What is the hottest franchise? One of the most common questions I get is “what franchises are hot right now? Personally I think this is one of the least relevant questions to ask – first how do you define “hot”? Is it which franchisors are selling most franchises? Is it which franchisors are in exciting, [...]
How Much Money Can I Earn? One of the things aspiring entrepreneurs often ask me is “how much money can I earn?” Unfortunately, this is a very difficult question to answer because the amount of money one earns from a business is a direct byproduct of how well-run the business is – in other words, [...]
Step 1) Self Evaluation The first thing you have to do in your journey to opening a franchise is self-evaluation. Unfortunately most people rush past this most critical step – take a serious inventory of the skills and experiences you bring to the table; assess what financial and time resources you are prepared to allocate [...]
Following the Proper Search Methodology Looking for the right business takes a significant amount of time and effort; and unfortunately, too many people select a business for the wrong reasons, which only compounds the risk of failure. The typical (and very risky) way to find a business: When most people start to [...]