Expert Advice
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Our Expert Advice Articles are written by industry leaders with proven experience in the franchising sector. Our experts cover financial, accounting and legal issues in addition to sound business strategies to help you succeed.
Promote Your Low-Cost Franchise Model to Attract Potential Franchise Owners
From entrepreneurs looking to start a new business to CEOs opting to run their own company, franchising has become a staple across the United States. According to Statista, in 2022, it was estimated that there would be almost 792,000 franchise establishments in the...
How to Grow a Seasonal Franchise
A seasonal service business can be a blessing and a curse. Seasonal franchises, such as holiday-themed businesses, lawn care and landscaping, or pool services, generate most of their revenue during a particular season or time of year. Such businesses face some...
Home Sweet Home Businesses to Serve the Masses
According to recent data, there are over 140 million homes in the United States. Think of this as your pool of potential customers as a home service business owner. The past decade has given us a steady increase in outsourcing for household projects, tasks, and...
As Baby Boomer Restaurant Owners Retire with No Plans for Millennial Children to Take Over, Restaurant Brokerage CEO Sees Uptick
As World War II ended, soldiers returned fresh from battle to reaffirm their legacy in creating the largest generation America has ever known. It led to significant birth rates and a “boom” in the population giving rise to the nickname, “Baby Boomers.” That generation...
How to create a recession-resistant franchise model and market that to franchise prospects
The thought of a recession can be scary. I get it. I remember living through the 2008 Great Recession as I’m sure most of you reading this also do. Negative headlines about shrinking job pools, cooling housing prices and high inflation can get all of us nervous. ...
The Impact of 360 Feedback and 4 Mindsets to Receive Feedback
According to a report by the Corporate Leadership Council, organizations that use 360-degree feedback for their leaders are more likely to have a culture of accountability and performance, leading to higher levels of business success. (Source: Corporate Leadership...
Should You Invest in a Service-Based Franchise?
The world where all service companies do business has changed dramatically in the last 20 years. So it should come as no surprise that the climate for service-based franchises has evolved too. Two decades ago, there was an abundance of talented individuals who...
Home Service Franchises: A lot of Work under One Roof
Popularity, profitability, and scaling potential among franchises never stay the same forever. Trends vary with circumstances and even between markets. As a franchise coach, I’ve seen a lot change in the last three years, some in response to the COVID-19 pandemic,...
Employer Misclassification/Joint Employer
A fundamental aspect of any franchise system are the relationships between and among the franchisor, the individual franchises, and the franchisees’ workers. Two different but similar legal claims seek to impose additional burdens and obligations on franchisors by...
Benefit of Multi-Brand Franchise Platforms
Franchising can be big business these days. More and more we are seeing parent companies with multiple franchise brands under their roof, in some cases many brands. Often these large franchise platform groups are backed by private equity and have a mandate to grow...