You may be wondering, who would commit to starting a business in the midst of a pandemic and economic volatility? These FranNet clients (many in career transition) are looking beyond the current state of uncertainty and have said “YES” to franchise ownership in June 2020: 1. Home Cleaning Client Background: Previous business owners with backgrounds in marketing Why Now? Businesses [...]
You may be wondering, who would commit to starting a business in the midst of a pandemic and economic volatility? These FranNet clients (many in career transition) are looking beyond the current state of uncertainty and have said “YES” to franchise ownership in May 2020: 1. Childhood Education Client Background: A practicing physician and her husband who has [...]
You may be wondering, who would commit to starting a business in the midst of a pandemic and economic volatility? These FranNet clients (many in career transition) are looking beyond the current state of uncertainty and have said “YES” to franchise ownership in April 2020: 1. Pool Care Service Client Background: A banking executive who works for a [...]
I am honored that you have looked to me as a trusted resource for honest insight about the business ownership and franchising industry in our community. As such, I feel an obligation to share these candid observations with you about the state of affairs in franchising in these unusual times. The Current Impact Although [...]
Without a doubt, the world is living through a challenging moment in real-time. The root cause of our shared anxiety is in direct proportion to the uncertainties we face as the global pandemic of COVID-19 continues. Will the infection rate slow down and case rates disappear? How long will this health crisis last? Will our [...]
Every prospective franchise owner is asking the same thing in the wake of the coronavirus pandemic: “Is this a bad time to open a franchise business?” The team here at FranNet always strives to not only be your consultant but your confidant. It’s important that we’re candid about the current circumstances not being the most [...]
In the wake of the Coronavirus (COVID-19), conferences have been postponed, sporting events and concerts canceled, schools closing and tourist hot spots shutting down, experts recommend that even those who show no sign of illness should self-quarantine. But that leads to much lesser evils: boredom and anxiety. You might find yourself yearning for something to [...]
Many FranNet clients have expressed that they want to keep the focus and use this time productively as the Coronavirus (COVID-19) pandemic will eventually pass. As a 30+ year old franchise consulting firm, FranNet has seen situations like this actually become a true benefit to our clients as long as they stay focused on their [...]
During this edition of FranNet’s blog, we’re going to take a closer look at how much the business of franchising affects the overall U.S. economy. What is the impact and what are the implications? This will be a statistic-heavy exercise, so buckle up for some interesting assessments on the impact of franchising in our country [...]
There’s a brand new world of transactions forming and it’s named the sharing or collaborative economy. The standard definition of this new trend is an economic model for individuals to borrow or rent assets owned by someone else. This peer-to-peer (P2P) interaction is catching on and it could start affecting your business. There are many benefits to [...]
