Most seasoned franchisors will have real estate teams established to guide you through the process, but there is plenty to consider while scouting locations on your own. Read this guest blog on how the location of your franchise drives success.
As a franchisee or small business owner, you must sometimes wonder if all of the sacrifices are worth it. Bet the answer changes depending on the situation. Read AB.com Blogger (and fellow entrepreneur) Lorne Fisher's thoughts and tips on how he manages those ongoing sacrifices. Enjoy!
Multi-unit owners continue to be an important target for franchise companies looking to grow. Today's guest blogger Chad Cohen - shares his two cents. Enjoy!
Since attaining the top post in the U.S., our president - who I voted for - has been promising to help small business owners with financing. Maybe it's been his focus on healthcare and the war, but little has been accomplished to truly help the small business owner, franchisees and franchisors. A lot of ideas and talk has been shared - whether its increasing SBA guarantees or increasing funding for community banks - but still lending is very, very slow.
Read my complete blog post and share your thoughts and ideas on how we can stimulate lending and jumpstart franchise sales. Enjoy!
While franchisors might think the secret sauce to success is recruiting multi-unit franchises, the reality is very few franchise concepts are multi-unit material.
The business world has been on a roller coaster over the last year and this climate has drastically affected the franchise industry in more ways than one. Stores are closing, funding resources drying up and more and more franchisees are disgruntled. How can a system compete and grow? Franchise leaders need to look at their entire company and make sure everyone is working towards the same goal more than ever. It is no longer just development or sales job to focus on growing the system or the marketing department’s responsibility to drive consumers through the doors. Everyone must be focused on what can move their business forward. Franchise blogger Lorne Fisher addresses this challenge by shaing his "10 Principles to Compete as a Franchise NOW."
