Pros and Cons of Owning a Sole Proprietorship

One of the main decisions that have to be made when opening a business, is the business-type. The two most popular types of businesses are sole-proprietorship and franchises. For those are unfamiliar with SPs, here's a small recap. A sole proprietorship is a business owned by an single individual or family. These types of business are your mom-and-pop stores that are unique to each area. They're often are smaller…

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Pros and Cons of Owning a Franchise

For those of you out there who like the idea of being your own boss, and are looking to start a business of your own, we're here to help. Starting a business can be scary, especially for the inexperienced or those who have a lot to lose if they fail. The first step in starting a business includes asking yourself a series of questions. One of the main questions…

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What’s the Best Kind of Business?

Starting a business can be daunting even to the most seasoned of veterans. The primary focus of any good business owner is to make good decisions. When it comes to opening a business, there are countless decisions to make from even before day one. When should you open? How much should you spend? What kind of business should you open? Should you open one with a partner, multiple, or…

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Types of Franchises

What kinds of Franchises are there? What's the difference? Before we answer this question, let's quickly review what a franchise actually is. In plain English, a franchise is a business that is expanded through a licensing relationship. A franchise is made up of two parts. The Franchisor and the Franchisee. The Franchisor (the original business owner) provides the Franchisees (the other owners that are buying into the business) with concepts,…

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5 Myths about Franchising

What is a franchise? According to business-law.freeadvice.com, "A franchise business is a business in which the owners, or "franchisors", sell the rights to their business logo, name, and model to third party retail outlets, owned by independent, third party operators, called "franchisees"'. This basically means that a franchise is a business that allows other people to invest in their concepts and ideas, and try them in their own area.…

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7 Reasons Starting a Franchise is Better than Going Alone

With hundreds of thousands currently in business right now, franchises are everywhere and can be found across the globe. With so many successful franchise companies, there has to be some pretty significant advantages to owning a Franchise. After some research, our team compiled a quick and easy list of some of the biggest benefits. Here are 7 reasons why starting a franchise is better than going alone. The first…

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How much does it cost to open a Franchise?

How much does it cost to open a Franchise? Before we answer this question, let’s review what a franchise is. A franchise is a type of business that allows interested investors to purchase the right to use same the brand, advertising methods, and business model from another business. Typically, the investor will pay a one-time franchise fee and some kind of royalty or fee over time to become a…

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What is the Best Franchise?

First off, let’s identify what a Franchise is. A franchise is a business that you can buy that allows you to use the pre-established business model and products or services. By paying a fee to the franchisor (the owner of the license for the business model and products of the franchise), you are purchasing a license from the franchisor that allows you to open a franchise with the provided…

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What is the Best Franchise?
Franchise concept. Chart with keywords and icons

Why work with a Franchise Consultant?

Why work with a Franchise Consultant? To answer this question, let’s first review what a franchise is. A franchise is a business model that can be bought into by candidates that meet certain criteria. These criteria can include a specific background, level of training, and minimum amount of cash to buy into. In addition to buying the right to use the same business model, a franchisee, (a member of…

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How much does it cost to open a Franchise?

Opening a Franchise is a great way to start a business. When you open a Franchise you are partnering with a proven business concept that has systems & processes to help you succeed. Opening a Franchise helps reduce your risk and increases your chance for success. Franchise companies provide you with a blueprint for starting a Franchise. They help you find a location, help you hire the right employees,…

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