Starting a business is a major endeavor. You need to perform market research, file for a license, create a marketing plan, and build your brand. One way to shorten the process is to become a franchise business owner. As a franchise business owner, you can tap into the resources and ...
What is a franchise? A franchise is when an established business owner (called a “franchisor”) allows another person (a “franchisee”) to open and run an identical or similar business under the franchisor’s established brand. This business expansion model allows franchisors to grow their ...
Starting a new business is fun, exciting, and a little scary. Learning how to franchise a business is all of those things too, but running a franchise is a bit different. Franchising is a good option for anyone who wants to start a business without having to go it alone. When you fran...
Franchisee Rob Chamberlin, president ofSecurity 101 San Francisco, says the annual royalties paid to the franchisor also discourage some. “The additional costs associated with a franchise, which typically range from 4 to 10% of revenues, are the main negative with a franchise model," he says. ...
Stick to no more than two images on one page unless you're a family-friendly establishment. Include images of your most popular or high-value items to pique your customers' interest, making them more likely to order that dish. If you have multiple locations or you own a franchise, consider...
How to Create a Brand Identity for Your New Business Tips for Starting a Business Resources to Start a Business How to Start a Business Online Top Tips From Founders and Entrepreneurs Next Steps: Getting Ready to Launch Your Business Free Business Startup Kit 9 templates to help you brainstorm...
This is because McDonald's has a standard menu all over the world. There is a smaller regional menu that is up tofranchiseowners, but every restaurant has to offer the basics like a cheeseburger and Big Mac. People don't go toMcDonald'sbecause it is healthy. They go there because the...
2. Create a solid business and marketing plan. One common misconception among entrepreneurs venturing into a franchise business is that their role as franchisees will be limited to cashing checks and lounging behind an executive office desk. While the franchisor will often require the franchisee to...
Talk to an experienced accountant, not a generic sales person Alex Janeck Edith Silva Randy Hall $250M+VC Funding Raised "I had a great experience working with Kruze Consulting when we raised Series A. They know what VCs need to see, and how to present a startup’s books and finances....
If you’re running a business by yourself and haven’t taken steps to create a formal business entity, you’re likely operating as a sole proprietor. Setting up as a sole proprietor is generally straightforward, but may vary from state to state. Business owners must be aware of the followin...