Customers play a vital role in the strength and longevity of a business. As a business owner, you need to understand their importance and how you can keep them coming back. The reputation you have with your customers can make or break your business. This blog will explore how displaying your values, opening yourself up to feedback and improving customer service practices can increase customer loyalty for your business. Read on →

Choosing a franchise is an exciting time for an aspiring franchisee. There is so much to learn and take away from this new opportunity that has been presented to you. But before you begin your franchising journey, it can be helpful to speak with franchisees of the franchise you are interested in to get a better idea of how it operates. This blog will offer up the questions you should ask your fellow franchisees about the franchisor, costs and the daily operation of the franchise. Read on →

Learning the terminology used in the franchising industry is important for franchisees, especially those who are entering the industry for the first time. Understanding what certain terms mean, how they affect you, and the differences and similarities between them can make your job easier. Not sure where to even begin? This blog will discuss and define some of the common and important terms you should know when it comes to being a franchise owner! Read on →

Increasing revenue is something that all franchisees want to do. Their franchise may be experiencing financial difficulties, or they are simply interested in growing their franchise. Whatever the reason, there are many methods to increase a franchise’s revenue. This blog will discuss how upgrading your customer experience, integrating different and newer payment methods and strengthening your marketing strategy can bring in more revenue for your franchise! Customer Experience The customer experience is vital to a franchise’s longevity, reputation and revenue. Read on →

Owning a franchise comes with challenges, and there is one you will need to figure out before putting pen to paper. How you’ll afford your franchise is something you need to take into consideration when choosing the franchise you want to own. Obtaining financing help is common in franchising. This blog will discuss the common financing options available to franchise owners: SBA loans, franchisor financing and bank loans. SBA Loans Small Business Administration (SBA) loans are one of the most popular forms of financing for franchisees. Read on →

Purchasing a franchise is a life-changing decision for a franchise owner. But before going out and purchasing a franchise, some factors need to be taken into consideration to help you pick the franchise that is the right fit. This blog will discuss how your business goals, financial readiness and other franchisees play a role in helping you select a franchise. It will also discuss how the different franchising industries can impact your decision-making process. Read on →

Many franchise owners will choose to work with a partner to operate their franchise. It’s common for franchise owners to partner with people they know, be it a spouse, sibling or a long-time friend. In this blog, I will explore the upsides to working with friends or family members, how you both can use your skills to find success and how to keep your working and personal relationships with your business partner healthy! Read on →

Starting your franchising career is an exciting time. It’s something that you have worked hard for, and now the opportunity is upon you! And while there are no secrets to finding success in franchising, there are some helpful tips that can make the process much easier for you. One of those is being comfortable asking a franchisor questions, especially as you begin your career. In this blog, you’ll find the types of questions to ask your franchisor regarding investments and finances, the type of support you will receive as a franchisee and your franchisor’s history. Read on →

As a franchisee, you won’t form too many relationships as meaningful as the one with your franchisor. Your franchisor can help you understand all the different aspects of franchising as you begin your career. But like any relationship, the one between you and your franchisor needs to be nurtured to benefit both of you. In this blog, we will discuss how communication, enthusiasm and teamwork can help to build a fruitful relationship between you and your franchisor. Read on →

Owning a franchise is a fantastic way for an entrepreneur to get a start in business ownership. Franchising allows you to work with a brand that has built its name already and has shown that it has a working and profitable system. Franchisees are required to pay fees before they can take control of their franchise. This blog will discuss those fees and why they are important. Franchise Fees The first fee you will need to pay, and one of the most important, is the franchise fee. Read on →