The Franchisologist Blog

During difficult economic times, franchises benefit from an established network of support to help business owners.

Many people say to me that they are craving security, diversification, and multiple streams of income. These uneasy times have made a lot of people start questioning their traditional time and money investments and seeking alternative ways to invest and diversify.

The opportunities are equal to anybody who is willing to work for them. As such, you are in control of your own success and there are no limits!

There are four main mistakes that I have seen in my 15 years of being a franchise consultant. Here we cover the most common one.

Buying into a franchise, that is, buying a license to sell a company’s products, offers many financial advantages. There are great franchise options for under $100,000, significantly lower than trying to build from the ground up with an original idea.

Successful business ownership can be addictive (in a good way), as many business owners who own multiple businesses can attest. True wealth may be built through owning multiple businesses.

Wondering if you should take the plunge and be a multiple unit business owner? How many units should I open is a commonly asked question in the franchise industry.

Growing a business is hard work. As you start to see the rewards of that hard work and enjoy the income and control that business ownership provides, a lot of people ask themselves, “should I open a second business?”

Are all franchisors good? Are all franchisors bad? These are questions I hear often. The answer…there are good, bad, great and ugly franchisors. Here are 3 ways to tell if you CAN’T trust a franchisor.

Just what may define a territory differs from franchise system to franchise system. Territories come in many shapes, sizes and styles.

No franchise company can guarantee financial success. But you have a much better chance of having a successful franchise if you follow some practical pointers before you sign on the dotted line.

Many people reach out to me asking how to use franchising to diversify their lives and business portfolios. Why? As recessions approach, people are concerned that all of their eggs are invested in one basket.