In response to this article: Is a Subway Franchise a Good Investment?, a reader on Linkedin asked if buying a franchise is “truly an investment” or “is it simply buying a job?” My initial reaction was to strike back – I get the job question all the time – and... View Article
It’s one of the most popular questions for every experienced franchise author/speaker. Perhaps because it’s the largest franchise in the world (in terms of units, not retail sales), people want to know if a Subway franchise is a good investment. And because many of my readers and seminar attendees know that... View Article
Some prospective franchisees admit they do not know what to ask existing franchisees, and others say they know what they’d like to ask, but they don’t know how. Don’t let either scenario stop you from thoroughly investigating a franchise opportunity. Here are 4+ questions to ask, worded in a way... View Article
Franchise & Business Owners: Don’t Worry About Passion
“Your passion for your business is most critical because it will drive your eventual success.” So said an “expert”. Who comes up with this stuff? It reminds me of the “expert” who said that most businesses fail for lack of cash flow. Huh? Most businesses fail because the business operators had... View Article
Your Mistakes Will Cost More Than You Think
When you start your own independent (non-franchised) business, your mistakes will be more costly than you imagined. In fact, your mistakes will probably put you out of business. I’m not writing this to scare you away from starting a business without a franchisor; I’m writing it because it’s factual .... View Article
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