Expert Advice
We know that timely, professional advice is crucial to
making smart business decisions.
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.
4 Steps to Create Your Franchise Culture
Every organization has a culture. Successful companies create their culture instead of letting it happen organically.A study by the Harvard Business Review found that companies with a strong, positive culture experienced revenue growth of 4 times that of companies...
Recruiting the Best Owners for Your Senior Care Franchise
Recruiting the right owners for a senior care franchise can be a challenging task. While passion for caring for people is important, it is equally crucial to find owners with the necessary business skills and experience to run the franchise successfully. In this...
AI for Franchise Success
As you grow your franchise you will look for new and better ways to minimize the mundane tasks so that you can focus more time on your customers and employees. One way they can achieve this is by implementing artificial intelligence (AI) in their operations. With the...
Leveraging multi-unit franchise ownership to maximize future growth
As a whole, franchise models offer the ability to own and operate a business, while taking advantage of its systems and support to attain financial freedom. A proven franchise brand allows its franchisees to overcome many challenges that new, independent,...
Challenges and Opportunities Facing Restaurant Franchises
Although inflation is a concern across the industry, restaurant franchise operators are still looking for investment and growth opportunities, TD Bank survey finds If you’ve visited your favorite restaurant franchise in the past few months, you’ve probably noticed a...
States need to understand how cannabis regulations impact the use of the franchise model
As states decriminalize cannabis, the regulations they establish and enact shape the industry’s market through both intended and unintended consequences. Critically, few state policymakers appear to consider how their regulations – such as regulations on out-of-state...
Rethinking training for franchise success
Launching and growing a successful franchise business requires a range of skills and expertise that few people have when they enter the industry. Most new franchisees can bring experience in a particular field but depend on the franchisor and the network of fellow...
Franchise Relationships: Advice for Emerging Brands
From the day you open your doors, great franchise relationships are crucial for the success and growth of your emerging franchise business. However, it’s never too late to start building strong relationships with your franchisees. In fact, it’s essential to take steps...
Multi-Unit Franchising Best Practices
It’s not a new topic; multi-unit franchising has made news headlines across various business publications since the mid to late-1980’s, as the concept began to gain popularity among successful business owners and entrepreneurs, looking to expand their portfolios. So,...
Shop Smart: How to Make a Wise Multi-Unit Investment
Recent years have seen more and more franchise investors seeking a package of franchise units. This type of ownership, called multi-unit franchise ownership, has seen a spike in popularity. The most recent information from FRANdata shows that over half of all...