Operating a business during an economic downturn can be an uneasy situation. Politicians, economists and consumer experts disagree about whether the United States is currently in a recession. But there is no doubt that inflation and rising interest rates are affecting...
Opening a franchise is a dream come true for many aspiring entrepreneurs, especially if your hard work – up until now - has mostly helped pad someone else’s bank account. But the potential success of your new venture greatly depends on the terms of your franchise...
According to the U.S. Bureau of Labor Statistics, one out of every five businesses fail within the first year. Nearly 50% go out of business within five years. However, the rate is significantly lower for franchisees, with some studies showing that fewer than 5% fail...
Many aspiring business owners believe it is counterintuitive to launch a new venture during a time of economic instability. However, opportunities exist despite the effects of inflation and rising interest rates. Inflation in the U.S. hit a 40-year high this spring,...
When franchisees are successful, much, if not most, of their success can be attributed to their willingness and ability to work in lockstep with franchisors. Investing in a franchise opportunity allows franchisees to purchase the right to use an established system...
Franchise opportunities are attractive to aspiring business owners for a number of reasons. Owning a business may be fulfilling a lifelong dream, and available franchises come in all shapes, sizes and industries. Many franchises are also attainable for those with less...
“Trust but verify.” That phrase is most associated with the Cold War era, but it also makes practical sense in the modern world for a variety of reasons, including if you are considering buying a franchise. Prospective franchisees need to be able to count on the...
If you have painstakingly saved money or raised capital to pursue the dream of operating your own business, buying a franchise is an attractive prospect. Becoming a franchisee gives you access to brands and products with a proven track record. However, your business’s...
For the second legislative session in a row, California lawmakers are considering a radical plan to allow the state to negotiate on behalf of all fast-food employees in the Golden State. The Fast Food Accountability and Standards Recovery Act, or FAST Recovery Act,...
Becoming a franchisee can be an exciting and rewarding business venture. In many cases, purchasing the rights to operate a well-known and established brand can bring great revenue opportunities and the promise of potential rapid growth. But before you put down any...