Posts Tagged Franchising

THINK FRANCHISING IS EASY? THINK AGAIN!

Posted on May 10, 2013 by

Tweet Running a franchise company is not all that difficult, but it is not easy. When you franchise your business, you need to be prepared for a big change. If you tend to be a resilient kind of person, you will find it exhilarating and fun; however, if you are set in your ways, franchising [...]

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THINKING ABOUT FRANCHISING OR EXPANDING? FIRST THINK SYSTEMS

Posted on March 31, 2013 by

Tweet Systems are the backbone of any successful business whether or not expansion is in sight. But systems become vital when businesses decide to franchise or even just open an additional location. Success simply can’t be replicated without the existence and implementation of systems. Systems are methodologies and processes. They answer the questions: what, how, [...]

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IS FRANCHISING THE BEST WAY TO EXPAND YOUR BUSINESS?

Posted on March 22, 2013 by

Tweet   You want to expand your business and you are wondering whether or not franchising is the best way to do it. To help bring some clarity into this question, I am going to simplify matters in this post. Essentially you need to keep the following in mind: You want your business associates to [...]

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Growth vs. Expansion: Where Does Franchising Fit?

Posted on March 20, 2013 by

Tweet   Franchising is a method used to expand a business. Some people may say that franchising could also be used to grow a business, but I beg to differ . “Growth” and “expansion” sometimes are used interchangibly, yet within the context of franchising, it is important to bring some differentiation to these terms. Expanding [...]

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The New Breed of Franchise Candidates – Who Are They?

Posted on December 28, 2011 by

Tweet The New Career Economy® is much different than what our parents’ generation experienced. Long gone is the era of working for Corporate America for 30 or 40 years toculminate our careers with gold watches and the security of retirement plans and a strong Social Security system. Unemployment rates have continued to rise in the [...]

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How Can Franchisors and Franchisees Benefit from a Mastermind Group?

Posted on September 18, 2011 by

Tweet It was over 20 years ago when I first read Think and Grow Rich by Napoleon Hill., I have reread this life altering little book on many occasions, always discovering something new and relevant. One of the most influential concepts that this book brings forth is that of a “Master Mind Group” and its [...]

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Disillusioned about Franchising?

Posted on January 24, 2011 by

Tweet Throughout my 20 plus years of experienced in franchising I have taken several sabbaticals. These times of rest away from franchising have been driven by different events in my life and have lasted from just a few weeks to several months. Underlying these times has been a sense of disappointment. Late last year this [...]

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Why Do Businesses Franchise?

Posted on November 18, 2010 by

Tweet There are an infinite number of reasons to franchise a business; however, people’s motivations for franchising can fit four main categories: Vision Skill Money Ego Vision encompasses those people who want to grow their business quick, yet lack the resources to do it with company-owned locations. They want to enter new markets and understand [...]

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Franchisee Success – Could it be all in the numbers?

Posted on October 25, 2010 by

Tweet During my first experience working in a franchising company I heard the voiced and common belief that franchisees are happy as long as they are making money. Now, after over 20 years of working in the franchise field, I know that the truth in this statement is not absolute. Although I also have  learned [...]

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What’s Happening in Franchising?

Posted on October 22, 2010 by

Tweet I love good news, period. I think that we create our own reality, so when I read a press release about CMIT Solutions I had to share the news with you. And, because I have worked with small businesses my entire career, I know how many of them disregard or become overwhelmed by record-keeping. [...]

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