In today’s post, the FranNet team shares 4 franchise assessment strategies to inform your preliminary research process. Read on to learn 4 things you should expect from a quality franchisor and find out whether your chosen brand is best for you. Top-notch training and operations materials. Franchisors have a responsibility to provide clear operational guidelines, and [...]
For most people, evaluating a franchise opportunity is dead serious business. Their research takes the Stanley Resort approach, hoarding as much information as possible from the maximum number of sources. They stream hours of industry analyst talk on YouTube, attend conferences, chat the ears off local shop owners, and burn through rolodexes filled with brand consultants’ [...]
So you’ve spotted an enticing franchise opportunity - now what? Signing a franchise agreement may be one of the biggest financial decisions you ever make. Before you do, make sure you know these 5 franchising realities! The franchise model - the basics. Franchise systems are called “franchise opportunities” for a reason. After all, the [...]
You’ve found a juicy franchise opportunity, and you’re raring to go – but wait! Market analyses and profit projections are only half the battle: you must “know thyself” before you commit to franchising. In this post, the FranNet team shares 5 questions to ask yourself before you commit to your desired franchise opportunity. Are you [...]
A large part of achieving success is asking the right questions and getting honest answers. These questions will have an effect during any stage in your career and it starts with you. What am I willing to sacrifice? On a daily basis, entrepreneurs make tough decisions that affect the lives of their employees and health of [...]
If you’re in your early twenties, this post is for you. At this moment in life, you are most likely overwhelmed with some of the toughest questions you’ve ever faced. It probably goes something like this: what will you choose for a career? What are your strengths? Are you prepared enough to be an entrepreneur [...]
When it comes to your business, you want to make the best possible choices that will end in the greatest results. No one wants a financial nightmare to sort through; however, it can be tough to avoid mistakes when the workload is overwhelming. Thankfully, you’re not alone and the learning experiences of others will help [...]