Buying a Franchise

Want to Start a Business? Maybe You Should Buy a Franchise

If you’re dreaming of starting a business but you aren’t sure what kind of business to start—or where to start—the ideal solution may be to buy a franchise. In fact, Guidant Financial has gone so far as to dub 2019 the “Year of the Franchise” based on trends in its latest  Small Business Trends survey. …

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Buying a Franchise vs. an Independent Business: What Are the Pros and Cons?

By Jeff Swiggett You would love to operate your own business, and over the years you’ve set aside money to invest in a company to fulfill this lifelong dream. And when it finally comes time to buy a business of your own, you’re left with two options: investing in a franchise opportunity or buying an independent …

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3 Biggest Challenges Every Franchisee Faces—And How to Overcome Them

By Josh Cohen When you buy a franchise, you’re not starting a business from scratch, but you still have work to do. Many new franchisees underestimate what it takes to succeed—they don’t realize there’s more to franchising than just picking a brand and opening a new location. Becoming a new franchisee is an uphill climb …

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What I Wish I Knew Before Buying a Franchise

By Eric Stites Dennis Monroe had worked in operations management for over 30 years when he decided to buy a ColorAll franchise (an on-site auto body repair service) with his business partner. The pair owned and operated their ColorAll franchise in Phoenix, Ariz., for nine years before exiting the business and retiring. Looking back on his …

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Proactive Vs Reactive Marketing for Selling a Franchise

Every Franchisor is looking for ways to generate good quality enquiries and leads for selling greenfield (new) and existing franchises, but many Franchisors are still using reactive marketing techniques. So why is this a bad thing? What is the difference? How can everything be done better? After talking to many Franchise Recruitment and Marketing personnel, …

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Important Questions to Ask Before You Buy a Franchise

Did you know that you must go through an interview in order to invest in a franchise? If you want to become a franchisee, your first order of business will be to speak with the franchisor (or a representative on their behalf). The franchisor will ask you questions about your background and goals, if you …

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8 Warning Signs You Shouldn’t Buy a Franchise

By Bruce Hakutizwi There’s no doubt that buying into the right franchise at the right time can be a fantastic business opportunity for numerous reasons: Proven, duplicatable systems make startup and growth easy and scalable Established branding and national marketing support enhance your own marketing efforts Support from a parent company and community of fellow …

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