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 [...]
During this FranNet blog installment, we’re excited to talk about franchise trends that are good for entrepreneurs. Trending topics are always a good staple for blog entries, as it keeps our readership on the leading edge of franchise industry news. We’re happy to report that of the franchise trends we’ll be talking about today, the [...]
BIZBUYSELL.COM | Curtis Kroeker Feb 21, 201 Becoming a franchisee can be a great path to entrepreneurship. You can leverage the benefits of an established brand and a proven operating plan and the franchisor may serve as a source of capital--something that is especially helpful in today's tight financing market. However, what's the best way to become [...]
by Alan Hall of Forbes.com Do you have what it takes to start and grow a company? I’m asked every day by aspiring business founders, “Should I take the leap of faith and pursue my dreams? Are you ready to become your own boss? Here are your four top alternatives. In response to this question, [...]