February 25, 2016 1:13 pm
Prospective franchisees always want to know: “Why is the franchisee fee so expensive?” All franchisors charge a franchise fee, a lump sum of money that franchisees are required to pay upon signing a franchise agreement and prior to attending the franchisor’s startup training course. Typically, these fees range from $10,000... View Article
March 25, 2015 8:25 am
Critics of franchises often complain that franchise businesses dumb down product quality. Duh! Does the public care? Should you, if you buy a franchise? Franchise prospects struggle with their desire to sell “the best” while also “making money”. Before you invest in a franchise, or any business for that matter, you better be sure you understand these principles, including what the public expects from you.
February 1, 2015 8:44 am
You’ve got it all, or do you? You’ve got the money, the time, the passion, the interest to buy a franchise, but do you have the “must have” skill to succeed as a franchisee? Many people, maybe most people, don’t! It’s a big reason for failure in franchising. Without this skill you don’t have much chance for success in franchising. In fact, without this skill you shouldn’t invest in a franchise at all. Know what it is?
January 19, 2015 3:40 am
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
January 11, 2015 6:40 am
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