Brad Swanson's Articles in Franchise
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Franchise Success Tips: Maintaining Great Relationships
These days more and more small businesses, having reached a certain degree of local success, are looking toward the future and beginning to franchise. Many of these small business provide products or services to a highly specific niche in the marketplace or operate as a subset of a larger market, such as those who supply specific services for food-service entities.
Intelligent Franchising
Buying a franchise may take a lot of the guesswork out of starting a business, but the decision making process leading up to picking a franchisor can, and should be, just as lengthy and thorough as research necessary to start and run a successful independent business. Not all franchisors are created equal and not all franchises are suitable for all geographical areas.
Important Things To Know About Franchise Royalty Fees
From fast-food restaurants to tire and lube shops, one thing is shared in common by all franchisees under all brands in all industries - the royalty fee. Ongoing royalty fees are the financial backbone of franchising. It's how and why franchisors exist, and it is the driving force behind every marketing campaign or new product and service.
Small Franchise Problems
Small business franchises make ownership a realistic possibility for thousands of investors who aren't in a position to purchase a large chain business. Besides just low start-up costs, they generally operate at low overhead and are easier from an administration standpoint, as well. Are small franchises smart investments, though, or is it a case of "you get what you pay for"?
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