Welcome to the Select Franchises' blog, where we will consistently provide information and advice for franchising. Here are some of the best insights to starting a franchise, authored by our very own Anna Wilds! If you are looking for even more information on franchising, follow Anna Wilds on Twitter and Facebook!
Anna Wilds, an Augusta-based franchise adviser with FranChoice, said failure to follow a company’s time-proven system is the the primary reason people fail at a franchises. A veteran’s ability to “stick to the plan” is why so many franchise companies aggressively court veterans, some even offering some discounts on franchise fees that can add up to thousands of dollars.
This blog has some eye-opening statistics regarding the 10 common reasons new businesses don't survive. The tenth reason emphasizes the need for systems and in a word, that is what franchises are all about.
Executives who have spent their entire careers working in corporate America often find themselves ready for a new challenge after several years in the c-suite. For many, that challenge is to start their own business.
One little idea has grown into a large franchise business - Snap-On Tools. Snap-On Tools has grown and added new products to fulfill needs, but they still sell the same way with their mobile stores. Many franchises have been around for awhile and are "tried and true," but not outdated.
The quality of the facts and figures you gather during validation will play a vital role in helping you determine if a specific franchise is right for you. Following these seven tips will assist you in getting the best information possible when making that decision.
Wondering if your experiences should be taken into account when choosing a franchise? Find out what happened to other franchise candidates when they selected franchises in new areas.
One of the first things people do when looking for a new career is try to become their own boss by starting their own business. But is reinventing the wheel truly worth it if there is a better way? Starting a franchise location can give you access to best practices, operation standards, and resources that a new business would have to create for themselves.
Wondering whether you should start a franchise? Here are 5 key questions to ask about your options before starting. Find out if you have what it takes from personal, professional and financial standpoints. As a potential franchise candidate, you'll wish to know if operating a franchise provides the means to an enjoyable work life, an attractive financial return and a balanced lifestyle.