FAQs About Franchising
What a Day in the Life of a Franchisee Really Looks Like
While it differs by the kind of industry one is in -- and no two days are ever exactly alike, a franchisee's day is rarely monotonous. Here, we overview some of the more typical points in the day of a franchisee.
Franchise SBA Loan Approval and the Franchise Directory
While searching for financing options for your franchise, you will likely come across franchises that say they are part of the SBA Franchise Directory and are “SBA-approved” or something to that effect. Here is what you need to know about the Franchise Directory and the SBA loan programs commonly used by franchisees.
Franchise Resales: Buying an Existing Franchise vs. Starting Fresh
A resale franchise vs. new franchise. Neither option is inherently better than the other and your "perfect" match might surprise you. Here are some tips on gathering the proper information to make the best decision for your situation.
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Who Owns Who in Franchising? Over 50 of the Most Popular Franchise Parent Companies
A listing of many of the most well-known franchise parent companies along with which brands fall under their respective umbrellas.
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Major Hotel Franchise Conglomerates and the Brands They Own
A listing of the most popular hotel franchise parent companies and the brands they own.
After the Contract is Signed: Post-Purchase Franchisor Support
You've probably heard the phrase "in business for yourself, but not by yourself" when it comes to franchising. But what does that mean? Franchise consultant Joel Libava overviews the support franchisees can typically expect from their franchisor once the contract is signed.
What to Expect from Franchise Training
The presence of training is what often draws people into franchise ownership vs. independent business ownership. Training varies depending on the franchise you enter into an agreement with, but there are a few common elements across the board that you can expect from franchise training from your franchisor.
5 Traits That Make Franchisees Successful
What does it take to become a successful, high-earning franchisee? What are the traits needed to thrive in franchising? Do you have them? In this post, franchise industry expert Joel Libava unpacks five of the factors that can help you thrive as the owner of a franchise business.
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Personal vs. Professional: Should You Start a Franchise Based On Your Passions?
“Follow your passion” is a common rallying cry of entrepreneurship, but is it the best guidance you can receive as you choose which franchise to start? Maybe not. Here's why.
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Side Hustle Franchises: What They Look Like and Why You Should Consider One
If you’re looking for a franchise you can start as a side hustle instead of a full-time, income-replacing business, here are three franchise areas to look at.