Franchise Industry Recognized as Economic Engine for Female Entrepreneurs

Fort Lauderdale, Feb. 28, 2017 (GLOBE NEWSWIRE) — Anago Cleaning Systems (Anago), an industry-leading commercial cleaning franchise with more than 35 Master Franchises and over 1,400 Unit Franchisees throughout the U.S. and internationally, announced today that Franchise Business Review ranked Anago as one of the Top Franchises for Women as part of the publication’s first annual “Top Franchises for Women” list. “One of our guiding principles as a global franchise…

4 Things Canadian Franchisees Overlook When Buying a US Franchise

  There are many US brands operating successfully in Canada today across several industries. If a US franchise has caught your eye, however, you need to do some homework beyond the typical research. There are some specific areas that can cause you trouble down the road as a Canadian operating a US franchise in your home country, so check out the commonly overlooked areas below before sealing your deal.  …

CAN A FRANCHISE AGREEMENT BE CHANGED?

The franchisor will probably tell you that the Franchise Agreement is a standard form and that everyone signs it. But, there may still be some room for negotiation on points like these: The description of the geographical area in which you will be the company’s only franchise owner. A right to take over adjoining areas if they become available. The number of years the franchise will remain in effect. A…

New Stats on Women in Franchising

’m all about encouraging diversity in franchising, and was pleased to see some new statistics on women in franchising from Franchise Business Review. On the whole, FBR’s numbers point to a clear majority enjoying operating the business, while barely more than half feel their work/life is balanced. Franchise Business Review is a national franchise market research firm that conducts independent research of franchisee satisfaction, and it recently surveyed 6,400 female…

Getting Started in Franchising

Regardless of your business experience or skill set, if you are thinking of owning a franchise, here are some things you need to consider. What Interests You: Many people compare entering a franchise agreement to a marriage. You have to be sure the business will hold your interest over the term of the franchise agreement—many of which can be 10 or 15 years long. It is important to think about…

5 Tips for Negotiating Your Franchise Deal

  Negotiation is a big part of the franchise purchase process. If you’re successful at it, you will probably start out your new business with better terms and more benefits than someone who is not as skilled. Even if you’ve never negotiated anything in your life before, here are five tips to help ensure your franchise negotiation process goes smoothly and in your favor.   Have some confidence You don’t…

Why You Should Buy a Franchise Instead of Starting Your Own

The following excerpt is from Rick Grossman’s book Franchise Bible. Buy it now from Amazon | Barnes & Noble Very few people have the natural ability or expertise to be efficient at all aspects of running a successful business. That is where the franchisor’s experience comes into play. Franchise organizations offer a structure for launching, operating and growing a business. Indeed, the successful franchisor will deliver the entire framework around which the business is…

The 19 Covenants of a Standard Franchise Agreement

The following excerpt is from Rick Grossmann’s book Franchise Bible. Buy it now from Amazon | Barnes & Noble | IndieBound The franchise agreement is the contract between the franchisor and you, but it’s not a “standard” or “form” agreement. The format of the contract differs from one franchise system to another. However, though each franchise agreement will differ in style, language and content, all franchise agreements have covenants, each of…

Past Failed Franchise? Here’s When You Should Try, Try, Try Again

  There’s no way around it. Buying a franchise is risky. Owning any type of business is risky. It’s the reason why franchise ownership is so magnetic. It repels the people who are risk averse and continually attracts the people who love a challenge. If you’ve owned a franchise in the past without success but are considering investing in a new franchise, you’re part of the latter group. You love…

Why You Should Consider Investing In a Franchise

In planning to venture into a franchising business, it is important to do complete and thorough research.  The franchise will give you a certain level of independence  in operating your own business. This will also endow with a proven business model, training, marketing and ongoing support Why you should consider franchising: Risk of business failure is reduced. The failure of a franchise business  is reduced because proven operating systems, marketing…