August, 2024

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3 Ways to Sell to a Franchisor

Johnny Franchise

Learn three effective strategies for selling your product or service to a franchisor: the top-down approach, bottom-up approach, and leveraging connections from the side.

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2. Let’s first understand what it takes to be a Great Franchise System

MSA Worldwide

Five Attributes of Great Franchise Systems In our previous article we discussed how to become a franchisor, all that’s required is a Franchise Disclosure Document and someone willing to invest in your opportunity. That is not a high or difficult hurdle. This article, second in this series, examines the five attributes of great franchise systems. For many years we’ve advised and observed the world’s leading franchise brands, and without these qualities, in our considerable experience, even the be

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With Lots of Options to Choose From, How Do Prospects Find Your Franchise Brand?

Franchise Insights

By: Michael Alston for Franchise Insights August 28, 2024 — Only about seven percent of aspiring franchise owners are already “very familiar” with the franchises they inquire about on franchise portals, and another 19% are “already somewhat familiar” with them, according to recent surveys of interested franchise seekers on the FranchiseVentures lead generation platform in July 2024.

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The Pros of Opening a Car Wash Franchise: A Lucrative Opportunity for Entrepreneurs

Franchise Journal

A dream without ambition is like a car without gas … you’re not going anywhere. — Sean Hampton Owning a business is a dream for many, and franchising offers a unique pathway to entrepreneurial success with reduced risk and established support systems. One particularly promising option in the franchising world is a car wash franchise. This business model not only appeals to automotive enthusiasts but also to savvy entrepreneurs looking to capitalize on a profitable and stable industry.

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Module 8: Franchise Sales Process Design Strategy and Execution

Franchise Performance Group

This comprehensive video is designed to teach franchisors how to design and execute franchisee recruitment best practices. The post Module 8: Franchise Sales Process Design Strategy and Execution appeared first on Franchise Performance Group.

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Announcing the Elite Franchise 100 League Table: Entries Now Open!

BizSold

Announcing the Elite Franchise 100 League Table: Entries Now Open! Celebrating Franchising Excellence in Canada We are excited to announce that the Elite Franchise 100 (EF100) league table is now open for entries! Elite Franchise Canada will honour the top Canadian franchises through this prestigious ranking. Originally established in the UK in 2017, the EF100 is now coming to Canada to highlight the best in franchising excellence.

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How Much Does Opening a Franchise Cost?

Grammatico

Investing in a startup, especially in a franchise with specific requirements, can be a challenge. Let’s break it down! So, you’ve decided to take an exciting leap into entrepreneurship by opting for a franchise. Although this is a smart move, you are watching your budget. Building a solid financial foundation from the get-go as a […] The post How Much Does Opening a Franchise Cost?

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For Maximizing Initial Contact, Consider the Sequencing of Channels that Franchise Prospects Prefer

Franchise Insights

By: Michael Alston for Franchise Insights August 21, 2024 – Like most individuals, franchise prospects want to know who is calling before accepting a call. Thirty-six percent of respondents indicated that they prefer to be emailed on initial contact by a franchise they have expressed interest in, according to fresh data in the recent July 2024 Franchise Insights Mystery Shopping survey.

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Creating a Legacy through Franchising

Franchise Journal

Veenu Parkash and her husband Raj embarked on their entrepreneurial journey unexpectedly, driven by a pivotal moment following the events of 9/11. Originally in the garment industry in New York City, the city's lockdown prompted them to seek a new path closer to their daughter's childcare in New Jersey. Impressed by the center's operations, they ventured into childcare themselves, eventually establishing Lightbridge Academy, which now spans four locations.

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Why Athletes Make Great Franchise Owners

FranAthlete

Athletes are known for their remarkable achievements on the field, and now many are finding success off the field through franchising. Athletes in franchising are discovering that the skills they honed in sports can translate into impressive business success. At Franthlete, we know that the skills athletes develop in sports can make them exceptional business owners.

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1. Franchise Your Business the Easy Way

MSA Worldwide

(A cynical view of becoming a franchisor) It may surprise you to learn there are only a few legal requirements to franchise your business. All you need is a federally required disclosure document. You don’t need a lawyer to complete it – and you can even find sample disclosure documents online for free. You can be up and running and legally offering your franchise in the United States in about two hours!

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How to Choose a Business That Won’t Fail

What The Franchise

Marshall Reddy Codie Sanchez is a YouTube business coach with over 1.2 million followers (including me.) She posted a video with over 5 million views on businesses that rarely fail. Sanchez always recommends businesses with a low startup cost, low involvement requirement from an owner (being able to be run remotely, for example), and low failure rate.

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Module 6: Franchise Sales Lead Nurturing Best Practices

Franchise Performance Group

Franchisors often spend $100-$200 to generate a lead, but invest little aftwerwards in content to keep leads in process and engaged. Here is FPG's Lead Nurturing Playbook. The post Module 6: Franchise Sales Lead Nurturing Best Practices appeared first on Franchise Performance Group.

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More than Financial Rewards, ‘Being My Own Boss’ Motivates Franchise Seekers

Franchise Insights

By: Michael Alston for Franchise Insights August 14, 2024 – Since we last reported on the motivations of aspiring franchise owners at the end of 2023, wars in Europe and the Middle East have continued, and concerns about political change have risen among individuals wanting to own their own businesses. But the primary drivers for business ownership have changed little.

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Ro Khanna: A Progressive Voice in American Politics

Franchise Journal

GENERAL INQUIRIES ADVERTISING INQUIRIES SUBSCRIBE THE MAGAZINE CURRENT US ISSUE CURRENT EUROPEAN ISSUE CURRENT MENA ISSUE CURRENT ANZAC ISSUE BACK ISSUES May 2025 April 2025 March 2025 February 2025 January 2025 December 2024 November 2024 October 2024 September 2024 August 2024 July 2024 June 2024 May 2024 April 2024 March 2024 February 2024 January 2024 December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2

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Restaurant Inventory Management: 4 Tips for Success

Penn Station East Coast Subs

Inventory management is a crucial factor for your restaurant’s bottom line. An Investopedia article calls inventory management the process from ordering to selling or using a company’s materials, and they call a company’s inventory one of its most valuable assets. Having too much or too little of an item could end up costing an owner. Therefore, understanding the nuances of inventory management is crucial for restaurant investment opportunities.

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How a Non-Profit Business Works as a Franchise Entity

Franchise Funding Solutions

Non-profit organizations, by definition, operate to serve a public or mutual benefit rather than to generate profits for owners or investors. However, the concept of franchising—a method for expanding a business by licensing the rights to operate using a defined business model—can still apply to non-profits. This overview will delve into how non-profit businesses can operate as franchise entities, the rules and regulations governing their operations, and the distinctions between various types of

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Crafting Great Interview Questions

Scott Greenberg

How To Hire The Best Hourly Workers For Your Business One of the most crucial skills I discuss in my hourly employee management programs is how to conduct great job interviews. Most interviews are unplanned, haphazard conversations that not only fail to reveal the truth about candidates but also prevent management from adequately comparing them. With everyone on their best behavior trying to impress during their interview, it can be hard to determine who among them is most qualified.

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Achieving the American Dream: The Fresh Monkee Franchisees Reshma & Amit Patel of Middletown, CT

Franchise Journal

Reshma and Amit Patel have transformed their careers in health and wellness into a thriving franchise venture. Coming from families with deep roots in the business world, Reshma's professional journey began in 1998 when she became a pharmacist, while Amit established himself as a successful dentist. Most recently, Reshma worked at Yale University, where she witnessed firsthand the changing pharmaceutical landscape.

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Kapil Manocha: Pioneering Franchising in the Indian American Community

Franchise Journal

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Vision, Perseverance, and Family Legacy: The Story of a Family With Strong Indian Roots

Franchise Journal

In the bustling city of Houston, Texas, a remarkable story of ambition and family ties unfolds through Shamim Memon and her daughters, Arsheen and Shareen. This trio exemplifies how passion, perseverance, and a shared vision can transform challenges into opportunities. Shamim Memon: The Visionary Leader At the helm of Discovery MM Services, Shamim Memon stands as a testament to dedication and expertise in the research industry.

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Ajay and Vinny Saini, Home Healthcare and Payroll Under the Same Roof

Franchise Journal

Ajay Saini has a college degree in Electronic Engineering and a master’s degree in Telecommunication. Ajay spent 17 years in the corporate world, primarily working in sales & marketing for a Telecom company Ericsson in US and Sweden. Ajay met his wife Vinny in 2001 via family introduction. They have been married for over 22 years. Vinny has a master’s degree in business administration, and she is a Certified Internal Auditor and Risk Management professional with a solid background in financi

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Riding the Bubble Tea Wave: Why Chatime is the Franchise of the Future

Franchise Journal

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Bollywood, Ayurveda, and Indian Cuisines: A Journey Through India's Cultural Heritage

Franchise Journal

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