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Thinking About Buying a Franchise? Consider These Pros and Cons

by Scott Gerber

Like any other business, there’s a lot to consider when purchasing a franchise. Does starting your own business yield more long-term rewards, or is buying a franchise a better choice? To find out, we asked eight founders from Young Entrepreneur Council (YEC) their thoughts on the subject. Here are their answers are below. Q: I’m thinking about buying a franchise.... Read more »

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Differentiator

Your Business Lives and Dies by Its Differentiator

by Tim Berry

It’s also called your secret sauce, and sometimes your competitive edge. Your differentiator is what makes you different from your competitors. Read more »

starting

What is a Franchise?

by Joel Libava

Many of the stores and restaurants that you see every day are franchises. But, the answer is a little more complicated than that. Read more »

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The History of Franchising As We Know It

by Joel Libava

The franchise model has been called the greatest business model ever invented. But, how did it begin? How did franchising start? Read more »

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How to Choose a Franchise That’s Right For You [VIDEO]

by Andrea Vedder

If you are thinking about opening a franchise, the most important advice anyone can give you is to choose the franchise that's right for you. Here's how. Read more »

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Senen

Lessons Learned: How Picking the Wrong Franchise Turned Into a Loss

by Lisa Furgison

An entrepreneur chose a franchise that was a bad fit for him, and lost his money. These are his takeaways from the experience, and his advice on how not to repeat his mistakes. Read more »

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jmlheadshot langer

Considering Buying a Franchise? Watch This First

by Andrea Vedder

If you are thinking about opening a franchise, be sure to watch our Google Hangout on "How to Choose a Franchise That's Right For You" first. Read more »

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FranchiseKing

If You Want to Start a Business But Don’t Know What Business to Start

by Tim Berry

One of my favorite themes is that choosing what type of business to start should be a matter of looking at the mirror, reflecting on who you are, developing a business based on what you like to do and what you do well. And I’m sticking with that story. But there is also an exception... Read more »

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If You’re Thinking About Franchises, You Want This Book

by Tim Berry

If you’re in any way thinking about getting into a franchise business, you need to know about Joel Libava, @FranchiseKing on Twitter, thefranchiseking.com on the web, and author of Become a Franchise Owner, the best book there is on franchise ownership. I know something about franchises. I’ve never owned a franchise, neither as franchisor or franchisee;... Read more »

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businesswomen

Wanted: More women franchise owners

by Palo Alto Software

The Franchise King® Joel Libava says the franchise industry could use more women franchisees, so he’s  taken it upon himself to make sure that more women start looking into franchise ownership as a viable option to traditional corporate employment. Joel’s just announced a contest specifically for women that are interested in pursuing franchise ownership –... Read more »

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For Good Info on Franchise Business

by Tim Berry

If you’re at all interested in buying into a franchise business, I think you’d definitely want to become familiar with Joel Libava, his Franchise King blog, and his new e-book called How to Carefully Select a Franchise to Buy. I just read a good review by TJ McCue, founder of SalesRescueTeam.com, someone I’ve come  to... Read more »

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Franchise Myth Busting Mything Its Mark

by Tim Berry

This piece called 8 Franchise Ownership Myths got my attention the other day. I like myth busters. This one, however, surprised me; some of those myths seem like they are really true. For example: Myth 2: I can only be successful in a business I love. Makes sense to me, so I guess I buy... Read more »

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Buying a Business

by Nolo

For some people, buying an existing business is a better option than starting from scratch. Why? Because someone else has done much of the legwork for you, such as establishing a customer base, hiring employees and negotiating a lease. But if you want to buy a business, you’ll need to do some thorough research to... Read more »

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To Franchise or Not to Franchise

by Tim Berry

When you are trying to decide whether to buy into a franchise there are several factors to consider. First, make sure you are looking at a solid and effective franchise that offers real value. It has to be a good one. There are hundreds of good ones, but lots of bad ones too. With a... Read more »