Sabrina Wall, CEO August 6, 2020 Many prospective business owners face this question when considering their next investment, is it better to buy an existing business or start with a new franchise? There are many pros and cons to both, and we want to review those with you so that you are as educated as […]
Whenever the time comes to lay out a significant amount of money for a big financial investment, there’s always a level of uncertainty that comes along with it. In the most typical of instances, business owners tread a fine line and face the risk of their investments not paying out in the end, or not […]
FASB Explained. The good, the bad the confusing. If you are in franchising you may have heard the excitement about the Federal Accounting Standards Board’s (FASB) decision to delay the revenue recognition rule for one year. The International Franchise Association (IFA) did a great job advocating for that. Kudos, IFA! You may be one of […]
Franchise Brokers Association is challenging franchise sales professionals to improve the way they do business in 2020. FBA is asking industry professionals to take an honest look at the franchise systems they are selling and be clear about the pros and the cons in the franchise when presenting it to prospective franchise buyers. Most consumers looking to buy franchises […]
Those that are considering purchasing a franchise typically have a few things in common. They want a change in their career and more control over their lives. By purchasing a franchise they get all the benefits of business ownership, including the confidence that they are transitioning their career into a solid enterprise with proven systems […]
A business is only as good as its people, process and product (The 3 P's Principle). When it comes to franchising, this principle couldn't be more obvious and important for success. Franchsors are supposed to provide the systems, tools, and support of clearly defined processes that give their franchisees a blueprint for how to succeed. In addition, the franchisees must be properly validated, capitalized, […]
