FAQs About Franchising
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From Employee to Franchisee – 5 Changes That Occur
Whether you pursue business ownership through a start-up or buy into a franchise model, your life is going to change. These are five ways you'll grow and evolve professionally when you take the leap.
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How Will You Get Paid as a Franchisee?
The uncertainty around "How do I get paid?" keeps many people away from business ownership in general, including with franchises. To combat some of the unknown, here's how pay usually breaks down for franchisees.
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What’s It Like to Own a Franchise? Who Controls What?
It's oft-repeated phrase about franchising: "In business for yourself, but not by yourself." But how do the responsibilities break down between franchisor and franchisee? Here's a general overview of who is responsible for what in a franchise relationship.
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The Pros & Cons of Buying an Existing Franchise
Is buying an already established and running franchise as "safe" as it seems? That depends on many factors. Just as if you were buying a new franchise, there are several pros and cons to consider.
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Are There Franchisee Riches In Franchise Niches?
You're probably acquainted with the broad categories of franchises and the success that can be found within them. But what about the smaller ones? Niche franchises hold a large amount of potential as well.
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5 Traits of Successful Franchisees
There's no surefire way to tell if you'll be successful as a franchisee, but having these five characteristics won't hurt.
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Franchises Failures Do Happen – Usually for These 8 Reasons
No business is free from risk, but knowing where weak spots appear most often will help reduce the likelihood of failure.
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What Do Franchise Royalties Cover?
The thought of regular royalty payments can give those thinking about buying a franchise pause. But royalties play a foundational part in the success of franchises. Here's what they cover.
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How Many Hours Do Franchise Owners Work?
Frankly, there is no answer to the question of how many hours you'll work as a franchisee that covers all franchises. But you will get a better idea of how many hours you will spend in your business as you dive deeper into your franchise options.
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What a Good Accountant Can Do for a Franchisee
A good franchise accountant can help you successfully manage the unique bookkeeping needs present in franchising.