Franchises are a booming business. As such, they’re appealing to entrepreneurs who want to operate a storefront without investing too much in the traditional costs of starting a business. These traditional costs may include research, development and advertising, just to name a few. But even wi...
In the first episode of the #LocalBites podcast, Phil Killoran discussed why he moved away from owning franchises to opening his own concept. He did a great job of explaining how each of the pros and cons of owning a franchise affected his decision. One of the big pros to him was the...
Although most businesses need at least $30,000 to launch, a franchise may require more capital or assets totaling a lot more. For example, if you want to open a McDonald’s location, you must have at least $750,000 in liquid assets. Interest rates on personal loans vary greatly, and ...
San Antonio opened camp without a member of the franchise's famed Big Three of Tim Duncan, Manu Ginobili and Tony Parker on the roster for the first time since the 1997-98 season, thus ushering in a new era of Spurs basketball. Despite a rash of early injuries and the hiccups of incorp...
For investors, if you want to open a shop, but there are no good ideas, or lack of confidence in your personal ability, then opening a franchise is a good way. The United States has conducted a survey on the success rate of opening stores. The result shows that the success rate of ...
The Pros One of the biggest draws to opening a franchise is that you already know you’ll be working with a proven business plan. But that’s just the tip of the iceberg. Standard operating procedures: With an established business plan also comes procedures that have fared well at other lo...