren’t complicated. I promise you won’t need to pull up Excel and...
Why Is Franchising Good?
I have a question for you. Why is franchising good? There are lots of reasons why franchises are good. Why franchising has it’s advantages. I encourage you to follow along as I show you why franchising is so good...
Should Franchise Business Reviews Be Trusted? Or Are They Just Another Evil Franchise Marketing Ploy? (Updated)
Let’s jump right in. Should you trust franchise business reviews? It’s a great question to ask yourself, especially if you’re smack dab in the middle of looking at franchise business opportunities, and...
Do Not Meet Franchise Owners In-Person Until You…
When it comes to making a smart choice on a franchise to own, one of the most valuable things you can do is meet with franchise owners face-to-face. That’s because there’s nothing like asking a question...
Restaurant Franchises: Advantages and Disadvantages
(Guest Post) In the world of business, one is always left testing the waters and taking risks. Profit is never really certain; hard work and concrete plans are in high demand if we want to be rewarded. And in most...
Doing Franchise Opportunity Research Like This Makes You Look Dumb
(The following is an excerpt from my eBook,“The Definitive Guide To Franchise Research.” Are you ready to learn something new about doing franchise opportunity research?) Good! A Story: The Red Pepper Pizza...
These Are The 10 Commandments of Franchise Research
First off, I hope you won’t be too disappointed if I don’t use the word “Thou” in this post about the most important part of the franchise purchasing process. Secondly, I realize that the word, “Commandment” is a...
