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Buying a Franchise vs. Starting Your Own Business
The first step to running your own business is to decide which path you want to take to become a business owner. One option is to start your own business from scratch. Another option is to buy a franchise, which is an already existing business....
The Benefits of Franchising with an Emerging Brand
Based on what we know at FranNet of DFW & Oklahoma, launching an entrepreneurial future can be a very exciting time in your life. An opportunity to embark upon a journey that’s all your own. Franchising your way to business ownership offers...
Is It Possible to Get Out of a Franchise Agreement?
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 that outlines the terms and conditions for both...
FRANdata Report: Snapshot of Franchising in a Down Economy
For the past year and a half, the U.S. has lived under the threat of a possible recession, though an official one has still yet to materialize. Defined as two consecutive quarters of negative economic growth, a recession can sometimes lead to...
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 come with starting a business. Every business...
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 likely to reap many benefits, owning a business also...
Home-Based Franchises in Canada – What Do You Need to Know?
In today’s evolving workforce, more Canadians are seeking ways to combine the freedom of remote work with the stability of a proven business model. That’s where home-based franchises come in. These opportunities allow entrepreneurs to manage...
Master Franchise Agreements – Everything You Need to Know
Master franchising is a multi-unit model that some franchises use to quickly expand their presence in new territories. It offers a win-win-win partnership for everyone involved. Not only does the franchisor and master franchisee benefit from a...
Client Success Story | Sonja Nwabuoku – Young Rembrandts
After a successful two-decade career in the corporate world, Sonja began to realize that she just didn’t have the passion she once had for the work she was doing. So, she decided to look into franchising, which had been sort of a backup plan all...
Why Networking Will Play a Key Role in Your Business Ownership
As we always say at FranNet of DFW & Oklahoma, determining which franchise is right for you is the most important decision you’ll make on your own personal entrepreneurial journey. With thousands of concepts to choose from, it’s important to...
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 established brand and a proven business model. As a...
Your Ability to Adapt to Change Will Benefit Your Entrepreneurial Plans
Your Ability to Adapt to Change Will Benefit Your Entrepreneurial Plans There are many qualities and characteristics that lend themselves to the pursuit of an entrepreneurial life. These include having a positive attitude, a diligent...
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 capital before signing an agreement. In short, liquid...
How to Finance a Franchise Purchase in Canada
While business ownership always carries a certain amount of risk, buying a franchise can offer you a more secure path to becoming a business owner. After all, when you buy a reputable franchise, you acquire a proven concept, a trusted brand, and...
Lifestyle Franchise: Everything You Need to Know
In today’s society, more and more people are seeking to achieve a work-life balance that embraces the mindset of “working to live” and not “living to work.” She may be known for her singing, but Dolly Parton offered advice that would likely...
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 franchise industry has remained a key component to...
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 United States and Canada combined. From low-investment...
More Good News for Texans Looking to Start Their Own Businesses
Those who live in the Lone Star State, as well as those moving here in droves, are well aware that Texas has a business-friendly climate. It’s one of just five states that have no state-level income tax, and the state government has helped position...
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 often deliver similar products and services. If...
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 modern times, he’d probably have more than a passing...
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 proven to be a business model that is uniquely...
Have You Considered a Kid-Related Business Opportunity?
In my years as a FranNet franchise consultant, I’ve helped hundreds of entrepreneurs find the perfect match for business ownership across a wide spectrum of industries. With thousands of individual franchise concepts on the market today, there’s...
Some Entrepreneurship Trends and Statistics You Should Know About…
Over the past couple of months, FranNet of DFW & Oklahoma shared information, data, and statistics related to the economic climate – specific to both Texas and Oklahoma. Continuing this trend, we’d like to offer our blog readers some...
Another Client Success Story: Meet Mike Doherty
Mike Doherty is the proud owner of a Junkluggers franchise that spans seven territories. His entrepreneurial journey is nothing short of an inspirational story, which is why FranNet of Michigan chose to feature him in our testimonial series...
7 Key Tax Deductions Small Business Owners Get to Claim
Every year, whenever the month of April rolls around, we marvel at the beauty of Spring’s beginning. Followed closely behind filing our annual tax returns. It’s a stressful time for Americans as we search high and low to come up with the right...
What to Consider When Looking for a Distressed Business for Sale
It probably wouldn’t surprise you to say that we live in an uncertain economy. After all, it is normal for an economy to cycle through highs and lows. While the lows can be devastating to some, they can provide an incredible deal for others. This...
Highlights from IFA/FRANdata Economic Outlook Report
Every year, the franchising industry anxiously awaits the annual Franchising Economic Outlook Report, compiled by the International Franchise Association (IFA) and FRANdata, a leading market research company. The report was released publicly last...
How I Learned to Become a Dog-Person…
Of all the different franchise concepts available today one category continues to be a top performer. I’m talking about pet-related business opportunities. Many of my clients ask about different FranNet-verified business models some of which have...
Franchise Disclosure Document (FDD) Requirements in Canada
The Franchise Disclosure Document (FDD) is a legal document that offers key information to help potential franchisees make an informed decision. While this document is exceedingly helpful for a prospective franchisee in choosing which franchise...
What Happens If You Default on an SBA Loan?
Part of the process of starting a new business or buying into a franchise is figuring out your financing options. When it comes to franchise ownership, it is common for potential franchisees to get their business loan from the U.S. Small Business...
How to Get Involved with the Startup Community in DFW
If you live in the Dallas-Fort Worth metropolitan area and happen to be interested in an entrepreneurial future, we’ve got some good news for you. You’re not alone – not by a long shot. North Texas is literally teeming with resources, interest...
Another Client Success Story: Meet Matthew Relyea
Matthew Relyea was born into entrepreneurship, as his family owned a multi-generational business in Columbus, Ohio that began with his grandfather. However, Matthew was determined to see what Corporate America held for him and embarked on a very...
FCRs, FSRs, & Quick Serve Restaurants in Canada: What’s the Difference?
It is notoriously difficult to be a successful standalone restaurant, particularly when the economy is bad. According to Nima Samadi, senior analyst at IBISWorld, full-service restaurants back in 2009 were “the first to feel the pinch and the last...
What Does “SBA-Approved’ Mean in Franchise Financing?
If you’re looking into franchise ownership, it’s likely that one of the top questions you have pertains to financing. After all, you can’t own a business if you don’t have the necessary funds to start it. While there are various financing options...
Calling All Oklahoma Entrepreneurs – Here’s Your Economic Rundown
At FranNet of DFW & Oklahoma, we felt like it was long overdue for our audience to hear more about the economic outlook in the Sooner State. After all, this is an area that got its nickname from quite a few overzealous entrepreneurs, anxious to...
How to Create a Franchise Business Plan
A business plan is a document that outlines the goals, strategies, and operational plans of a business. In short, it is a roadmap to success. Not only is it an essential tool for an aspiring business owner to get started, but it serves as a...
March is About Female Empowerment. And the Franchising Industry is Here for it.
In case you hadn’t yet heard, March is a big month for female empowerment. It’s Women’s History Month and, last week on March 8, the world celebrated International Women’s Day. FranNet of DFW & Oklahoma is a female-owned business and we...
How Much Do Franchise Owners Make?
Are you considering investing in a franchise but wondering how much money you can make as a franchise owner? The answer depends on various factors, including the brand, industry and market you choose. For instance, in a 2018 survey, Franchise...
Why This Could be a Big Year for Franchising – 2023 Outlook
The franchising industry’s biggest trade show of the year, the annual 2023 IFA Convention, just concluded out in Las Vegas. This means the cheering sound you may be hearing is a war cry of enthusiasm, as the industry’s best and brightest minds had...
Financial Resources for Female Business Owners in Canada
March just happens to be International Women’s Month, a time to celebrate the progress and achievements of female trailblazers. And March 8 is International Women’s Day, a time to raise awareness of the social, economic, cultural, and political...
The Franchise Advantage Over Startups
One small example of why Franchises have an advantage over startups… FRANdata shows (report below) that finding "Quality" talent/labor is the biggest challenge facing franchisees. Finding good employees has always been one of the biggest...
Highlights From the 2023 IFA Annual Convention
This week heralds the arrival of the franchise industry’s most prestigious trade show event of the year – the 63rd annual International Franchise Association (IFA) annual convention, of which FranNet is a presenting sponsor. Hosted in Las Vegas at...
Lead-Generation is Everything. Here’s What We’re Expecting in 2023
Lead-Generation is Everything. Here’s What We’re Expecting in 2023… Though we’ve now entered the third month of the new calendar year, it’s still a time to review various outlooks in the franchising industry – and the business of consulting and...
Meet Matt & Brian Barrett – Multi-unit Pet Supplies Plus Franchisees
Both Matt and Brian, as well as a younger sister, grew up ambitious – with an eye on business ownership, thanks to coaching from their supportive father. Though they ended up taking different routes to get there, franchising turned out to be the...
6 Myths About Franchising You Need to Know About
As consultants with FranNet of DFW & Oklahoma, we hear a lot of things from potential clients that demonstrate just how far the franchise industry still has to go in dispelling some of our most common myths. Even some of our most well-informed...
What to do When Your Career Trajectory Stalls Out
In this week’s FranNet of DFW & Oklahoma blog, we’re discussing what to do when your career trajectory stalls out. And if you happen to be one of the millions of employees who feel that they’ve gone as far as they can go in their career, you’re...
How to Get Involved in “National Entrepreneur Week”
February is known for being Black History Month and also has a date reserved – Valentine’s Day – for celebrating the significant others in our lives. But February also celebrates another cause, one dear to our hearts here at FranNet – National...
4 Franchising Trends to Watch in 2023
As we turn the page and begin another year, it’s common to break out the crystal ball and make projections. The franchising industry is no different, which is why FranNet’s franchise consultants have done some recent research in several different...
2023 Workplace Trends You Need to Know About
Last year was full of buzz about the “Great Resignation.” Statistically speaking, it was clearly a movement in which Americans voluntarily turned in their own two-week notices – but never before in such great numbers. In fact, it was several...
Entrepreneurville – The Latest Economic News for DFW and Oklahoma
If you’re a budding entrepreneur, or perhaps considering a career transition so you can become your own boss, it’s important to keep up with the latest economic news in your area. For FranNet of DFW & Oklahoma, this includes the North Texas...
2023 is Here – Time to Kickstart Your Inner Entrepreneur
With a new year upon us, a time of change awaits – for those willing to explore the possibilities of business ownership through franchising. Each individual pursuing this aim will have a unique experience of their own to share, but much of how the...
What to Expect During the Franchise Buying Process
Becoming your own boss can be accomplished in three distinct ways. You could go to all the trouble of starting your own venture from scratch, reinventing the wheel along the way. The next option is to consider a resale or purchasing an existing...
Why National Mentoring Month Should Matter to You
Did you know that the month of January is National Mentoring Month? Mentorships have proven to be among the most valuable connections we can have and maintain. It’s even more important when you’re an entrepreneur looking to establish business...
What Does an Ideal FranNet Client Look Like?
FranNet of DFW & Oklahoma has a well-defined mission to accomplish. Simply put, we’re franchise consultants who help entrepreneurial clients find the perfect match in a business opportunity. To us, success involves a satisfied new business...
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Consultant Disclaimer: FranNet’s franchise consultants own and independently operate each office throughout the FranNet system.
FranNet Brand Disclaimer: *There are over 4,000 franchise brands out there for you to choose from but FranNet has made the process much easier to find the right fit for you. We have a variety of franchisors in our portfolio in almost every industry. Our distinguished FranNet Certified Brands have completed our vetting process**. Your consultant can let you know what franchises are currently available in your area.
**Please note that the information and opinions expressed by the Franchisor are those of the Franchisor. FranNet, LLC makes no claim, promise, or guarantee of any kind regarding the accuracy, completeness, or adequacy of the information disclosed by the Franchisor. FranNet Clients are instructed to conduct their own independent investigation of the investment opportunity. FranNet assumes no liability for the statements and opinions stated by our Franchisor partners orally or in writing.
Privacy Policy | Consultant Support
© Copyright 2016 – 2022. All Rights Reserved
Have a question? Give us a call
Consultant Disclaimer: FranNet’s franchise consultants own and independently operate each office throughout the FranNet system.
FranNet Brand Disclaimer: *There are over 4,000 franchise brands out there for you to choose from but FranNet has made the process much easier to find the right fit for you. We have a variety of franchisors in our portfolio in almost every industry. Our distinguished FranNet Certified Brands have completed our vetting process**. Your consultant can let you know what franchises are currently available in your area.
**Please note that the information and opinions expressed by the Franchisor are those of the Franchisor. FranNet, LLC makes no claim, promise, or guarantee of any kind regarding the accuracy, completeness, or adequacy of the information disclosed by the Franchisor. FranNet Clients are instructed to conduct their own independent investigation of the investment opportunity. FranNet assumes no liability for the statements and opinions stated by our Franchisor partners orally or in writing.
Privacy Policy | Consultant Support
© Copyright 2016 – 2022. All Rights Reserved