Franchises Articles For Entrepreneurs & Small Business Owners

Is Owning a Franchise a Business Risk Worth Taking?

For many who are reaping the benefits of franchising, the business model is a highly ideal one. Leveraging known brands often works better and invites more benefits than going through the whole process of creating and establishing their own. Entrepreneurs are also basking on the strategic support that franchisors offer, while also spotlighting the potential [...]

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Planet Fitness Franchise Pioneers to Open 40 More Locations by 2018

Recent business reports say there are telling signs of prospering franchising trends. Consumers are continuously more drawn toward established brands and businesses, often associating them with product or service quality and value. For this reason, the franchise sector is seeing unprecedented growth, with over 400 American franchise systems operating on a global scale and earning [...]

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Franchise Stats – Franchising Expected to Skyrocket in 5 Years

Franchising across all industries is set to boom over the next five years, two separate groups of business and financial analysis firms say so. FRANdata, a franchising activity analysis team found in a recent study that in 2014, franchise unit demands are expected to go up by about 12%. IHS Global Insight concurs, adding that [...]

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The Top 8 Franchises to Own in 2012

If you intend to go into business, you have three options.  First, you can start a new business.  Second, you can buy an established company, and third you can own a franchise.  The last option may have the highest chance to succeed.  It has a tested and proven operation system, known brand, training and regular [...]

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Tips on Investing in a Franchise

In his article at Bbpinc.com, Ed Teixeira equates an investor as someone who is not involved in the day-to-day operations of a business.  Such arrangement is apt for a franchise where, aside from the efforts of the franchisee, the success of the business relies on the support and operations system developed by the franchisor.  As an [...]

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7 Tips to Buying a Business or Franchise for Sale

Will you achieve your dreams or plans for the future by buying a business or franchise?  Will this fit the lifestyle that you want?  Buying an existing business or franchise is advantageous because both have an established customer base and ongoing operations or an operations template.  Financing from traditional sources is also easier.  Below are [...]

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Business Buyers – Why You Should Get a Business Valuation

 You want to start a business by buying an existing company.  After considering the pros and cons of the various businesses for sale on the market, you have narrowed down your choice to one business.  It is time to make an offer.  How much is the business for sale worth, and how do you do [...]

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Expect the Unexpected When Buying a Business

After weeks to months of searching, you find the small business for sale that is right for you.  You feel it in your heart that this is your dream business.  You want to buy the business right away, making light of the due diligence process and ignoring the red flag warnings.  Remember that buying a [...]

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Before You Buy That Small Business

Buying a business entails some risks but these are less than when you start a new business.  An existing business has the necessary equipment and inventory; customers; trained employees; and performance history.  Before committing to buy a small business, consider the following. 1.  Emerging Threat in the Location A small business for sale may be [...]

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3 Key Tips on How to Buy a Business for Sale

1. Conduct the due diligence process thoroughly Request pertinent documents from the seller. Be organized so you can cover all aspects of the business. Look over the financial records. Investigate the industry, competition, location of the business, contracts, and marketing. Observe its daily operations and employee-client interaction. 2. Seek the help of professionals Spend money [...]

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Buying a Business – 7 Things You Need to Know

An entrepreneur appreciates the benefits of buying a business compared to starting his or her own business. An existing business has laid its foundation, saving the new owner time, money and effort to hurdle the birth pains of a new business. It has trained employees as well as product brands and a company name known [...]

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Should You Buy an Existing Business for Sale?

Buying an existing business has a better chance of success than starting a new one.  You avoid the hassles of building a reputation and customer base or market.  It is quicker and easier.  However, you need to find the right business for you. Advantages of Buying an Existing Business 1.  The necessary permits and licenses [...]

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Buy a Business – Asset Purchase vs. Stock Purchase

Buying a business, especially if it is your first time, can be overwhelming.  Will you purchase the assets of the business, or its stock?  Which is more beneficial for you?  There is no clear-cut answer to this question as it really depends on your circumstances.  In an asset purchase, you buy the company’s assets – [...]

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Are You an Entrepreneur When You Own a Franchise?

There is an increase in recent years of people working for themselves rather than for someone else.  The economic recession is partly responsible for this as many people have lost their jobs.  With some money saved, the unemployed have become entrepreneurs.  They are now their own bosses.  They may have bought an existing business, started [...]

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10 Tips on Using an Investor to Help You Buy a Business

How will you go about buying a business that matches your skills and experience?  Very few people have the means to buy a business without resorting to borrowing or looking for a business investor.  Financing your business is an important step towards realizing your dream of owning your own company.  The first source of funding [...]

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Meet Customers and Suppliers Before Buying a Business

The success of a business depends not only on a business owner’s efforts but also on reliable suppliers/vendors and satisfied customers. It is prudent therefore for you, the buyer, to talk to the seller’s key customers and suppliers before committing to buy a business. It is usually when the purchase of the business is about [...]

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Minority-Owned Franchises on the Rise

The International Franchise Association, in a recent study, says more minorities are attracted to franchise opportunities.  From 2002 to 2007, there was an increase in minority-owned franchises as reported by the IFA.  The US Census Bureau defines businesses at least 51% owned by Asians, African-Americans, Hispanics or non-white racial groups as minority-owned.  Asians comprise 10.4% [...]

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How to Value Inventory when Buying a Business

Buying a business can be a complicated process.  There are many areas that may cause the failure of purchase negotiations or cause animosity between the seller and buyer.  One such area is the valuation of the business.  Determining the worth of a business is a crucial and critical aspect of the buying process.  If you [...]

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Franchise Outlook For 2012

Franchise opportunities are plenty so long as people have dreams that address other people’s needs.  A unique product or special service could be a great concept for a successful business if only you can find a financial partner.  Financing – that is where the difficulty lies.  Lending institutions, particularly large banks, should extend more loans [...]

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How to Find the Right Franchise for You

Getting into business on your own through a franchise may be your worst nightmare, or it can be the best decision and move you ever make.  The outcome can be determined before you even have a face-to-face transaction with the franchise owner.  You have to do your homework first.  An initial exploratory investigation using available [...]

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