What should you expect when you make an appointment with a FranNet consultant? We’d like to answer that question and demystify the process starting from your first meeting with your Consultant....
General
Get to Know: Jim Malcolm, of Enviro-Master Services
Jim Malcolm is Colorado’s Master Franchisee for Enviro-Master Services. His successful operation, begun just two short years ago, is rapidly approaching $1 million in sales, and he got there because...
If You Want to Franchise, First You Must Observe
The power of observation is an incredible tool, if you’re willing to put time, effort and patience into doing so. We assume everyone who reads this blog is at least tangentially interested in a...
Balancing Inventory and Cash Flow in your Franchise: What You Need to Know
When you’re starting a franchise that sells products, it’s exciting to receive your first shipment of inventory. All those boxes being delivered mean lots of profits. All you have to do is put...
How to Make Accountability Part of Your Franchise’s Corporate Culture
Accountability in the workplace isn’t just something that’s nice to have, it’s a crucial part of a successful franchise. Without it, you may end up with a culture of finger-pointing and...
7 Leadership Lessons from 7 Excellent Books for Franchisees
Running a business isn’t easy, even if you are doing it with the backing of an established franchise. There are pitfalls to avoid as you balance inventory, marketing,...
Franchising vs Licensing: What is the Difference?
When deciding to open a business using an already established brand, you may have heard people talk about franchising and licensing. There is a difference between these two business models, but what...
Exit Strategies: Will Franchising Take You to the Finish Line?
People make the informed decision to enter the world of franchising for many reasons, most of which are due to the beneficial nature of the business model itself. Tried and true processes,...
How to Decipher the Secret Language that is Spoken Throughout Your Franchise Business
What if we told you there is a secret language that is being spoken in your franchise business everyday? It’s not a language your employees made up so they could talk about you. It’s been around...
All About Franchise Royalty Fees
In the course of the franchise investigative process (and possibly sooner), you’ll be exposed to the term “royalties”. No, we’re not referring to the upcoming nuptials of Prince Harry and Meghan...