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.
LOOK FOR YOUR COBWEBS
I went to visit a franchisee one day and when I got there, everyone was happy to see me. The store was Immaculate, and I mean immaculate. I could have eaten off the floors. I mean it was extraordinary. They knew that I, the CEO, was coming and they had obviously gone...
Why Franchisees Should Consider Growing Their Portfolio with the Same Brand
Multi-unit franchise ownership can be an incredibly lucrative career path. Whether you already own multiple units or are just beginning to look at adding more units after the success of your first, there are a variety of ways to go about growing your franchise...
Franchising Tips to Surviving in a Post-Pandemic World
We are over two years removed from a global event that changed the business environment forever. The COVID-19 pandemic took the world by storm in 2020. Due to stay-at-home orders and the inability to interact face-to-face, revenue dropped for many companies while...
Change or Die: How Diversification Keeps Ziebart Thriving After 60+ Years Why Innovation Never Has a Stop Date
In 1959, inventor and entrepreneur Kurt Ziebart invented a new automotive protective product, creating buzz and sparking public interest in the budding automotive aftermarket services category. Ziebart’s groundbreaking rustproofing invention put the company on the map...
The Importance Building a Bilingual, Multicultural Franchise Brand
Did you know there are more Spanish speakers in the United States than there are in Spain? In fact, about 43 million people, or 13% of the U.S. population, speaks Spanish as a first language. What’s more, the U.S. Census Bureau estimates that by 2060, the Hispanic...
Multiple Ways Multi-Unit Franchises Pay Off
FRANdata conducted a study citing that over 50% of the franchises in the U.S. are now owned by multi-unit operators - roughly 54%. Multi-unit franchising refers to a franchisor awarding the rights to open and operate several franchised units within a single defined...
5 lead indicators of franchisee underperformance
Underperforming franchisees in a network do harm to themselves and to the brand they represent, yet the lead indicators and causes of underperformance are poorly understood.
5 Actions Leading to 1st Franchisee Success
Starting a new business is risky. Starting your franchise as one of the 1st franchisees is more complex and has unique rewards. 5 well-planned actions lead to a 1st franchisee’s success. In this article, I'll discuss: A summary of my experiences as the 1st ImageFIRST...
Done For You Investor Franchise Opportunities
The Franchise World is adapting to the influx of multi-unit/brand empire building, overseas investor, family office and investment fund candidates for franchise opportunities. The step taken in the past was moving from owner operated franchises to semi-absentee. Now...
WOMEN OWNED FRANCHISE SYSTEMS
The undeniable growth and expansion in women owned businesses around the United States and the world is underway and some of the statistics both in franchising and in small business ownership. This rising tide for female business ownership is both a very good...