Franchising: The Ultimate Antidote to Corporate Layoffs

For those of us that lived through the 2008 recession, the current news cycle can feel a bit ominous.  It feels like another week another round of layoffs, especially in the tech world.  While it may trigger some familiar feelings, the good news is we learned a lot as we moved out of it.  One of the biggest takeaways is in challenging economic climates, franchising thrives.

Are you currently feeling a little uneasy about your current ...

This Is Your Year: Why You Should BYOB (Be Your Own Boss) in 2023

As a business owner, I believe one of the greatest rewards is being able to make your own schedule.  For example, as we enter this holiday season, I can sign off when I want to and use my time for soaking up all the moments I can with my daughters while they are home from college.  It is one of the biggest reasons “why” I decided to go at it on my own.

I do recognize starting your own business or franchise can be a challenging and intimidating prospect, but it can ...

'Tis the Season: Gratitude as a Foundation for Life and Business

You probably heard the phrase, “gratitude is an attitude,” at some point in your life.  It could have been during your younger days when your mom wanted you to change your disposition or possibly quoted in an inspirational speech or sermon.  While the concept may sound simple, is gratitude part of your attitude?

Adopting an attitude of appreciation can pay off in all facets of your life whether it be for your family, your health, and even your ...

Top 5 Steps to Kick Starting Your Franchise Discovery Journey

Deciding to become your own boss by purchasing a franchise is a big lifechanging decision.  Not only does it require a large investment financially but requires a good amount of due diligence in hopes to find the right fit for you and your life plans.  Many don’t initially realize the process might be more than what they originally had in mind.

With thousands of franchise concepts available, one could find themselves with a severe case of “analysis paralysis” out of ...

Small Business and Staffing: Overcoming Labor Challenges in a Post-COVID World

It is safe to say, just browsing business headlines in the recent months, that the most common complaint for almost all business sectors is the inability to find workers.  The COVID-19 pandemic and its aftermath helped fuel this perpetual problem for businesses of all sizes.  According to an article on the U.S. Chamber of Commerce website, the latest data shows ...

On the Move: Why A Mobile Franchise Might Be A Fit For You

If you are considering business ownership for the first time, you might be looking to ease in rather than dive headfirst.  The idea of putting all your resources behind a skillset that is completely new to you can make it more difficult to see the road ahead.  

The cool thing about owning a franchise business is you can determine your desired level of risk.  While starting a business from ...

Standing on Solid Ground: Franchising in an Economic Downturn

Let’s face it.  We all remember 2008, and we definitely cannot forget 2020.  While two very different financial experiences, they both had a significant impact on both our psyche and our pocketbooks.  Unfortunately, it appears another recession is imminent, and those emotions can easily come rushing back.

The good news is we have learned a lot since those last two experiences.  We know that franchising thrives in a recession and can ...

Making the Leap into Franchise Ownership: What You Need to Know Before Moving Forward

Deciding you want to go into business for yourself is a big decision to make.  Shifting from the mindset of a predictable path to one that leaves many unknowns is both a scary and exciting at the same time.  Making the leap to franchise ownership will conjure up a whole myriad of emotions, but this decision is just the first of many on your new journey.

The next big decision on this journey will be deciding exactly what kind of business you want to invest ...

The Road to Business Ownership: Understanding the Franchise Advantage

Recently, Franchise Insights conducted a survey of aspiring business owners regarding their preference in business investment.  They asked participants whether they preferred to buy a franchise or purchase an existing independent business.  

Over the last 6 months, ...

3 Reasons Why Franchising Would Not Be a Fit for You

There are many great reasons to invest in a franchise.  It offers the opportunity to go into business for yourself with a lot less risk than going at it on your own.  It provides a tried-and-true system that has been replicated with proven success.  While the list could go on, because this is a serious investment, the reasons as to why not should also be taken into heavy consideration.

Franchising provides the freedom to work for yourself, but not by ...

Understanding What Makes A Good Franchise

There are many appeals to franchise ownership.  You are entering into a proven system with the expectation of less risk.  You have a support network of other business owners just like you.  You have all the tools and training to succeed at your fingertips…and so on.  But deciding to get into franchise ownership is only half the battle.  What kind of business to take on can be a whole other can of worms.

While for the most part, ...

To Scale or Not to Scale: Is Multi-Unit Right For You?

When it comes to investing in a franchise – you can typically go two routes (depending on the franchise, of course).  You can opt to invest in a single unit – one independent business – or you can invest in multiple units of the system.  Single units were the predominant way to go for as long as franchises have been around, but multi-unit ownership really picked up steam in 2008 ...