Why Time Matters for Franchisees to be Operational

There you are seriously thinking about franchising your business, weighing the pros and cons of what franchising means for you but then you realize it is not just all about you. It occurs to you that there might be some traps you will want to avoid when franchising. So you’re struggling to figure out what…

What is Franchising? A Simple Explanation from The Franchise Maker

Franchising…when people hear this word it may mean different things for different people. The facts are that in 2017 alone franchising directly contributed $745.3 billion dollars out of our $17 trillion dollar economy and has created roughly 7.8 million jobs to date (according to the International Franchise Association). As you can see, the franchise industry is a BIG…

Making Sense of the Franchise Fee and a Franchise Territory

There’s a common misconception out there that when a person buys a franchise, the franchise fee that is paid by the person buying a franchise is contingent upon the size of the franchise territory that is awarded. While this is currently not the case, there was a time years ago, when franchisors charged a fee…

Are Your Employees Driving You To Franchise?

Chances are that when you started your business, it was pretty small. Perhaps it was just you and maybe a couple of employees. As your business grew, so did your employee headcount. While some of those original employees have stuck around, others have moved on to different paths. As a business owner with a growing,…

The Importance of Franchise Training

Imagine that you are now franchising your business and have executed the activities mentioned in the previous article (Part 1) flawlessly and as a result have awarded franchises! Congratulations! Whether this is your first franchisee or your 50th, the next phase in your franchising is training your new franchisees. Your initial franchise training program will really lay the foundation…

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…