If you've got a retirement fund, and even if you've been told you can't use the money to invest in a business, you're just four steps away from funding your own franchise acquisition.
During the recent International Franchise Expo in Washington, DC, one of my students asked me if it was true that the U.S. Department of Commerce determined that franchises succeed 97% of the time. “Where’d you’d see that information?” I asked. Don’t Believe Everything You Read Online The student said,... View Article
I don’t remember (and it doesn’t matter) which major news publication this week ran an article about the popularity of franchises in a recession, but there was one sentence in the article that gave me a chuckle. Often times, when the media print articles that put a positive spin on... View Article
Years ago when I interviewed franchisees for Franchising: The Inside Story (published so long ago, I’m embarrassed to say, that it’s out of print!) I always asked them how they felt about taking risks. At the time, I thought franchisees were entrepreneurs and that entrepreneurs were risk takers. But I... View Article
I’ve often said that you buy a franchise to learn what TO do, but franchise veteran Jim Tatem, speaking at the International Franchise Expo in Washington, DC, put another spin on things when he said, “You buy a franchise to learn what NOT to do.” Excellent point. And it reminded... View Article
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