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Franchise Buyer and Owner Blog

This is the blog of eFranchiseSale, an Internet franchise for sale by owner (FSBO) directory.   This blog is dedicated to providing franchising tips and ideas to new or experience franchise business owners.  We strive to keep this blog easy to read and understand by business people.  Please feel free to comment.

Do You Need a Broker When Pursuing FSBO Opportunities?

advertising franchisesHave you ever gone after a “For Sale by Owner” business and used a buyer’s agent to do it? This is perfectly legal in the real estate world, even though it requires a commission be paid to one agent, but a seller can still refuse to work with a buyer who uses an agent. The same thing is true with “For Sale by Owner” opportunities for small businesses. People who want to use a broker are welcome to do so; regardless of whether the seller wants to use one. If you’ve been avoiding FSBO business opportunities because you want to work with a business broker, there is no need to do that.

   

How Franchise Owners Minimize Expenses and Maximize Profit

business opportunityBecoming a franchise owner seems like the right investment for a wide variety of enterprising people; from younger entrepreneurs to those looking to build a family business. Franchising can also be a great source of income for many years to come.

   

How to Find Out About Franchise Opportunities

success-franchiseHave you decided that franchise ownership is in your future?  Perhaps you’ve even done some preliminary research; but once you decide that franchising is your next career move it may still be a while before you find the right business model.  One of the most exciting aspects of starting a business is when you begin to research opportunities.  It is entirely possible to spend hours reading up on all the details, especially with all the franchising web sites out there today.  

   

Working Too Many Hours Lately? 8 Tips to Work Smarter

time managementOwning a franchise business can feel like a 24-hour job, especially when you first start out, but franchise owners are not the only ones working long hours these days. Over the past several years, employees have been pushed far beyond the typical 9-to-5 workday. In an effort to get it all done, workers are arriving earlier and staying later, business owners are bringing work home, and people are more stressed than ever. But are all these long hours really necessary?

   

Retail Business Owners Use Franchise Directories to Search for New Opportunities

how to buy a franchiseRetailers: If you're looking for a franchise directory to help you learn more about the retail franchise opportunities, then it can easily found online. But finding a list of opportunities isn't the only thing you need. The biggest hurdle will be figuring out which one will help you make a profit. Deciding on a retail franchise investment is not an exact science, but there are many factors that must be considered before finalizing the decision.

   

How Much Can You Expect to Earn from a Franchise Business?

franchise profitAs a franchise broker and business owner, I am often asked to provide guidance to new franchisees, particularly their questions about profitability. According to industry experts, it is critical for franchise investors to know what they can expect to earn in a given year, but this isn't always an easy calculation. One reason for this is that the industry as whole doesn't reveal this information to new franchisees. Even when projected earnings are provided, they are represented in a subjective format that makes it impossible to compare one franchise brand to another.

   

Do Women Make Better Business Owners?

women in businessWhen it comes to starting a franchise, women are often the best candidates. While they might get a bad rap when it comes to male-dominated activities like sports, and it's not uncommon to hear men rant about "women drivers," it is even more likely they will complain about women in leadership. But the facts are the facts, and they say that women are not only less accident prone, they are more likely to display a better aptitude for business and management.

   

Are You Hiring the Best Employees for Your Small Business?

new employeeWhether you own a single franchise or one in every major city, it doesn't take long to learn the importance of hiring well. As franchise experts often say, the smaller the business the more you need great employees. This is even more important when you are an investor who relies on others to run the business. When the 50th person you hire is unreliable, it's not going to have the same impact on your business as if it were your first or second employee. Franchisees are acutely aware of this, and they know how to manage a business with limited resources.

   

Business Opportunities or Franchises – Which is Right for You?

business opportunityFor many potential entrepreneurs, business opportunities and franchises are considered wise investments. Both offer the buyer different levels of training and support, but one type may be a better fit than the other. In neither case will they need to reinvent the wheel to be a success, and they are equally smart options, so how does one choose the right path?

   

What Are the Latest Trends in Franchising?

franchise trendsEvery year around this time, the International Franchising Association (IFA) releases its third-quarter report on franchising in America, which is often seen as a forecast of what is to come in the next calendar year.

According to the glowing results, as reported in an article on Forbes.com, "The Biggest Trends in Franchising," the franchise sector added 184,000 jobs over the past twelve months. While the franchise sector only accounted for 10 percent of all new jobs in the past 18 months, this past year's increase brought the total number of jobs in this category to more than 8 million. As this sector of the economy has grown it has added new jobs to various industries, including: business, personal services, education, automotive, hospitality and manufacturing. Overall, the franchise sector supports more than 18 million jobs, either directly or indirectly.

   

What Are the Perks of Franchise Ownership?

franchise perksSo, you're ready to take the plunge into small business ownership and the idea of franchise seems exciting. Perhaps you are tired of playing the "corporate shuffle" and dealing with the insecurities of a volatile job market. You're ready to cut loose and make a move, and a franchise sounds like the perfect solution. Well, you're not alone. That's the most likely scenario for many newly minted entrepreneurs.

   

Online Marketing Can Be a Wise Move for Franchisors

efranchise micrositeHave you ever wondered why so many of your competitors have an easy time selling franchises? You may be curious about what they do differently, and why they seem to be expanding faster than you are. One of the main reasons that some franchisors do better is their online marketing strategy.

   

Selling a Franchise? What You Need to Know

selling a franchiseAnyone who has ever bought and sold a franchise will tell you; it's a whole lot easier to buy one than it is to sell one. This doesn't mean there isn't a market for previously-owned franchises; they are actually in high demand, but some franchisors make the process rather challenging. According to a recent article on Inc.com, "Can You Sell a Franchise?" the sale of a franchise is much different than an independent business. Serial entrepreneur John Warrillow discusses some of the challenges and possible setbacks that may come up when attempting to exit a franchise.

   

The Benefit of Buying Franchise "For Sale by Owner"

online_business_directoryIt's not that common, but more and more entrepreneurs are learning about buying a previously-owned franchise.  Even diehard devotees of franchising have weighed in on this trend, saying that the "franchise for sale by owner" market is booming.  One reason for this is that the cost of entry into many well-known franchises is prohibitive for first-time buyers.  Instead of giving up entirely on this type of business, the online marketplace makes it easier to find that perfect opportunity. 

   

Why is Now the Time to Consider a Franchise?

franchise_entrepreneurIf you listen to economists on CNBC, it's easy to get excited about investing again. After all, the Dow closed at a record high last week, unemployment is going down and home prices are rising in 48 states. If there was ever a time to get excited about the economy, it's now. But some skeptics believe we are about to see this bubble burst. How does one take a realistic approach to investing when there seem to be so many vastly different opinions?

   

Franchising 101: Becoming a franchisor

franchise_consultantIt seems that most of the information available about franchising is written with the buyer in mind, and very few resources are available for the would-be franchisor.  If your business concept is “hot” and you think it’s time to consider franchising, it may be tempting to navigate this terrain on your own, but business consultants generally advise against it.  As the field becomes more competitive, it is usually best to work with a franchise consultant who can get your business set up for franchising.

   

Pros and Cons of Buying a Franchise

franchise_pros_and_consThey say buying a franchise can be a “game-changing” investment, but it can also be an expensive experiment.  Will your first purchase be that magic win, or will it lead to later regret?  Not every franchise has the success of McDonalds or Subway, but not every franchise starts out with a large investment.

   

What Are the Five Biggest Myths About Franchising?

franchise_mythsIf you're thinking about buying a business, franchising may be an option to consider. One of the best reasons to buy one is how much easier it is to get started, but franchises are far from "fail safe" opportunities. Despite the fact that many people believe them to be a safer investment, there is risk and uncertainty with any business. Even though they have a proven system in place, it may also be quite restrictive. Before you start searching for a franchise business, be sure to get familiar with these five franchising myths.

   

What Are the Five Biggest Myths About Franchising?

franchise_mythsIf you're thinking about buying a business, franchising may be an option to consider. One of the best reasons to buy one is how much easier it is to get started, but franchises are far from "fail safe" opportunities. Despite the fact that many people believe them to be a safer investment, there is risk and uncertainty with any business. Even though they have a proven system in place, it may also be quite restrictive. Before you start searching for a franchise business, be sure to get familiar with these five franchising myths.

   

How to Advertise Your Small Business Online

digital_marketing_franchisesOwning a franchise business may require adherence to certain marketing plans, but that doesn't mean you cannot acquire more customers using other techniques. Franchisees may feel handicapped by contributions to the company's "Marketing Fund," but those dollars usually fund a corporate branding campaign.

   

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