Check out the latest happenings in the world of franchising….
After recently hosting a convention for its franchise operators, GNC (retail vitamin and supplement stores) executives outlined what they call “a strong potential” to sell corporate stores to established franchise operators and to also recruit new franchisees for new GNC units.
Rumors of potential lawsuits aren’t going away anytime soon, as more New York City franchisees get more aggravated over the new $15 an hour minimum-wage mandate. The editors at Bloomberg Business called me a while back for my opinion on this important story.
A new deal has been struck for California franchisees who have been demanding more protection from aggressive franchisors.
According to the Dallas Business Journal, Pie Five is among the top food franchise deals in the country.
Franchise Business Links For August
My friend, Tim Berry, lays out 7 Financial Facts Every Entrepreneur Should Know
My friend Becky at Small Biz Survival introduces a guest author who really believes in data.
Here are 5 tips for business success this year.
The Beauty industry is huge. I have a client looking into a franchise in this busy sector right now.
A gentle tip from The Franchise King®:
Do not buy a franchise until you know EXACTLY how to do thorough research.
Learn how here
Rush Nigut writes that “Business Ownership Isn’t For Everyone.” Read
Rush is 100% correct.
Business ownership isn’t for everyone. Most people avoid major financial risk.
Now, owning a franchise business does have some serious advantages. There are some definite pros. And, cons.
But, are you really ready to invest your money in a franchise? Will you take a loan out for a portion of your start-up coasts?
Personally, if you’re looking at the right franchise business, and you’re ready to work really hard, I’d like to see you take a shot. (Lots of other things need to line up, but if they do…)
But, only if you are ready. Only if your family is on board.
Are they? Have you discussed this with them?
GNC image from Flickr- https://www.flickr.com/photos/healthgauge/9671852088/