It might be helpful to start this discussion by answering the question, “What is a franchise agreement?" A franchise agreement is a legally binding contract between a franchisor and a franchisee...
The Franchise Blog
Franchise Success Rate: What You Need to Know in 2023
“Progress always involves risk; you can't steal second base and keep your foot on first.” Frederick Wilcox The English soccer player’s baseball analogy proves helpful when weighing the risks that...
Franchise Support – Everything You Need to Know
The decision to pursue franchise ownership should not be taken lightly. The path to becoming a successful franchisee is not inconsequential - it requires hard work and dedication. While you’re...
Franchise Training Programs – Everything You Need to Know
There are many reasons that franchising is an appealing option for prospective business owners. One unique advantage it offers is the opportunity to buy and run a business that already has an...
What is Liquid Capital?
Are you thinking about buying a franchise? If so, you’ve likely come across the term “liquid capital.” Franchisors typically require prospective franchisees to have a certain amount of liquid...
The Future of Franchising: What to Expect in 2023
In 2020, the COVID-19 pandemic ushered in an era of economic uncertainty on various levels. While all businesses are challenged with high inflation, labor shortages, and supply chain issues, the...
5 Different Types of Franchises
Are you thinking about buying a franchise? Fortunately, in the world of franchising, there is something for everyone. There are more than 4,000 franchise brands across over 90 industries in the...
Franchise vs. Corporation: Everything You Need to Know
Most people don’t walk into their favorite fast food restaurant thinking about whether or not it’s a corporation or a franchise. In fact, customers might not even notice the difference because they...
Why are More Than Half of All Workers Looking for Change?
“The only constant in life is change.” The Greek philosopher Heraclitus said that, meaning that the passing of time always brings changes to our lives in many different ways. Were he living in...
Where to Expect Franchise Growth in 2023
Are you wondering if buying a franchise is a good decision in the current economy? If so, which part of the industry shows the most promise? Despite economic uncertainty, the franchise system has...