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.
What Franchisees Need to Consider When Looking at a Franchise
Unit level economics describes a specific business model's revenues and costs in relation to an individual unit. It’s critical that a prospective franchisee has realistic expectations when it comes to developing a license territory.
Record Business Start-ups Fuel Franchising
The migration of employees to business owners began in mid 2020 and continues to be strong. In the final US Census Bureau tally, 2020 was the best year on record for new business start-ups. We expect 2021 could likely exceed the previous year as the applications...
Health and Fitness Franchises Look to Rebound in 2022 and Beyond
Businesses in every industry were impacted by the pandemic in some way over the past two years. Some faced subtle changes while others, like home service franchises, saw increased revenues due to more people choosing to do work on their home. Those in sectors such as...
Advice for Future Fitness Franchisees
Before deciding to invest in a fitness franchise, it is worth asking some valuable questions of yourself. What franchise is the best fit for you? What would be the best location for the brand? How can you create a community and brand loyalty? In addition to thinking...
Closing The Gap: From Fitness and Nutrition To Restore
Since Restore Hyper Wellness started in 2015, we’ve opened over a hundred health centers nationwide and helped thousands of people take meaningful steps to bolster the effectiveness of their self-care routine. From clients with chronic conditions to elite athletes...
Health and Fitness will grow Exponentially in 2022
It’s always easy to be an armchair quarterback, throwing out assumptions and big ideas on what will happen in the future. But this time I think I’m on to something. The health and fitness markets have been hit hard during COVID, for obvious reasons….it’s been...
Employee Retention: Creative methods – financial and otherwise – to keep the best!
On the surface, hiring and keeping good employees in today’s competitive hiring market seems simple . . . If you just pay more than everyone else, you will recruit and keep the best employees. Of course, it is not that easy, because if you believe and apply that...
How the Right Bookkeeping Support Can Increase Franchisee Scalability as the Industry Sees More Growth
The pandemic has accelerated the trend of people quitting their jobs to shift careers or become entrepreneurs. The U.S. Bureau of Labor Statistics (BLS) released data stating 4.3 million Americans quit their jobs in August 2021 alone, increasing the nationwide quit...
Thoughts on Micro-Franchising for the New Year
Originally, micro-franchising was a term used to mimic concepts of traditional franchising models but geared toward smaller-sized, pop-up or concession-style business models. Around the world, micro-franchising is gaining significant attention, especially as small...
Successful Franchise Owners Make Precise Decisions Deliberately and Confidently
Good decision making in business and life is a learned skill and can be practiced immediately. This article focuses on the decisions we make consciously.This isn’t a discussion about synapses firing, conscious versus unconscious (habits) or emotional intelligence. It...