What is a Franchise Business Plan? A highquality franchise business plan is important for a number of reasons and will be the first significant step you take towards opening your own franchise business. A franchise business plan outlines what you’ll be doing, who you will compete against, and how your business will make money. According to the Small Business Association, …
The Franchise System: An Introduction Franchising is an interesting alternative to the standard small business model where you set up and run a business entirely independently. Franchising is particularly popular in the US, where successful business ideas are replicable under relatively similar conditions across a huge continent and population. The franchise system allows a business to rent out a concept …
Inflation measures the increase of prices over a period of time and right now it’s probably the most important financial concern for small businesses in the country. At around 9%, inflation rates have reached the highest they’ve been for 40 years. Businesses can usually expect reasonably rising prices, in fact, the Federal Reserve aims to keep inflation around 2% every …
Screenmobile is proud to announce that it has been named Entrepreneur magazine’s #1 Home Repair Franchise — considered the world’s first, best and most comprehensive franchise ranking. Screenmobile has long been a member of the Franchise 500 list under the “Home Repairs” category, climbing up the magazine’s “Top Franchises for Less Than $100,000” list over the previous two years. The …
What Does a Franchise Owner Do? Starting with a franchise, some people might ask, ‘well, what does a franchise owner do?’ imagining that they’re just sitting back with their feet up while the business runs itself. The franchise owner’s job description, however, as anyone in the field knows, contains a lot of responsibilities, not just in terms of operating the …
Are Franchises a Good Investment? For those with capital to invest, a franchise opportunity is an alternative investment asset that is hard to ignore for a number of reasons—investing in a franchise suits a wide spectrum of investing styles, those who want a steady passive income with minimal input as well as those who want to be more involved in …