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By John P. Hayes, Ph.D. Franchisers in the United States are required by federal law to tell prospective franchisees how many franchises they sold and retained from year to year. That’s good information for anyone who wants to buy a franchise. But it’s not enough information to help you determine if the franchisees are operating [...]
By John P. Hayes, Ph.D. What will make you happy? Tweet This Post
She got into the business in 1999 based upon her background in management. Prior to taking the lead at the ServiceMaster franchise in Somerset – which also maintains an office in Altoona and serves eight counties – her career included significant time in upper management and executive roles in corporate America.
Franchisors sell franchises with the expectation that the franchisee will succeed. Makes sense, doesn’t it? But let’s take a look at what that really means to both the franchisor and the franchisee.
Loveland, Ohio-based Martinizing Dry Cleaning, through its Utah franchisee Scott Ray, will open its first four stores in Sandy, Bountiful and Centerville as early as this summer.
…grossly understating start-up and operational costs, artificially inflating sales projections, and making unlawful earnings claims…
CANTON, Mass., April 14 /PRNewswire/ — Dunkin’ Donuts, America’s favorite all-day, everyday, stop for coffee and baked goods, announced today that the Louisville market will be one of its key franchise development markets in 2009, with plans to develop multiple new restaurants over the next several years. The targeted growth markets are Louisville and Evansville, [...]
The statistical truth is that the single most common reason new franchisees (and for that matter, all other types of new businesses) fail is that they did not have enough money going into the investment.
During the recent International Franchise Expo in Washington, DC, one of my students asked me if it was true that the U.S. Department of Commerce determined that franchises succeed 97% of the time.
“Where’d you’d see that information?” I asked.
The student said, “I found it on the Internet.”
Don’t Believe Everything You Read Online
That’s what I figured she’d say because I’ve read it on the Internet, too.
Why open a business in this industry? “Melissa and I have always been health-conscious people. We wanted to open a business that would provide a healthy outlet to people at an affordable price,” Piper said. How long did it take you to start your business? “The process began in October 2007. We looked at several [...]
In these days of “green” everything, human recycling is hot too. Thanks to layoffs, there’s no shortage of slightly used, perfectly good people hunting for work. Take Jon McIntosh. In 2007 the 51-year-old mortgage banker found himself downsized for the fifth time in his career and decided it would be his last. Tweet This Post
Owning a franchise is not a quick and easy way to get rich. It takes time, effort and a lot of hard work. This is the same irrespective of the nature of your start-up business. The benefits of franchising, however, are that no re-invention is required. The brand has already been established and you benefit [...]
The Grout Medic, an industry leader in the aftercare market of grout and tile repair, is offering franchise business opportunities in the grout restoration industry for entrepreneurs interested in starting their own environmentally friendly cleaning company.
B-to-B ad agencies faced a challenging 2008, as the economy started to slow in the early part of the year and plummeted in the fourth quarter. By the time the wreckage was tallied, total ad spending was down 2.6% from 2007, according to Nielsen Monitor-Plus. Tweet This Post
DALLAS & JAKARTA–(BUSINESS WIRE)–7-Eleven, Inc., the world’s largest convenience retailer with 36,000 stores worldwide, has announced plans to expand its business into Indonesia Tweet This Post
The Original SoupMan, makers of the legendary soups of Al Yeganeh, who inspired the “Soup Episode” on Seinfeld, joined forces today to announce a stimulus package contest to help one lucky winner realize their dream of owning their own business.
Some A&W restaurants adding 4 drinks to menu A&W Restaurants, part of Louisville-based Yum! Brands, is adding four drinks to its Sweets & Treats line in the Midwest and Northwest: Blendrrrs, featuring candy pieces. Smoothee, made with chunks of fruit. Slushee, made with fruit juice. Limeade, made with lime. The new drinks will be offered [...]
An automotive type franchise offering may not be of interest to you, but if it does pique your curiosity, then you ought to look into this sector. Generally, the mobile car or truck franchises have franchise fees ranging from $5,000 to $28,000 and most have two-three weeks of comprehensive training. Some have been around for over a decade and have a really good reputation.
Timing is ripe for new candidates coming into the franchise world. Corporate America has displaced millions and over 10% of the workforce is now unemployed. The new word for those out of work is to “re-invent” yourself, because you have little to no chance of finding a job in the next six months.
Cookie Man franchise expands into India. Already extablished in Australia, Greece, Singapore, Egypt, India and China
Revive Juice Bar franchisors are busy with expansion plans
