If you are looking to grow your business, there are a couple options available to you—you can choose to open a new location under your own management, choose a key employee to run a new location or take the steps to license your business to franchisees. While the first two options can be good choices for some scenarios, if you are planning to continue to grow your brand in a scalable, sustainable way, looking into franchising can be a good choice. Read on →

Your business is a major investment, to say the least—and if you have grown from a single business into a franchise empire, you likely have even more to protect in your day-to-day operations. One of the most important things to consider is how to protect your business’s cash flow, including the money you have for paying expenses, accepting franchise fees and more. While many people assume that the Federal Deposit Insurance Corporation (FDIC) coverage that is standard on every bank account is enough to protect their money, in many instances, this is not the case. Read on →

Whether you have a fairly young business getting off the ground or an established enterprise that is ready to expand, understanding how growth happens is an important concept for any business owner. While growing your business sounds like a reasonable goal, it can also be a vague one. Today, we will be looking at how business owners get from Point A (a business at its existing size) to Point B (a business that is the size you would like for it to be) in concrete, measurable steps. Read on →

For franchisees, there is no professional relationship more important than the relationship with their franchisors. Not only do franchisors provide guidance in regard to starting the franchise location and the ongoing business aspects, but they also give valuable support throughout the entire relationship that the franchisees can rely on. Setting your franchisees up for success is key for their performance and for your overall brand development. Well-supported franchisees are one of the biggest assets you can have for your business operations, so below, we will look at some ways that you can be sure you’re providing them with everything they need. Read on →

If you are in the midst of operating and growing your franchise system, all of that coming to an end might be the most distant thing from your mind in the moment. Most business and franchise owners have plenty of things on their plate, and adding the need to plan for the succession of your business may seem like too much—but really, it is one of the key things to think about from the early stages of operation. Read on →

Letting your franchisees work from home, whether occasionally or on a regular basis, is a perk that more and more franchisors have been including even before the COVID-19 pandemic—and as more people and companies have been able to telecommute, we predict this will be a trend we see long after working from home is used as a general safety precaution. In general, letting workers telecommute is something that reduces overall liability for a company. Read on →

If you are hoping to grow your business in the coming months, it can be exciting to think about all the possibilities you have for expansion. Building your business up on your own is one thing, but having the ability to bring in more people, add new locations and grow your brand’s overall footprint is an extremely rewarding experience. There are many ways you can choose to grow your business, but if you are planning to continue expanding in the future (and do not want to spread yourself too thin), it is wise to consider franchising as your main expansion method. Read on →

Many franchisees have had to change up their operating practices throughout the past year, and for a lot of people, this has led to many employees working from home on a regular or semi-regular basis. While this is a great way to keep your staff safe from a health standpoint, there are also unique hazards that working from home can present. Fortunately, you can keep everyone in your network safe and supported with some helpful working from home tips. Read on →

While any franchise owner hopes that the day will never come that they will have to temporarily close, there are many reasons why that might be a reality one is faced with—especially if you have multiple locations in various areas across the country. Business interruptions can be caused by natural disasters, fires or anything else that temporarily halts the business from operating, and this type of insurance is designed to cover costs and replace income for the owner. Read on →

There are many risks that can befall a business in any industry, but when most people think of hazards, they think specifically of storms, fires or other sudden disasters. While these should certainly be safeguarded against, there is another very real threat that many workplaces face every day: dangerous working conditions. While you may consider dangerous working conditions to be jobs concerning manual labor or heavy machinery, any workplace scenario can create the potential for hazards that can injure you or your employees. Read on →