12/29/2011

Franchises and Families

Family owned businesses are an American tradition.  Long before the term came into existence in 1951, ‘mom and pop’ businesses could be found in every corner of the country.  But in a fragile economy, starting a family business from scratch is a risky move, and so increasingly over the last few years, Mom and Pop…


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Common Challenges for New Franchisees: Part Two

Letting go of employees is perhaps one of the most difficult tasks that business owners face. Especially for brand new business owners who are just getting a handle on the operations of a business, firing someone can be pretty nerve-wracking. Perhaps that’s why our Franchise Business Consultants identified hanging on to staff members that aren’t…


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12/27/2011

Getting to Know Your Potential Franchisor: Training

Nearly every franchisor claims to offer excellent training programs to franchisees, because training is one of the most important services that a franchisor provides.  Dig under all the marketing-speak with these four questions to help you assess the quality of a franchisor’s training program. Ask the franchisor: What was the most important recent improvement or…


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12/23/2011

Common Challenges for New Franchisees: Part One

For a new franchisee, having a great staff is never more critical than in the first few weeks and months. Yet our Franchise Business Consultants agree that proper staffing is the number one challenge for new franchisees. Most good franchisors provide ample hiring guidance. So how do new franchisees get tripped up? With all of…


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12/22/2011

What do franchisors look for in franchise candidates? Trait One…

Think you need an MBA to impress a franchisor?  Not true.  In this series, we’ll examine some of the key traits that franchisors seek in potential franchisees, and why those traits are so important.


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