Franchise Direct Blog
Should You Sign on for Another Franchise Term?
One of the most consequential decisions you'll make as a franchisee is whether to renew at the end of your term. Yet it rarely gets the attention it deserves until the renewal deadline is staring at you in the face. That’s why franchise industry expert Joel Libava wants to walk through this decision methodically before the pressure is on.
Why Tech-Driven, Low-Overhead Food Franchises are the Future
If you are a tech-savvy franchisee looking for a high-growth business model that minimizes overhead and maximizes scalability, the tech revolution occurring in the food industry is making some food franchises more financially accessible than before.
How Veterans Can Leverage Military Skills to Start a Franchise
The transition from military life to a civilian career can often feel like starting from scratch. However, many veterans have found a niche in running a franchise after their military career is complete. Here is how the combination of military veterans and franchising has become such a successful pairing.
3 Steps to Building Strong Relationships with Franchisors
To work at its best, your franchisor-franchisee relationship shouldn’t be looked at as a transaction. It's a partnership that can make or break your success as a franchisee. These are three concrete steps you can take to build a partnership that drives mutual success.
Navigating the Franchise Discovery Process Like a Pro
The franchise discovery process is as much about you vetting the brand as it is about the brand vetting you. Let's break down how to navigate this process with confidence and clarity.
How to Overcome Common Fears of First-Time Franchise Owners
Fears are universal, especially when doing something for the first time. This post isn’t about pretending those fears don’t exist or downplaying them. It's about giving first time franchise owners tips to help overcome them.
How to Choose a Franchise That Aligns with Your Values and Beliefs
It's likely no franchise opportunity will match your belief system 100%. The goal is to find one you can represent authentically and with integrity, says advisor Joel Libava. He provides tips on how to find a franchise that best aligns with your values and beliefs in this post.
A Guide to Franchise Financing Options
Beyond traditional bank loans, there are a variety of creative and flexible financing methods available for you to begin your journey as a franchisee. These other financing methods include small business loans, ROBS, personal asset leverage, and crowdfunding.
Thriving Unconventional Service Sector Franchise Opportunities
No storefront, no problem. If you don't want a traditional brick-and-mortar location, perhaps look at service-based franchise models. Serving both B2C (business-to-consumer) and B2B (business-to-business) client bases, these franchises offer options that can work with lower overhead and be business areas sometimes not thought of initially.
How Franchisees Find and Keep Star Employees
The franchise industry presents recruitment elements that can differ from more traditional corporate hiring. However, while your franchisor will play a large role in your practices, there are things you can do as a franchisee to make the process as painless as possible.