Opening a franchise business is widely regarded as a very effective way for the average entrepreneur to minimize their risk when starting a new business. In general terms I would agree that this claim is accurate. However, don’t kid yourself that just because you opted to start a franchise business that you are more or [...]

It is inevitable that starting and successfully operating any small business today is always going to generate an ever evolving list of complaints and disappointments for most owners. Entrepreneurs that choose franchising as the means to open a small business will have many of the same complaints as independent owners do along with a few [...]

If there’s one thing that everybody likes doing, it’s going out to a restaurant. Whether you have experience in the service industry or you’ve always been interested in owning a restaurant, a restaurant franchise might be right for you. Owning a restaurant franchise is one of the most sure-fire ways to have a successful business. [...]

Article contributed by Franchise Direct Franchise Direct, one of the world’s top franchise portals, has released its first-annual list of the Top 100 Global Franchises. Franchise Direct arrived at these rankings after examining thousands of franchises worldwide. Franchising plays a major role in the global economy, and this list highlights the franchise businesses that have [...]

You’ve narrowed your search down to three franchises. All of them promise great support. How can you get a better idea of what you’ll really get from each of them? That’s a great question. One of the main benefits of being in a franchise system is that you don’t have to figure everything out on [...]

The franchise sales process is kind of a paradox: both sides want the other to like them, to show that they are perfect for each other. At the same time, both the franchisor and the prospect want to make it clear that they’re looking for the perfect partner. In other words, franchise prospects want to [...]

Article contributed by Franchise Direct Franchise Direct, one of the world’s leading franchise portals, recently conducted an in-depth study of the coffee franchise sector. After thoroughly examining 29 Franchise Disclosure Documents, Franchise Direct has found that the coffee franchise sector is weathering the recession resiliently, bolstered by a product that is an integral part of [...]

Franchisees and Franchisors…the two work together to create and expand a successful business concept. So what role does each play in relation to the other? The Franchisor The Franchisor has built a successful business system and is willing to sell you the right to use that system, and all that goes with it, to begin [...]

Ultimately, that?s up to you to decide. But it helps to layout the pros and cons of both situations. Your aversion to risk, business experience, and financial considerations should all be taken into account. Pros and Cons of Starting Your Own Whether purchasing a franchise or starting your own business, one of the most common [...]