An Overview of Multi-Unit Franchise Ownership
2021 looks like a ripe year for franchise expansion due to historically high access to labor, real estate, and capital options that are extremely favorable to franchise growth. So that means many will be opting to open a franchise location over a sole proprietorship. But, this also presents an opportunity for existing franchise owners to become multi-unit franchise owners. Whether …
Advantages & Disadvantages of Competition in Business
Whether it’s direct or indirect, competition is a fact of life for almost any business. Even pioneers who are the first in their field have to face the reality that it’s only a matter of time before competitors appear, such as start-ups or larger companies expanding their range. Although it may seem that competition in business leaves companies with a …