What a year it’s been.
When it comes to starting a new business, purchasing a franchise is just about the safest investment you can make. These organizations are built on a proven system and brand that has been improved and refined over time to produce the best results - for both the franchisor and franchisees. Franchising has many advantages over independent start-ups, however nothing is easy or guaranteed! There is still a lot of hard work that goes into running a franchise business - as well as steps that must be followed if you’re going to get the best results.
As a former franchisor and franchisee for multiple brands, I can tell you with certainty that franchising works - and can create great opportunities for success.
But success is never guaranteed - and there are mistakes that franchisees can make along the way that can hurt their business' growth.
In my latest FranchiseWire article, I discuss four of the most common franchisee mistakes - and how to avoid them. You can check it out here: https://franchisewire.com/
Are franchise fees and royalties giving you sticker shock?
Over the past three months, we’ve experienced a lot of challenges - wow!
Last month, we dove into the chaos of the COVID-19 CoronaVirus outbreak business shutdown and shared some ideas and tips to help franchise business owners. Much has happened in the past few weeks, and now I want to share ideas on taking steps to get ready for what’s next.
With the unexpected Covid 19 CoronaVirus outbreak, so much has changed over the past few weeks for everyone, including the franchise industry. Even though people and businesses were unprepared, we’ve seen a tremendous response on what can be done...
Just back from the IFA 2020 Convention in Orlando, what a blast! Attendance was at an all-time high for being at a non-Las Vegas location. Every year, it just keeps getting bigger and better, providing three plus solid days of top notch networking and learning opportunities for everyone, this year was no exception.
Last month people from all over the country gathered at what is considered by many to be their favorite franchise conference. The Faegre Franchise Summit, which hosts many high-performing franchisors and franchisees and sponsor supplier companies, was recently held in Minneapolis. Brian Schnell, lawyer at the firm Faegre Baker Daniels, organizes and leads this program and does a great job. He is willing to go so far above and beyond that he literally does a headstand (really), just to impress the people there and to demonstrate how far they're willing to go to make an impression! That’s commitment! This year’s Summit again lined up a number of important and impactful panel discussions and great networking opportunities. Here are some of the highlights to share….
