Guide to Buying a Franchise
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.
5 Crucial Questions to Ask Yourself Before Diving Into Franchising
Buying a franchise requires due diligence and ensure it’s your right choice. The research is often the most focused upon part of due diligence, but equally important is getting introspective. If you’re considering starting a franchise, here are five questions to journal on, discuss with your partner, or think through.
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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The One Thing All Prospective Franchisees Need to Do
If you’re looking into franchise business ownership don’t make the mistake of not visiting one or two franchise locations in-person. Why? Read this post to find out.
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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.
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How to Evaluate the Support System of a Franchisor
When you're considering buying a franchise, one of the most important things you need to examine is the level of support you’ll receive from headquarters. In this post, franchise expert Joel Libava shares with you why franchisor support is crucial, what types of support you should reasonably expect to get, and how to determine how good it actually is.
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Not Sure Which Industry to Start Your Franchise In? Read This.
Choosing the industry where you’ll enter the next phase of your professional life in can be overwhelming to decide. Here are a few ways to help you narrow the search and simplify that process.
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How to Research a Franchise's History Before You Open a Franchise
As the saying goes, “The best predictor of future behavior is past behavior.” While that saying typically refers to human behavior, the same is often true for corporate behavior. How do you dig into a franchise’s past behaviors to predict what life will look like when you leap into franchise ownership with that brand? Here are a few tips.
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3 Must-Know Considerations for Prospective Franchise Buyers
Keeping these three things in mind while you go through the franchise buying process will help you make an informed decision that you'll thrive with.
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3 Main Things Franchisors Look for In a Potential Franchisee to Determine Viability
As you search for a franchise, it's helpful to have an understanding of what franchisors are looking for in potential franchisees. What do franchisors look for most in a potential franchisee? Franchise consultant and industry expert Joel Libava summarizes three of the top things franchisors seek in franchisees in this post.