Lessons Learned: How Picking the Wrong Franchise Turned Into a Loss
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.
Considering Buying a Franchise? Watch This First
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.
Is a Startup or a Franchise Right for You?
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...
If You’re Thinking About Franchises, You Want This Book
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;...
Wanted: More women franchise owners
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 –...
For Good Info on Franchise Business
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...
Franchise Myth Busting Mything Its Mark
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...
To Franchise or Not to Franchise
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...
