When aspiring business owners take the step to buy a franchise, they become investors. The basic definition of an investor is: “any person or other entity…who commits capital with the expectation...
While how much you can make as a franchise owner depends on various factors, owning multiple franchise units is ideal for those seeking to make lots of money. A multi-unit franchise model is when a...
You’re probably familiar with the idea of franchise ownership, but have you ever heard of a conversion franchise? A conversion franchise is when a franchisee joins their independent business with a...
You’re probably familiar with the term “turnkey” especially as it relates to buying a house, but perhaps you’re wondering how it relates to starting a franchise business. “A turnkey business is a...
Prospective franchisees can choose to open a new franchise location or buy an existing one. Purchasing an already existing franchise might be less common, but it’s worth considering. It could be an...
Ever wondered how franchise owners make their money? Whether you are buying a franchise or starting your own business from scratch, it’s important to know what to expect regarding how you will get...
"Why did the entrepreneur become a chef? So he could write off all his meals as 'research expenses.'" There are plenty of jokes to go around about taxes, but one thing is certain: most people aren’t...
COVID-19 had a widespread impact on businesses and the way they operate. The restrictions that were imposed to various extents around the world severely limited many industries that relied on...
If you’ve started looking into your options for business ownership, then you might have come across the terms “franchising” and “licensing”. Franchising and licensing agreements share some...
A successful business doesn’t just happen on its own. While there are many factors involved, the accounting process is foundational. Put simply, accounting is “the process of recording financial...