Regi John is an engineer who’d been at Microsoft for 21 years. He reached a point where he had an inner urge to do something different. Even though Microsoft is a fantastic place to be, his inner urge wouldn’t be ignored, and then kept getting stronger. “I wasn’t sure how to figure it out, so [...]
Kari Hingst always had plans to become a business owner, but like many of us, she needed to find the right opportunity. With the help of a strong partner, she’s been able to launch her first Zoup! location and stay employed full time. Why did you consider franchising? Each year, I write down my goals, [...]
The Problem with Franchise Financing In my experience, it is extremely discouraging for first-time franchisees to learn the hard way that the lending sources who helped them buy their house or car may not be able to help them finance their franchise opportunity. The long and difficult financing process (made more complex after the recent [...]
To the trained eye, franchise fraud patterns are easily evident. However, far too many first-time entrepreneurs still fall victim to scammers. Why are there so many franchise scams? Well, in my experience, there's no single contributor to franchise fraud — ease of developing a franchise, absence of common standards in franchise regulations and the way [...]
As an entrepreneur, I do suffer, a bit, from the shiny object syndrome. That is where I dart from one client email to a phone call from a franchisor, to an online article related to, ironically enough, “How to better manage your time”. So, what is the most important KPI for me? Anchoring a business [...]
The phenomenon of social media continues to creep into our daily lives. Whether you’re looking at a business advertisement, a television show or your favorite website, the social media widget is omniscient. Curated from Tweeting Your Franchise to Prominence Let’s say that you’re well on your way to becoming a successful entrepreneur by this [...]
The number of franchise establishments in the United States has grown to 781,794 – the highest it has ever been. Along with the steady growth, the International Franchising Association (#IFA) projects the industry to continuing its impressive expansion for a fifth consecutive year. Curated from How Big Is Franchising Anyway?