Every year, millions of hopeful entrepreneurs enter the world of franchising. Compared to other business models, buying a franchise is a relatively safe option that can be very lucrative when you have the right strategy. But for many people in the franchise and enterprise sector, securing and managing finances is a challenge. Learning how to master the art of cash flow while mitigating inevitable financial stress is crucial for anyone wanting to run a successful franchise business. So, how do you ensure you don’t make dire financial mistakes that affect the profitability of your franchise? You ..read more

First, who are millennials? Well, that depends on who you ask. Many prominent publications disagree on the exact year, but the Pew Research Center says millennials were born between 1981 and 1996. They are the largest and most diverse generation. We know millennials are generally more educated, have less money and are more in debt than their predecessors. So, what makes them a good (or bad) franchise owner? Risk and Reward Millennials seem to accept calculated risks. Millennials tend to marry and have children later than their parents, which means their finances are theirs and they have the ab ..read more

We’ve all heard the saying that we should never put all our eggs in one basket. This lesson is applicable in so many ways—including franchising. If you rely on a singular source of revenue and disaster strikes, you won’t have any “eggs” left. In the world of franchising, there’s always the question of how best to expand your portfolio. Should you stick to the same brand, or should you spread your reach and opt for something new? The good news is that whichever way you go, your first franchise is always going to be the most difficult. You’ve successfully tackled the steep learning curve and the ..read more

Buying a franchise is one of the most important business decisions you will ever make. It ranks right up there with buying a house. After all, the financial commitment for a house really isn’t much different than the total investment required to buy a franchise. Truth is, starting your own franchise is far more complicated than buying a house. A typical Franchise Agreement has a 10-year term. To operate your business you will likely need to hire and fire personnel, manage inventory, provide customer service and so much more every day. The franchise journey is not an easy one. Make a smarter ch ..read more

The term “Essential” can be defined as crucial, absolutely necessary or extremely important. Or something you just cannot do without. The franchising industry has franchise opportunities that provide products and services that are deemed “Essential” to our way of life. Essential business were in the news in 2021, and even now in 2022, due to concerns surrounding the Corona Virus pandemic. Some cities and some states were actually closing nonessential businesses for public health but allowing essential businesses to operate. It stands to reason, then, that owning an essential business can work ..read more

Buying a franchise can be an exciting, liberating, and lucrative experience. But it’s still a big change to go from an enterprising employee to owning your own business, no matter what franchise opportunity you’re interested in. That’s why it’s important to know what you’re getting into before you get started. Entrepreneurs often decide to buy a franchise after weighing the pros and cons of investing in one versus starting their own business venture. While some may have that grandiose passion for launching a startup and want the freedom to do it on their own, franchise owners benefit from join ..read more

The entire nation is enjoying a love affair with food trucks and the variety of dining experiences they provide, which is why food truck franchises are so popular. The food truck industry is also enjoying a huge boom in business, according to industry researcher IBISWorld, growing into a $2.7 billion industry over the last five years. Food truck start-ups have outpaced other options in the food service sector and this growth is expected to continue for the next five years, well into 2026. 8 Reasons Food Trucks Are Here To Stay When it comes to the low cost, convenience, and delicious food, wh ..read more

Service-based businesses are integral to any economy, which is why service-based franchises are trending. People are always looking for ways to make their lives easier so they can focus on their passions and the important things. And since a service-based franchise is a business that provides a service, whether at home or commercially, they also provide convenience, which enables customers to save time and even money. With a service-based franchise, you control your own destiny, career-wise. It’s up to you to sell your services and establish your franchise in your territory. Your franchisor st ..read more

Personalized health and wellness services have been in high demand for decades. People want them because they provide a high level of customization for their unique needs. They also prefer service providers who understand what they need and will hold them accountable for their health and wellness goals. And they’ll want these services well into the future. In fact, Americans are prioritizing their well-being more now than ever before and the franchise industry is responding. Health and wellness franchises are growing rapidly, fueled by new consumers who are spending more money on improving and ..read more

The impact of the global pandemic has been different for every industry. Many folks who are finding it harder to make ends meet (or have been otherwise stressed by the disruption in their markets) are taking this chance to look at a new career—or even go into business for themselves. New business ownership is already thriving in the post-pandemic world. Whether you’ve lost work or are considering transitioning away from your day job for other reasons, opening a franchise could represent your golden ticket out of the 9-5 trap and into full control of your life and future. Any real-estate-relate ..read more