The Ins and Outs of Owning A Franchise – What The Experts Are Saying?

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A Collection of Web Pages About Owning Your Own Franchise

What are the advantages and disadvantages of owning a franchise | International Franchise Association

This gives the franchisee the benefits of a pre-sold customer base which would ordinarily takes years to establish. A franchise increases your chances of business success because you are associating with proven products and methods…More at http://franchise.org

Pros and Cons of Buying a Franchise

Many aspiring business owners consider buying a franchise. Before you dive in, consider these pros and cons for franchise ownership.

Buying a franchise is often an option considered by people who ultimately want to own their own business. Increasingly, corporate employees experiencing downsizing or unfavorable work conditions may consider buying a franchise as a viable career option…More at http://thebalancesmb.com

Should I Buy a Franchise? The Pros and Cons of Franchising

When buying a business, should you consider buying a franchise? Bob Adams explores the pros and cons of buying a franchise.

Part 1 of 2 When buying a business, should you consider buying a franchise? Bob Adams explores the Pros and Cons of buying a franchise. Part 2 of 2 When buying a business, should you consider buying a franchise? Bob Adams explores the Pros and Cons of buying a franchise…More at http://businesstown.com

Thinking About Buying a Franchise? Consider These Pros and Cons | Bplans

Like any other business, there’s a lot to consider when purchasing a franchise. Does starting your own business yield more long-term rewards, or is buying a franchise a better choice? …More at http://articles.bplans.com

What You Need To Before Becoming A Franchise Owner

7 Things You Need to Know Before Becoming a Franchise Owner

Recently, I was sitting, drinking an iced latte macchiato at a well-known chain, when my wife said to me, “We spend so much time in here that maybe we should think of starting one ourselves.”

Which she promptly followed up with, “I’ve always wanted to run my own business, and let’s face it: How hard can making lattes be?…More at http://entrepreneur.com

The 10 Top Things to Know Before Becoming a Franchise Owner

If you’re thinking of becoming your own boss, investing in a franchise business is one popular option that may be worth looking into.

1. The franchise model It’s been called the greatest business model ever invented, and has enabled hundreds of thousands of people that never owned a business before to do just that; become owners of their own business…More at http://cnbc.com

12 Things To Do Before You Buy A Franchise

If you’re thinking of becoming a franchisee, how should you prepare yourself? We asked three professionals with extensive knowledge of the franchising world. Ed Teixeira is both a former franchisor and former franchisee, and the author of two books on franchising, including The Franchise Buyer’s Manual…More at http://forbes.com

What Does It Take To Run A Franchise

How to Succeed As a Franchisee – Small Business – WSJ.com

Part of franchising’s appeal is buying into a proven business model, but it takes more than following the playbook to succeed as a franchise.

While franchising’s prevalence in the U.S. economy indicates that franchisees can succeed, hundreds of franchisees fail each year…More at http://guides.wsj.com

What are the Keys to Franchise Success? | International Franchise Association

Making any business reach its full potential takes talent.

If you’ve selected your franchise well, your franchisor will be able to help you avoid many of the mistakes new, independent start-up businesses make.

Here are some keys for franchise success…More at http://franchise.org

The Top Traits of Successful Franchise Owners

‘Franchise King’ Joel Libava claims he has cracked the code to what makes a successful franchise owner. Find out if you have what it takes.

After two decades in the franchise world, the Cleveland native believes he has come up with the right questions to ask anyone considering becoming a franchisee.

The quiz isn’t there to tell you whether you should buy a pizza restaurant or an oil-and-lube franchise…More at http://entrepreneur.com

The six key success factors for franchises – SmartCompany

Research company IBISWorld has identified six key success factors for franchises in a report published earlier this year.

The report found the franchise sector recorded revenue of $158.7 billion last year but it highlighted a “difficult trading environment” for franchises with “static growth”…More at http://smartcompany.com.au

Why a balanced relationship is key for succeeding as a franchisor, franchisee | Fast Casual

One key element in striking the right balance is for the franchisor and franchisee to understand their respective roles as well as the other’s.

It should be an easy goal to achieve, but as franchisees and franchisors shared during a panel session at the recent International Franchise Expo in New York City…More at http://fastcasual.com

Franchise Costs

The Costs Involved in Opening A Franchise

Your “budget” will limit your choices.

The cost of entry varies greatly, by both the segment you choose and the franchise brand you select within that segment.

While costs range from less than $10,000 to upwards of $5 million, the majority of franchises run from about $50,000 or $75,000 to about $200,000 to get started…More at http://franchising.com

Cost Of Fast Food Franchise – Business Insider

Do you have enough money to open a Taco Bell restaurant?

You must have at least $750,000 in liquid assets to open a McDonald’s or Taco Bell restaurant, for example. To open a KFC, your net worth must be at least $1.5 million.

On top of initial investments that can exceed $1 million, most chains charge monthly fees that can cost up to 12% of gross sales…More at http://businessinsider.com

Franchise Costs – Information and Statistics | FranchiseDirect.com

This is one of the web’s most detailed franchise information resource.

It includes all of the information necessary for opening a franchise, as well as exclusive studies, data and news on every element of franchise ownership…More at http://franchisedirect.com

Franchise Mistakes To Avoid

15 Mistakes to Avoid When Starting a Franchise

Starting a franchise? Learn the 15 most costly mistakes made by new franchisees and how to avoid them. Top advise from current franchise owners.

That’s why we spoke to a number of current franchisees and franchise experts about the biggest mistakes they made when starting a franchise and what you can do to avoid them.

After you’ve read the advice from these current franchisee’s, take a look at our complete guide to starting a franchise and franchise financing…More at http://fitsmallbusiness.com

Common Mistakes to Avoid When Franchising Your Business

I am also a franchisor and I can tell you that while we will all make mistakes as entrepreneurs, that there are certain franchising mistakes that come up far too often and need to be avoided.

The mistakes have a lot to do with a misunderstanding about what it means to franchise your business…More at http://franchiselawsolutions.com

Common Mistakes Made by Franchise Buyers | Franchise Doctor | Atlanta & Denver

The Franchise Doctor shares the 10 most common mistakes made by franchise buyers. franchise opportunities for small business owners.

How to Avoid Common Mistakes in Franchising Now Learning made Easy…More at http://franchisedoc.com

4 Mistakes That Will Sink Your Franchise Dreams

Avoid killing your own franchise in the first year by avoiding these common mistakes.

Franchising allows entrepreneurs to run a company without starting from scratch.

But just because a business already has a brand and established processes doesn’t mean it’s easy to run one…More at http://entrepreneur.com

Finding A Franchise That Works Best For Your

How to Determine Which Franchise Business is Best for You | Inc.com

With thousands of franchise opportunities, it’s no easy task. Follow our guide to choosing one that will give you a greater chance of success.

Two years ago, John Falvey, then a specialist broker for Goldman Sachs on Wall Street, decided he needed a career change…More at http://inc.com

8 Steps to Finding the Franchise That’s the Best Fit for You

With hundreds of franchises to choose from, narrowing your options, then choosing the best one, will be easier if you follow our eight-step process.

The following excerpt is from Rick Grossman’s book Franchise Bible…More at http://entrepreneur.com

How to Choose the Right Franchise

Think you’re ready to open a franchise? Here’s what you should consider before you choose which one is best for you.

Franchises are appealing to new entrepreneurs who want the reduced risk of a proven product or service while still being their own boss.

They can get support from the parent company or fellow franchisees to ensure success…More at http://businessnewsdaily.com

How to Choose a Franchise Consultant | International Franchise Association

How to Choose a Franchise Consultant Franchise consultants can be a wonderful asset to help you find a strong franchise opportunity that matches your goals.

They can explore the dreams you hope to accomplish through franchise ownership and determine your skills and preferences so that the companies you investigate match well with you…More at http://franchise.org

How to Find Good Franchise Opportunities

Welcome to part two of our series on buying and running a successful franchise.

In this tutorial, we’ll take you through the steps involved in searching for franchise opportunities, and give you some useful resources for finding the best ones to invest in…More at http://business.tutsplus.com

Franchise Directories

Franchise Directory – Find Your Perfect Franchise Opportunity | FranchiseDirect.com

Search the #1 franchise directory for 100’s of top franchises. View exclusive franchise videos and keep up to date with the latest news and information from the world of franchising…More at http://franchisedirect.com

Franchise Business Directory

Starting a franchise business starts here. Use this franchise business directory to find franchises for sale, how much they cost, and the territories available…More at http://franchise.com

Franchise Opportunities by Industry | Restaurants, Cleaning, Service, Computer, Automotive, Retail & More

Start your search for Popular Franchise Opportunities. You can search by industry and category. Begin your search today…More at http://franchise.org

Franchise Directory – Complete List of Business Opportunities

Franchise Directory containing hundreds of available franchise opportunities for sale, listed alphabetically…More at http://franchisegator.com

The Franchise Directory powered by The Franchise Expo

The National Directory is a valuable resource to connect you with high quality brands actively looking for local owners across North America…More at http://nationalfranchisedirectory.com

How To Buy A Franchise

Guide to Buying a Franchise – FranchiseDirect.com

Whether you want to acquaint yourself with franchising as a way of starting your own business, or you have something specific in mind like a food franchise or a cleaning franchise, you’ll find something useful in Franchise Direct information center…More at http://franchisedirect.com

Buying an Existing Franchise, Part 1 – Purchasing an Existing Franchise – Entrepreneur.com

Buying an existing franchise can be tricky. Here is what you need to know when you plan to buy a “used” franchise instead of a new one.

Question: I’m considering buying an existing franchise operation from an acquaintance, and want to be careful.

What should I look out for?

How do I find out if the selling price of the business is reasonable?

Does the franchise headquarters help out with such information?

Do I need to hire an expert to assist me in this process…More at http://entrepreneur.com

5 Biggest Mistakes People Make When Buying a Franchise | Inc.com

Being your own boss is often a dream of many but it doesn’t come without its risks. Here are 5 common mistakes that consumers make when buying into a franchise system.

Buying a franchise usually starts off as exciting and exhilarating, but franchise veterans will quickly tell you that after the excitement comes stress and more stress…More at http://inc.com

Is Buying A Franchise Wise?

If you like being your own boss, this is not the job for you.

Find the best broker for your trading or investing needs Many people think that buying a franchise is a sure way to become a millionaire, but in reality, there are a number of reasons why becoming a franchisee isn’t all it’s cracked up to be…More at http://investopedia.com

Reasons You Should Buy a Franchise (and Reasons You Shouldn’t)

So you’re thinking of buying a franchise?

Chances are, if you’ve thought of striking out on your own and starting a business, somebody has suggested that you buy one.

Odds are also good that someone you also know has urged you not to buy a franchise…More at https://money.usnews.com

How To Sell A Franchise

3 Unique Ways to Sell Franchises

When it comes to franchise sales, there are several alternative approaches you can take as a new franchisor. Get an inside look at each strategy.

In Franchise Your Business, author and franchise consultant Mark Siebert delivers the ultimate how-to guide to employing one of the greatest growth strategies ever — franchising…More at http://entrepreneur.com

Sell Your Operating Franchise in 3 Simple Steps

Congratulations, you have built a successful franchise and are now ready to exit. You might wonder:

Is selling a franchise different from selling an independent business?

What can you do to ensure a successful sale? Here are three simple ways to successfully sell your operating franchise…More at http://franchisingusamagazine.com

Selling a franchise resale

The decision to sell a business is one of the most important choices anyone will ever have to make and for many franchisees it will be uncharted territory.

Having invested a considerable amount of time and effort in building the business, its sale probably holds the key to a comfortable and secure future…More at http://franchiseresales.com

5 Tips to Selling Your Service to Franchisees | Franchise Doctor | Atlanta & Denver

The Franchise Doctor has found that many consultants, coaches, speakers, trainers, and other service companies totally ignore the potential available to them by serving franchisees. They assume that the franchisor provides for all the needs of each of their units.

While a few do, most are unable to and the door is wide open to you–just like with any independent business in your community…More at http://franchisedoc.com

Can You Sell a Franchise? | Inc.com

Here’s what they had to say: Selling a Franchise:

The Benefits

1. Customers are loyal to the business, not you ‘When you pick up a Big Mac, you’re probably not choosing McDonald’s because you’re loyal to the owner of that franchise…More at http://inc.com

How To Get Out of A Franchise Deal

Terminating a Franchise Agreement: How to Get out of a Franchise Business

As a franchisor, the owner of the franchise, you receive payment for the right to use the franchise name and, potentially, royalties on the profits.

However, not all franchise relationships work out. Sometimes owners or operators wish to terminate the franchise agreement early.

There are several actions you need to take to make sure the termination is legal and does not create financial difficulties…More at http://info.vethanlaw.com

Options for Getting Out of a Franchise Agreement | Franchise Law Firm

While your options for getting out of your franchise agreement will be highly dependent upon your unique individual circumstances, the following are four potential…More at http://goldlawgroup.com

How do you get out of a franchise? – Franchise Business

It’s easy to get in, not always so easy to get out. But understanding the rules around exiting a franchise helps.

It’s easy to get in, not always so easy to get out. But understanding the rules around exiting a franchise helps.

So, you shopped around and selected a franchise system that you believed would be suitable for you your family and lifestyle… More at http://franchisebusiness.com.au

Getting Out of a Franchise Business – Leaving a Franchise Business – Entrepreneur.com

However, I’m having trouble with the marketing aspect of the business. I’m following the franchise program to the letter, but I find it difficult to get referral sources to take the time to talk to me.

I really would like to get out of the franchise agreement while keeping most of my posterior intact. Any ideas?”…More at http://entrepreneur.com

How To: Getting Out of a Franchise Agreement | Legal Advice

Whether and how to avoid being trapped by these covenants depends on myriad factors and circumstances.

You can’t avoid the covenant by simply “selling” your business to your brother-in-law. You need a strategy to get out cleanly and completely…More at http://yourfranchiselawyer.com

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