This is the third in a series of posts about the 10 signs you should look for when thinking about buying a franchise.
One of the biggest benefits of joining a franchise organization is the support you get from the franchisor—without it, you might as well be in business on your own (and isn’t that the reason you wanted to join a franchise in the first place…so you wouldn’t be doing this alone?).
It’s easy for franchisors to say they support their franchisees, but there’s no better gauge of what actually...
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What makes a great franchise opportunity? AllBusiness.com posted an article recently about the 10 signs you should look for when thinking about buying a franchise—whether it’s a haircare salon or something else (although I really can’t understand why you’d consider anything else!).
The first one on the list is industry growth. Before you start any business, you’ll want to know if there is growth potential in the industry you’re considering. Here are some questions I think are important to consider (and then...
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If you’re reading this blog, chances are you’re already a franchisee or you’re considering becoming one. Either way, you’re most likely interested in knowing when something is worth investing in – a hair salon business, for example – or when it’s best to look elsewhere.
I came across this headline recently: 10 Signs of a Great Franchise Opportunity. It was an article posted on AllBusiness.com, which is one of my favorite online publications for news about starting or buying a business or franchise. (Full...
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Do you ever think about how you’re going to spend your retirement years? I have always admired people who do it well – those who figure out how to let go of their day-to-day jobs but stay involved in some line of work, or those who leave their careers completely and actively volunteer in their communities.
What really impresses me is those who figure out how to do both — like Great Clips Franchisee Bill Van Luven {DMA}. Bill was recently featured in an article in his local paper after being recognized as an...
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Have you ever felt like good old Jerry Maguire? It seems like everyone you turn to when you’re thinking about starting your own business is yelling, “SHOW ME THE MONEY!!”
I get it.
It can be expensive to be your own boss, and it’s hard to anticipate how much your business is going to cost you before it becomes profitable. I’ve provided advice to a lot of people through the years who were considering opening a franchise business. I believe the same type of advice can be applied to...
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It’s no fun watching your 401K shrink to a 201K. So in these tumultuous times, what do you do with the hard earned money you managed to stash away? How about investing in the one person you trust most – yourself? Did you know that many people can use 401k funds tax and penalty free to start your own business or buy a franchise? There may be no better investment than yourself (well, outside of the La-Z-Boy in the Man Cave of course).
Is it right for everyone? Heck no! But it’s crucial to know the...
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