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,...
General
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...
Accounting Software Review: Consumer Reports
One week from today is the official filing deadline for getting your taxes done this year. We may be out of time to offer you any real assistance ahead of this fast-approaching date, but that...
The Stages of Franchise Business Ownership Explained
Business ownership is a journey. You can’t just pop down to the store and buy a business. It’s something you have to think long and hard about, research extensively and then jump into with...
3 Examples of a Family Franchise Operation
Franchising and families were meant for one another. How so? The most convincing argument holds that close-knit support is absolutely necessary to launch an entrepreneurial venture. At FranNet, we...
Breaking Down the IFA’s 2018 Franchise Business Outlook
We hope you’ll agree that 2018 has gotten off to a pretty good start, economically speaking. While the stock market has had a couple of dips—corrections if you will—the balance sheet for the country...
Former Presidents Who Owned Their Own Businesses
In just a little over a week, our nation will celebrate the annual President’s Day holiday. The third Monday of the month, this year falling on Feb. 19, marks an annual tradition in which America...
