One of the things I have come to enjoy about being a franchise consultant is the easy comfort I have with new franchise candidates. We tend to have a lot in common, and one of the overlooked motivations to start a business is being a role model and leaving a legacy...
Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Done correctly, it will pay you back in peace of mind, confidence in your team and fewer barriers to profits. I’m sure you’ve...
Regardless of business model, industry or motivations, it’s no secret that most aspiring business owners are interested in entrepreneurship to make money. But there are a plethora of options available when trying to develop your wealth portfolio. After all,...
A major decision potential business owners must make when considering a franchise is determining what type of business they should run. There are thousands of brands and concepts, but franchises generally fall under two business models: “brick-and-mortar”...
The short answerThere are four common ways to exit a franchise: sell through the franchisor, hire a business broker, sell it yourself, or ask a franchise consultant who works with your brand. The best time to plan your exit is before you open, so you are never...
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