Instead of trying to find the magic unicorn franchise to match an individual, flip the script. Check out the 3 tiers that largely determine successful franchise businesses.
It is very easy to assume that you should focus on finding a buyer who will pay the highest valuation for your company. However, there are many more things to consider before picking the right buyer for your business.
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Investing in a multi-unit franchise can diversify your portfolio and build a substantial business, but it is critical to understand your financial and operational capabilities clearly.
Every global business started with one store or restaurant. To get the best possible compounded returns on their investment, franchisees should consider emerging brands, which offer more support and growth potential at much lower costs.
Tackling three myths about franchising and making the argument for why companies should consider the franchising model to scale their businesses and why it can be an excellent opportunity for entrepreneurs to create economic and social value.
Turning an idea into a multi-billion dollar business requires original thinking, careful vetting of the concept and franchisees, and old-fashioned customer service.
When you've put your blood, sweat and tears into building an independent business, it's hard to know if converting to franchise is selling out, or buying into something better. We talked to business owners across industries about how they made the decision, and to franchisors on why they're pursuing the conversion strategy.