June, 2024

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Is My Business Ready to Franchise?

AllBusiness.com

Do you have dreams of owning the next Starbucks? Are customers clamoring for your product or service outside of your local area? Do you miss the thrill of startup and long for the challenge of launching a new venture? If you answered “yes” to these questions, you might be ready to franchise. More questions to ask to find out if you're ready to franchise However, these aren’t the only questions one must answer to determine if it's time to franchise a business.

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How Much Money Can I Make in a Franchise?

What The Franchise

It’s a good question, and I get asked it all the time. Hundreds of variables will change the calculation, but the short answer is… as much as you want. According to a 2024 survey from Franchise Business Review, the average annual income for a franchise owner with a business open for 2–10 years is $130,000, and $177,240 for businesses open for more than ten years.

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Revolutionizing Veterinary Care: Walk-In Clinics Offer Affordability and Convenience

Franchise Journal

In the ever-expanding world of entrepreneurship, pet franchises stand out as a particularly promising venture. With the pet industry continuously booming, driven by the deep emotional connection between owners and their beloved companions, investing in a pet franchise presents a tantalizing opportunity. However, before leaping into this arena, it's crucial to understand the dynamics of the market, the potential for profitability, and the essential factors that contribute to success.

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Franchise Interest Resumes Migration To The South and East for Franchise Development

Franchise Insights

By: Michael Alston for Franchise Insights June 26, 2024 – In a year-over-year analysis, interest in franchises shifted to the south and east according to new data from FranchiseInsights.com. By comparing quarterly shares by state for the first quarter of 2023 to the first quarter of 2024, there was a continuation of the shift in the mix of where aspiring franchisees were expecting to locate franchises – from north to south, and west to east.

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To Train or Not to Train

MSA Worldwide

By Marla Rosner, Senior Learning & Development Consultant, MSA Worldwide Originally published in Franchising World , June 2024 I’m concerned. At two recent franchise conferences, I heard speakers, round table facilitators, and others convey stark warnings about the risks of co-employment liability related to franchise organizations’ training, in the absence of nuanced discussion.

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Five Steps to Avoid a Bad Franchise

Frannexus

Five Steps to Avoid a Bad Franchise by Seth Lederman Like everything in life, the world of franchising has good and bad aspects. Reckless franchisors can wreak havoc on the lives of franchisees in various ways, potentially leading to financial ruin, emotional distress, and damaged reputations. Here’s a look at the five most common pitfalls of reckless franchisors and how the best franchises navigate these challenges to grow sustainably, find the right franchisees, and thrive together.

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Image One Named a Top Franchise for Veterans by Entrepreneur Magazine

ImageOne

Image One Facility Solutions, a burgeoning commercial cleaning franchise, was recently ranked in Entrepreneur magazine’s annual Top Franchises for Veterans list.

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Am I Barking Up The Wrong Tree Or Can I Really Make Money with a Pet Franchise?

Franchise Journal

In the ever-expanding world of entrepreneurship, pet franchises stand out as a particularly promising venture. With the pet industry continuously booming, driven by the deep emotional connection between owners and their beloved companions, investing in a pet franchise presents a tantalizing opportunity. However, before leaping into this arena, it's crucial to understand the dynamics of the market, the potential for profitability, and the essential factors that contribute to success.

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Franchisee Prospects Continue to Focus on Just a Few Concepts for Research

Franchise Insights

By: Michael Alston for Franchise Insights June 19, 2024 – Franchise buyer behavior has changed in many ways in the four years since the global pandemic began. One aspect, however, has stayed the same: most prospects still only focus on a single concept when requesting information about franchises, despite the thousands of offerings across dozens of categories in the franchise directories of the FranchiseVentures lead generation platform.

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12 Skills Your Marketing Team Must Have for a Killer Brand Strategy

Stay In Your Lane

Ready to elevate your brand strategy game? Whether you’re a seasoned marketer or just dipping your toes into the world of branding, possessing the right skills is essential for crafting a successful brand strategy that resonates with your audience and drives growth. 1. Crafting a Compelling Brand Story Crafting a compelling brand story is the cornerstone of a successful brand strategy.

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4 New Year's Resolutions for Small Business Owners

FranFund

There’s a good chance you’re looking forward to putting 2020 behind you! Here are some new year’s resolutions for small business entrepreneurs in 2021.

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9 Franchises You Can Start in 6 Weeks or Less

ImageOne

Start your franchise journey in under 6 weeks with opportunities in tutoring, sports, cleaning, and fitness. Explore quick-start options for entrepreneurs.

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Make a Shift: Retaining Hourly Workers

Scott Greenberg

Stop the Shift Show author and former franchise owner, Scott Greenberg, shares insights and strategies for retaining hourly workers and creating winning teams. BY MICHELE SPONAGLE It’s no secret to convenience-gas operators that managing staff and retaining them is a constant struggle. The concerns are justified. Employee turnover in the convenience store sector is very high, as much as 150% in 2021 according to data.

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Pawsitively Profitable: A Teen's Take on the USA's Pet Business

Franchise Journal

In the ever-expanding world of entrepreneurship, pet franchises stand out as a particularly promising venture. With the pet industry continuously booming, driven by the deep emotional connection between owners and their beloved companions, investing in a pet franchise presents a tantalizing opportunity. However, before leaping into this arena, it's crucial to understand the dynamics of the market, the potential for profitability, and the essential factors that contribute to success.

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What Are The Main Reasons Why Franchise Prospects Visit Franchisor Websites After Submitting Inquiries on Franchise Portals?

Franchise Insights

By: Michael Alston for Franchise Insights June 12, 2024 — Most prospects who request information on franchise portal sites end up visiting the franchisor’s website afterward. Why does this happen? To answer this question, we surveyed prospects who submitted an inquiry on a franchise portal and then visited the franchisor’s website.

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Unleashing Success: The Playful Pack Pet Franchise

Franchise Journal

In the dynamic world of franchising, few industries have experienced the rapid growth and unwavering demand seen in the pet care sector. As a franchise consultant specializing in this flourishing domain, it's my pleasure to shine a spotlight on one of the brightest stars in the industry: Playful Pack Pet Franchise. With its innovative approach to pet care and commitment to excellence, Playful Pack stands out as a beacon of opportunity for aspiring franchisees seeking a rewarding investment.

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From Ombre to Organic: Evolution of Pet Care in America

Franchise Journal

In the dynamic world of franchising, few industries have experienced the rapid growth and unwavering demand seen in the pet care sector. As a franchise consultant specializing in this flourishing domain, it's my pleasure to shine a spotlight on one of the brightest stars in the industry: Playful Pack Pet Franchise. With its innovative approach to pet care and commitment to excellence, Playful Pack stands out as a beacon of opportunity for aspiring franchisees seeking a rewarding investment.

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Image One Announces Inaugural First Responders & Military Veteran Franchise Giveaway

ImageOne

In time for National First Responders Day (October 28), Image One Facility Solutions is pleased to announce its inaugural franchise giveaway to first responders and veterans.

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Why Not Use Both?

FranFund

Consider Using Multiple Funding Sources You’ve probably heard the buzzword “diversification” in relation to the stock market; the practice of allocating investments in various sectors—banking, real estate, tech, energy, etc.—to reduce risk. The reasoning is that by investing in areas independent from the same market forces as each other, their differing reactions will protect you from losing the entirety of your investments to the same economic event.

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How To Prioritize Working On Your Business — Not In Your Business

ImageOne

Too often, business owners fixate on the aspects of working in their business rather than working on their business.

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Image One Announces Inaugural First Responders & Military Veteran Franchise Giveaway

ImageOne

Search top franchises & franchise opportunities.

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Image One Name a 2022 Franchise for Veterans by Entrepreneur

ImageOne

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Crossing the Rainbow Bridge

Franchise Journal

Franchises that help with the loss of a pet “Animals are such agreeable friends – they ask no questions, they pass no criticisms.” George Eliot Americans love their pets, and more than 65% own one, adding to about 87 million homes. Almost all pet owners, 97%, consider their dogs, cats, or other pets part of the family. It makes sense then that pet ownership is big business.

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Why Invest in a Member of Your Family?

Franchise Journal

My experience with dogs, dog ownership, and the humanization of pets parallels the growth of the pet industry. Let me explain, as a kid in the 70’s in rural Coachella Valley our German Shepherds were outside dogs. My wife and I got our first dog, an Australian Shepherd in the mid-90’s when my middle daughter was around two. Beethoven needed to run and be outside during the day but slept inside our LA home.

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