Category: Understanding Franchise Business
Franchising Offers a Safety Net to Entrepreneurs
In franchising, financial safety net approaches are provided. That is as important as protective gear when performing an acrobat for the first time. Falling is not what you want to happen but cannot be avoided. In most cases, those who fall off into the business – are those who don’t have a stable financial safety net. Where …
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Are Franchises Bought, Sold, Or Awarded?
This seemingly simple question is actually quite complex. It demonstrates the power and importance of terminology and how the words we use to describe a process can influence the philosophy we use to direct that same process. By the way, the correct answer to this question is “yes.” “Award” is such a positive word. The …
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B2B Franchise: 6 Competitive Advantages
More and more people are turning to franchise ownership as a way to start their own businesses quickly. However, choosing the right franchise model that fits with your goals can be challenging. If you’re facing this dilemma, consider exploring B2B franchises. They offer many advantages over other business models and sizes.B2B franchises provide entrepreneurs with …
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Franchise Marketing: 3 Ways to Evaluate
The ready-made franchise marketing developed by the franchisor has a great benefit to franchisees. These effective marketing tactics and strategies are used to attract customers or clients to bring high returns to the franchise company. On the other hand, if it is not successful, the franchise business will most likely fail. Typically, the mandatory marketing …
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6 Reasons Why You Should Evaluate a Franchise Resale
Are you contemplating the purchase of an established franchise through a franchise resale, as opposed to starting a new one from scratch? You’re not alone! Acquiring resale franchises offer numerous advantages, such as an established customer base and staff, as well as the potential for immediate profitability. However, before you proceed with buying established franchises …
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8 Ways To Maximize Your Franchise Discovery Day
During your first meet-up with the franchisor, which is known as the franchise discovery day, you can make the most out of it. And there are eight ways to help you make it happen. This meeting is important between you and the franchisor. You will have the opportunity to showcase your capability to become a franchise …
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