Setting Up a Franchise Can Be Hard. Beware of Gimmicks!
January 31, 2016 by
Just when we thought we had heard of all the games and gimmicks in the franchising industry we recently learned of a new twist that is being rolled out by some companies (and even some attorneys) that are trying to do franchise development work. These companies and attorneys are now offering to franchise your business…
What Makes Me More Money, Franchising or Opening Other Locations?
December 9, 2016 by
Perhaps you are thinking about growing your business and you’ve thought, “Do I make more money franchising or opening other locations?”. This is a good question and depends on many variables including how involved you want to be and how many more locations you actually plan to open. Let’s explore this a bit further. Open Few…
Want to Know the Secrets to Restaurant Franchising
June 28, 2019 by
As a restaurant owner you have found yourself in a position where you have great traction, great sales and perhaps you have even won some awards for your food. Your restaurant may have been recognized and it is very satisfying to know that what you have created has produced a positive effect on people. When…
What is My Role as a Franchisor?
September 8, 2015 by
“Congrats! You are now franchising nationwide!” Once you hear these words, your journey as a franchisor officially begins. You are now in position to be at the “helm of a fleet of ships”, so you need to understand what is expected of you in this new role as a franchisor. Your role as a franchisor…
How the Franchise Fee is Determined
November 23, 2015 by
No doubt one of the questions you have as you’re looking to franchise your business is, “How is the franchise fee determined?” This is a great question simply because there is a misconception out there about how a franchise fee is determined. So let’s answer this question by exploring what a franchise fee is really…
Do I Need a Local Franchise Development Company?
February 1, 2018 by
Typically when you are looking to do business with a new company, the first place you start searching is in your own city or somewhere close to you and within your comfort zone. It’s not often that you are in need of a service where you have to look any further than your own local…
Why Franchise Systems Fail
February 27, 2018 by
Every year business owners take the leap into franchising. For many of these business owners franchising brings great success, however that is not always the case. Some of them are gone before you know it and this may leave you wondering what the hell happened. In our opinion, these businesses should have never been franchised…
Should I Franchise or License My Business
June 9, 2014 by
When you are ready to scale your business, you may start exploring both licensing and franchising as possible growth strategies. However it does not take long before things start getting confusing. “Should I franchise my business or license my business?” We hear this question often and it is important that you understand the differences before…
Do I Need to Change My Name to Franchise
March 15, 2019 by
Call it a thought, premonition or a dream but at some point you may have been thinking about franchising your business. While there are many things that could potentially hold you back one preconceived notion may be, “do I need to change my name to franchise”. You may have lots of reasons why you think…
Successful Franchisors Do These Things
July 12, 2012 by
To be successful at franchising, strong franchise systems have implemented a number of best practices that make them successful. But what really makes a franchisor HIGHLY successful? Let’s take a look at a few of the industry’s best practices. Franchisors can apply these without significant financial investment and achieve a powerful impact with franchisees while…
The Differences Between Franchise Fee and Total Investment
July 30, 2009 by
Oftentimes, when researching franchising, it is easy to get confused by the terms “franchise fee” and “total investment”. It is not uncommon for there to be a misunderstanding between the “franchise fee” and “total investment”. So let’s clear it up. And while we are at it, let’s also talk about the term “royalties”. The Franchise…
Is Someone Cold Calling You to Franchise?
March 5, 2019 by
Doesn’t the saying go, “don’t trust anyone who cold calls you”? Let’s say you have been operating your business for some time and have experienced some level of success. One day you get a cold call or an unsolicited email from someone positioning themselves as an “opportunity agent” saying how great your business is, how…
What’s Your End Game Franchising May Play a Role
September 6, 2017 by
Every business owner has an end game in mind. You started your business to be independent, remove any glass ceilings and to pursue your passion. At some point in your lifespan as a business owner, your focus shifts from just making money to how to work less and make more money, ultimately leading to an…
Franchise Setup and Ongoing Guidance
May 19, 2026 by
If you are considering franchising your business, it may be difficult to imagine all of the situations you will eventually face as a franchisor. Right now your focus is likely on preparing the Franchise Disclosure Document (FDD), getting your franchise program established and understanding the franchise development process. However, becoming a franchisor is only the…
What are the Average Franchise Royalty Fees? Are They Always 5%?
March 7, 2014 by
As franchise developers our role is to educate business owners like you who want to franchise their business. We are always here to answer questions and one of the most common questions we hear is “I am wanting to franchise my business, is it true that royalty fees are always 5%?” (for answers to more questions…
Can I Be A Franchisor?
December 11, 2015 by
As a business owner you have probably wondered, “Can I be a franchisor someday?” Maybe you want to duplicate your business but you aren’t sure if you have what it takes to be a franchisor. So how would you know if you measure up for franchising (read more about what is franchising)? There are really…
Market and Sell Franchises Yourself
February 15, 2018 by
As you are thinking about franchising your business you may be under the impression that you need to hire someone (which may include franchise brokers or a new in-house sales person) to help you market and sell your franchises. Your head is spinning as you wonder how you will find such people (which when it…
Things to Do Before Franchising Your Idea
January 10, 2020 by
You are super excited because you have a great idea for a business. You believe that your idea is revolutionary and may even be a paradigm shift. You have researched your idea and realize it is something no one else has ever thought of doing. Maybe your idea came to you while you were driving,…
Need Attorneys to Franchise: Don’t Worry We Have Them
January 16, 2009 by
By now you probably realize when franchising your business, you inevitably need to have attorneys involved. That thought can be intimidating and scary. It is no secret that attorneys can be difficult to deal with, seem to charge you for every minute of their time (even if it is a simple question) and, in some…
Why People Buy a Franchise
October 17, 2016 by
Often times when thinking about the idea of franchising you might lose sight as to why someone would want to buy a franchise in the first place. While we welcome a conversation with you at any time about franchising your business, our role is to bring knowledge to the table that may help re-direct your…
How the Cost of a Franchise is Determined
November 8, 2017 by
When thinking about franchising your business more than likely you have looked at your competition to determine what they are doing and the cost of a franchise with them. Recently we spoke with someone who had done just that. She said, “I am looking at my competitor and see the cost of their franchise is…
What Franchising Can Do for My Business
November 13, 2019 by
Do you have a business and thinking about wanting to grow it? Perhaps franchising is something that has crossed your mind. There are both obvious and not-so obvious things that franchising can do for your business if you choose to go down that path. In general, when people think of franchising, the types of franchise…
Do I Really Need Someone to Manage My Franchise Sales?
June 4, 2012 by
You have decided to franchise your business and as you research into franchising, you are faced with several decisions. Franchise development is by far the most important; however, you realize that franchising is another business and that soon you will need to manage the franchise marketing and sales side of that business. Is managing franchise…
Franchising Your Business and How it Will Affect Your Future
August 9, 2017 by
Does this sound like you? “I have been thinking about franchising my business but I want to have some idea how it will affect my future. I am concerned about giving up control, the people who will be operating my business and will I be able to succeed as a franchisor?” These questions are valid…
After the Franchising Process, Know What to Expect
August 30, 2016 by
Let’s pretend for a moment that you are in the future and have already completed the franchising process. Yep, not too long ago were looking to franchise my business and found the best damn franchise development company, The Franchise Maker, to help you. Now, you have awarded a bunch of franchises and it’s come to…
What Does It Mean to Franchise a Business?
November 9, 2015 by
It comes as no surprise that when you are thinking of growing and duplicating your business, franchising typically comes to mind. However do you know what it really means for you to franchise your business? Below are a few key elements to know about when considering franchising your business. What Franchising Really Means When you…
Does it Make Sense to Franchise Because My Name is Gold
October 19, 2018 by
So you have a business with a really clever name and as a result you have customers and/or clients who approach you and say, “this has to be a franchise because the name is gold!” And with many franchised businesses out there with a clever name attached, this is not an uncommon misconception. Your customers…
Key Points to Building a Successful Franchise
July 13, 2017 by
Your business is doing great, you now want to grow and know franchising is your path. You begin to wonder, “What does it take to build a franchise program?” Successful franchises are made up of a bunch of different elements that all lend to their success. Keep in mind franchising is not just about your business name…
How to Know if Franchising Your Business Makes Sense
June 16, 2015 by
As you contemplate how to grow your business you may be asking should you franchise your business. It is important to assess what your business really has to offer and will continue to offer someone long after you train them and before you go down the franchising path. Let’s visit a few key elements about your…
Franchise Registration States Some States Are Tougher
June 4, 2012 by
As you know, the Federal Trade Commission regulates the franchise industry. The required set of disclosures required by the FTC to offer the sale of franchises are collectively known as the Franchise Disclosure Document or “FDD” and these Federal guidelines were last revised May 07. Once the FDD has been drafted and reviewed by a…