More and more professionals are becoming absentee or semi-absentee business owners as a way to maintain the benefits of a job, while creating additional revenue and wealth. What is it? 1. Both job...
The Franchise Blog
What to Expect on Discovery Day
During this edition of FranNet’s blog, we’re going to inform you on what to expect if you’re invited to a Discovery Day event. In layman’s terms, a Discovery Day is an in-person meet and greet with...
The Role of the Franchisee in a Franchising Agreement
Joining a good franchise is like joining a family. You’ll be surrounded by people who want to see you succeed and you’ll have a great support system in place to help you succeed. However, your...
What to Consider When Buying a Franchise
Updated April 2024 Many entrepreneurs who want to become a business owner might be concerned with the risks that come with starting a business from scratch. That’s where franchising comes in....
How to Check in on Your Original Business Plan
Any prospective franchisee or small business owner has to develop a business plan for their new entrepreneurial vision. But what may be less obvious is the need to periodically check in with the...
Key Responsibilities of Franchisors and Franchisees
Within a franchise system, there are two distinct roles, which are franchisor and franchisee. In this symbiotic business relationship, the two parties work together to grow and run a successful...
How to Build a Franchise Support Team
To create a viable franchise, a franchisor must first develop the infrastructure for the entire franchise business. Without proper infrastructure in place, a company that is trying to franchise can...
Franchise Prep: How to Determine Your Personality Type
Here’s a hypothetical situation for you. You’ve spent a successful career in Corporate America. You’ve been promoted multiple times, given more responsibility and eventually landed in a...
How VetFran Helps Veterans Become Franchisees
Because we're fresh off Memorial Day, FranNet is taking a closer look at VetFran and how they help veterans become franchisees, an initiative we wholeheartedly support. For those of you who don’t...
What Franchise Brands Look For in a Franchisee
We spend a lot of time on this blog series talking about what kind of franchise business will be just right for you. After all, that’s what we do. But today, we thought we’d turn the tables a bit....