Early each year, you get a concrete reminder of one of the biggest challenges associated with operating a franchise business. It comes when your accountant lets you know how many W-2 forms your franchise mailed out. Employee turnover is a constant in this business,... read more
If you’ve been able to make your franchise business a successful, profitable operation, adding another location may provide the perfect opportunity to double your success — and your profits. That’s why the most successful franchisees in most operations are those... read more
Over the past few years, many of the larger restaurant chains have reduced the percentage of their company-owned locations by selling them to franchisees. During 2017, such refranchising was common in our industry. For example, McDonald’s® was wrapping up its... read more
There’s a reason most major franchise chains have initiated redesign programs in recent years. Consumers are more fickle than ever, and they’re drawn to the newer and shinier. If the restaurant down the street looks fresher and brighter, they’ll have a competitive... read more
Franchise owners often have a love-hate relationship with the holiday season. On the “hate” side comes a crush of business from impatient customers who want to get their orders and get back into the stores. They can be brash, they can be rude, and they can push your... read more
If you’re exploring the possibility of purchasing an existing franchise location, you’ve probably studied the market area and considered the potential sales volume you could achieve. You’ve probably also looked at the operation itself and determined what you’d need to... read more
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