Does Franchising a Small Business Mean You Have to Lose Control?
July 18, 2014 by
You are a hardworking entrepreneur, who is running a successful small business. Your customers are impressed with your business and you are often asked about more locations. However you have some real reservations about expansion, and are particularly worried that expansion means losing control of what you started. Does franchising a small business mean that all…
How Do I Make Money Franchising My Business?
July 15, 2014 by
Your business is ready to grow and you believe it is time to step it up a notch. Maybe it is time to think about franchising your business as a growth strategy rather than investing more money in opening additional locations or starting additional businesses. As a business owner, you understand how to make money…
Should I Franchise or License My Business
June 9, 2014 by
When you are ready to expand, you may investigate both licensing and franchising as possible directions for business growth, but it can get confusing as to how these options differ. “Should I franchise my business or license my business?” We get this question often and it is critical to understand the differences. Teach Them and…
Franchising is a Way to Grow!
May 5, 2014 by
Often times people create a business to follow their passion and desire to become successful in their local market. Others create a business with the intent to grow it. Some even start their business saying to themselves “I am going to franchise my business later”. Why? Because franchising is a way to grow a business!…
The Benefits of Franchising and The Affordable Health Care Act
March 22, 2014 by
If I franchise my business do I need to be worried about the Affordable Health Care Act? This is a GREAT question! As you follow current events, there is always coverage of The Affordable Care Act, its enrollment numbers and, of course, its pros and cons. Most of the updates are directed towards individuals, though…
What are the Average Franchise Royalty Fees? Are They Always 5%?
March 7, 2014 by
As franchise developers our role is to educate business owners like you who want to franchise their business. We are always here to answer questions and one of the most common questions we hear is “I am wanting to franchise my business, is it true that royalty fees are always 5%?” (for answers to more questions…
Top 5 Reasons NOT to Franchise When You’re Not Ready
February 5, 2014 by
We talk with hundreds of business owners about franchising their business. More often than not, we turn these ambitious business owners away advising them against franchising. Why? Well just because you can franchise almost anything, it doesn’t mean everything SHOULD be franchised!! There are disadvantages of franchising when you are not ready (read more on…
The Franchise Operations Manual Scares Me!
December 13, 2013 by
When franchising your business, we understand that the prospect of creating a Franchise Operations Manual can, to some, be daunting and intimidating. Developing this kind of document might seem overwhelming and scary. “Where do I start?” “I’m not good at writing!” “What goes into it?” Remember, the Franchise Operations Manual is simply a collection of your…
Franchising: Our Most Successful Clients Like To “Get Their Hands Dirty”!
August 17, 2013 by
The Time Is Now You’ve worked hard to grow your business into what have today. Now you are eager to take the next step and grow your business through franchising. It is exciting yet nerve-racking at the same time! At The Franchise Maker, we talk with business owners (like you) every day. We will help you understand…
Do I Need To Register My Franchise In All States?
August 4, 2013 by
When you look into franchising your business, needless to say, you will find that there are A LOT of details to the franchising process. There is tons of information (and misinformation) about franchising on the Internet making it easy to get overwhelmed. And then you read somewhere that as a franchisor, I will need to register…
Franchising: Showing Financials to Prospective Franchisees
July 8, 2013 by
Do I need to show my financials to prospective franchisees? The topic of “financials” often creates confusion to just about anyone, and unavoidably, the franchise industry is not free from this mystification. To understand the role of financials in franchising, we need to understand a bit of background information. An Entity is Born When you…
Becoming a Franchisor Means Always Being Involved!
June 8, 2013 by
You have worked hard to grow your business to where it is today. Now you are eager to take the next step of becoming a franchisor but you are a bit apprehensive. It is exciting yet nerve-racking at the same time! At The Franchise Maker, we talk with business owners every day. We will help…
How To Spot a HOT Business That COULD Be a Big Franchise!
May 10, 2013 by
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…
Making Your Money Go Further to Grow Your Business
March 29, 2013 by
Grow Big! Become a National Brand! We talk to business owners every day whose businesses are thriving and looking to take that next step in growth, which is franchising. For many that success comes in part by taking prudent measures and spending wisely in their day to day operations. And that typically means getting exceptional value for…
Franchisor and Franchise Marketing Collateral
February 16, 2013 by
The Franchise Maker has a team of graphic designers who create franchise marketing collateral pieces. Lets hear what they have to say. Good franchise marketing collateral pieces should be doing the selling for you. Oftentimes strong franchise marketing collateral will not only sell effectively for you, it may even have the potential of selling BETTER than you. So…
Does Your Business Measure Up For Franchising
December 13, 2012 by
A while back you started your business and it has been doing great. You have survived recessions, pandemics and maybe even natural disasters. Things are humming along quite well. Perhaps you have a team running your business and you find yourself not as involved in day-to-day operations. You have morphed into the role of a…
The Franchise Operations Manual: A Powerful Tool
November 20, 2012 by
You’ve worked hard building and developing your business and now you want to duplicate it so you can franchise it. Yep, you’ve spent years making mistakes and learning about the exceptions to the rule. By doing this, you’ve created, implemented and honed many different processes and systems for how to best manage your day-to-day operations….
Know the Difference Between a Franchise Advisor, Consultant & Broker?
September 1, 2012 by
When looking at the franchising industry, there can be some confusion in terminology. Who does what and what are the deliverables? There seem to be various players. Titles that are often loosely used, co-mingled and poorly defined are Franchise Consultants, Franchise Advisors, Franchise Brokers and Franchise Developers. So let’s break them down and see what…
Want More Locations But Don’t Want to Hire More Employees?
August 6, 2012 by
You’ve probably heard this statement (or something like it), more than a couple times…maybe from someone at a networking mixer, or even from a business owner you know. When you hear this, your immediate response should be: “Have you ever thought of franchising?” It’s nearly every business owner’s dream that their business goes viral and expands…
Successful Franchisors Do These Things
July 12, 2012 by
To be successful at franchising, strong franchise systems have implemented a number of best practices that make them successful. But what really makes a franchisor HIGHLY successful? Let’s take a look at a few of the industry’s best practices. Franchisors can apply these without significant financial investment and achieve a powerful impact with franchisees while…
Is a Franchisor Required to Advertise for Franchisees?
June 30, 2012 by
True or False? Advertising is a marketing tool that is essential to any business’s success and can range from networking strategies to million dollar media campaigns. Within a franchise system, advertising is equally important. In fact when talking about franchising and advertising, there are specific obligations that the franchisee must follow in terms of advertising their…
Do I Really Need Someone to Manage My Franchise Sales?
June 4, 2012 by
You have decided to franchise your business and as you research into franchising, you are faced with several decisions. Franchise development is by far the most important; however, you realize that franchising is another business and that soon you will need to manage the franchise marketing and sales side of that business. Is managing franchise…
Franchise Registration States Some States Are Tougher
June 4, 2012 by
As you know, the Federal Trade Commission regulates the franchise industry. The required set of disclosures required by the FTC to offer the sale of franchises are collectively known as the Franchise Disclosure Document or “FDD” and these Federal guidelines were last revised May 07. Once the FDD has been drafted and reviewed by a…
Facts About Franchising You May Find Helpful
May 8, 2012 by
Help to influence growth for yourself and others in a BIG way. Franchising can be confusing and for some they may think that franchising only applies to restaurants (which is not the case). We’ve put together some facts about franchising that you might find helpful. So as you are thinking about expanding OR when you…
Does a Business Need to Be in Operation Before Franchising
April 7, 2012 by
One of the most common questions about franchising is, “Does a business need to be in operation before franchising?” Legally speaking, a business does not need to be in operation in order to franchise, so believe it or not, this myth is FALSE. You CAN franchise a business that is not up and running and…
Attorneys, It’s Hard For Them to Admit They Can’t Do It All!
March 9, 2012 by
Chances are you’ve engaged the services of an attorney at some point for your business. Admittedly, attorneys have to get a lot of education and pass a very difficult and strenuous test to become accredited. And for some, this is a license to practice law, for others, it’s a license to take what seems to…
What Do I Get Out of Franchising My Business?
February 15, 2012 by
Each day you pour your heart and soul into your business. You work hard to be the best, providing superior service and great products resulting in happy, loyal customers and/or clients. If you are like most business owners, the payoff for all your sweat equity is not just simply in revenues, but in the flow…
Leaders Make the Best Franchisors
January 30, 2012 by
Leadership is certainly a virtue that is valuable and even critical across many facets of life, especially in franchising. Colin Powell, a former secretary of state, national security adviser and chairman of the Joint Chiefs of Staff, is no stranger to leadership. Powell has spoken and written on the subject of leadership many times during…
The Difference Between The Franchise Maker and a Franchise Attorney
December 13, 2011 by
When researching how to franchise your business, it quickly becomes confusing and overwhelming. Not to mention, you have franchise sales brokers calling themselves “consultants” or “advisors” and recently calling themselves “franchise developers”, trying to offer franchise development services (see our article titled, “Know the Difference Between a Franchise Advisor, Consultant & Broker”). After the smoke…
Franchise Myth: A Business Needs to Show Financials to Franchise
November 15, 2011 by
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…
