Justifying the Franchise Fee

In dealing with clients, without a doubt, the most common objection to choosing to purchase a franchise is the concept of paying a franchise fee. To many, especially those that have never owned a franchise, the concept of paying a franchise fee can be puzzling, overwhelming, and sometimes even borderline insulting. Before I address the value of franchise fees and some tips on comparing them, I'd first like to make a few points about franchise fees in general.

What is a ...

How Franchising Helps with Making Decisions

While the average adult makes 35,000 remotely conscious decisions a day, the average entrepreneur may make twice that number! OK, 70,000 decisions a day might be a bit of an exaggeration, but that's because every decision entrepreneurs make has a rippling effect that usually impacts personnel, operations, customers, and the entire business. So maybe the decisions aren't twice as many... they just feel twice as impactful! As your level of responsibility increases, so does the smorgasbord of ...

Why So Many Businesses Fail - And How To Avoid It!

Here are some of the typical reasons why businesses fail and how a solid franchise can help entrepreneurs avoid these costly mistakes.

1. Under Capitalization

A common fatal mistake for many failed businesses is having insufficient operating funds. Business owners underestimate how much money is needed and they are forced to close before they even have had a fair chance to succeed. They also may have an unrealistic expectation of incoming revenues from ...

Senior Care: A Constant, Growing Need

Studies conducted by the National Council on Aging (NCOA), suggest that roughly 80 percent of aging adults have at least one chronic disease. According to the NCOA, "Chronic diseases can affect a person's ability to perform important activities, restricting their engagement in life and their enjoyment of family and friends." With this, there is an ever-increasing need for services that can assist aging adults.

Not only has in-home care become an option for seniors, other adults who ...

Show Me the Money

Yes, if you're going to become an entrepreneur, it will require money. So where will you get the money to start your new venture?

Certified Franchise Consultants, or CFC's, can help take their clients through the process of funding their very own franchise. There are many options available that most people are simply not aware of, and that's where the help of a CFC comes in.

Not only do CFC's help with funding partners, they can also introduce others to so many different ...

Military Service Offers the Perfect Foundation for Franchise Ownership

Whether you are a veteran or know of one, all military veterans have different reasons for deciding to serve. For some, it is to serve their country or continue a family tradition; for others, it's for the benefit of using the GI Bill for a college education. The reason someone joins the service has no relevance to their service but has everything to do with their motivation.

During their first few weeks in the military, all veterans experience discipline, consequences of action, ...

Taking The First Step Towards Franchising

Patrick Laforet, a well-known Canadian franchise expert and author, recently quoted an excerpt from Dr. Martin Luther King Jr.: "Take the first step in faith. You don't have to see the whole staircase, just take the first step."

Working with a certified franchise consultant (CFC) gives one the confidence they often need to take the first step to business ownership. CFCs are certified in teaching and coaching their candidates through the sometimes lengthy process of franchising. And ...

Finding Your Perfect Franchise Fit

Finding Your Perfect Franchise Fit

Not all franchises are created equal. But whether you are a first-time business owner who is passionate about seizing a franchise opportunity or an experienced business owner wanting to diversify, there is a learning curve. Before you do anything else, you should identify which of the different types of franchise structures will best suit your strengths, skill-set and needs. Start by looking at the different ...

Franchise Ownership: Roadmap to Career Bliss

Did Your Journey Start Here?

Many of us recall childhoods peppered with Sunday nights overcome with dread. As pangs of anxiety would set in as the weekend wound down, we lamented the inevitable start of another pressure-filled week of school. Sadly, the same doom and gloom plagues adults who are miserable at work. Are you still all too familiar with the Sunday night blues because you are unhappy in your current job?

It might sound difficult to believe, but some ...