Tips from The Franchise Maker: How To Spot A HOT Business That COULD Be The Next Big Franchise!
The chances are pretty high that many of you reading this run across some “hidden gems” out there that could be a great candidate for franchising (more on how to know if a business makes sense to franchise). Maybe those business owners just don’t know it yet! Sounds crazy? Not really. For some of…
Franchise Myth: A Business Needs to Show Financials to Franchise
The topic of financials is an area of misconception that surrounds franchising and continues to confuse people. In fact, there is a franchise myth out there that you need three years of financials in order to franchise. Let’s cover some background information and understand what financials you need when franchising a business. To start, remember…
Identifying The Perfect Franchisee
Let’s say you have finished the franchising process, are now offering franchises and are looking for the perfect franchisees for your system. This is a very exciting time and as a new franchisor your focus is now on talking with applicants and bringing on qualified individuals as franchisees. When you start looking to find the…
