Hi there!If you become the owner of a franchise business, have you thought about the lifestyle you want to have? What your days are going to look like?From my strategic partner, Franchise Direct:"A good decision on lifestyle means using your imaginat...
New Post From The Franchise King® One of the most important things you need to do (as a franchisor), is build a powerful online presence for your franchise brand. Why? Because it’s no secret that consumers are spending more and more time online, and...
New Post From The Franchise King® Do you know how important franchise rules are? I hope so. Because your knowledge and acceptance of them will help you a lot. I’ll explain. The Reason For Franchise Rules Why is the franchise model based on rules? B...
New Post From The Franchise King® I’ve been telling aspiring franchise owners (as part of their research) to call 10-15 existing franchisees for 21 years. There’s a reason for it. It’s because talking to lots of franchisees gives you access to the fa...
Hi there!I'm not perfect. I'm don't always do what's best for me. Can you relate?In this case, I'm referring to the fact that lots of people over the years have told me they love my franchise informational videos. Which leads to the following questio...
Hi there!There is no such thing as a "No Money Down Franchise." Why?Because lenders need you to have skin in the game. As in "money."Think about it. If you were the banker, would you lend a new small business owner all of the money they'll need to op...
New Post From The Franchise King® What the heck is a reverse podcast interview on the franchise business? Wait. You don’t know? It’s when the person interviewed shouldn’t be the person interviewed. I’ll explain. Franchisee Interview Examples I love...
Hi there,I shared this on LinkedIn yesterday. Is it profitable to buy a franchise business today?It depends on the franchise you end up buying. In addition, it takes a while to become profitable.First, you need to reach break even. Here’s a Pro tip:Y...
New Post From The Franchise King® Reading over a franchise contract for the first time tends to put everything into perspective. In a big way. That’s because doing so can serve as quite the reality check regarding what you may be about to embark on;...
New Post From The Franchise King® Tony Philiou has been a McDonald’s franchisee since 1978. And lucky for me, one of his franchise locations (Mayfield Heights, Ohio) sits a mere 1.75 miles from my Castle. Not only that, it’s consistently been one of...
New Post From The Franchise King® Done right, franchise due diligence provides you with the vital information you need to make a smart, profitable choice in a franchise to buy. But if you do it wrong, because you didn’t take to the time to learn how...
New Post From The Franchise King® Franchise investors are groups/businesses that invest in franchise companies for one reason, and one reason only. To get a high return on their investment. Here’s an example of a business that focuses on that that me...
New Post From The Franchise King® I’m serious. Enough already! Prosecute these franchise executives! In this post, I’m going to tell you why prosecutions need to happen forthwith. Prosecute Before I get into this, you need to know the definition of...
New Post From The Franchise King® We always wanted to move to North Carolina. But there was a problem. We couldn’t find a beach house we liked. None of the homes our Realtor showed us felt like home. Not one. So we came up with this crazy idea. What...
