GYMGUYZ Soars to Top 10% of Entrepreneur’s 2019 Fastest-Growing Franchises

The Fitness Brand is Poised to Build on Momentum With More Expansion Across the U.S. and International Growth in 2019 PLAINVIEW, N.Y. (PRWEB) March 11, 2019 – Mobile personal training concept GYMGUYZ recently placed #50 in Entrepreneur Magazine’s list of Fastest-Growing Franchises, a subset of the industry-leading Franchise 500® ranking. This Top 10 Percent ranking and first page placement comes after a wildly successful year for the #1 in Home…

Growing Focus In Franchising Beyond Financial

Dr. Ben Litalien, CFE Published Mar. 11, 2019 in Forbes More To Franchising Than Just Financial Success As throngs of franchise folks returned from their annual pilgrimage to the International Franchise Association’s (IFA) franchise convention in Las Vegas, the overwhelming goal for most was determining how to extract more value from using the franchise model.  The IFA hosted scores of classes offering insights and know-how for franchisors and franchisees at all levels, an exhibit…

The Pros And Cons Of Buying A Franchise

Contributor – Jared Hecht Posted in Forbes – February 17, 2019 SHUTTERSTOCK The pros and cons of buying a franchise There is an obvious appeal to starting a business by buying a franchise. Whereas starting a business often comes with a lot of unknowns, a franchise is proof of a successful model already in motion. That doesn’t mean that buying a franchise equals instant and sustained success. In fact, the…

How Traditional Are Nontraditional Franchises?

Mahmood Khan  Published Feb. 13, 2019 in Forbes Passengers resting or buying food at Dunkin Donuts at International Arrival area in the Philadelphia International Airport which is the air transportation hub serving metropolitan Philadelphia area, Pennsylvania, USA.GETTY The Dunkin’ coffee-and-doughnuts, a pioneer in nontraditional franchising, is considering backing away from scaled-down formats at a variety of locations. It closed more such locations in 2018 compared to earlier years. Nontraditional franchising…

Smart Tips for Navigating the Initial Franchise Interview

Once you have a few franchises in mind, you’ll be talking to a franchise rep from each company. Here’s the skinny on how that phone call should go. Image credit: Milan Markovic | Getty Images Mark Siebert VIP CONTRIBUTOR Franchise Consultant for Start-Up and Established Franchisors Published January 23, 2019 in Entrepreneur The following excerpt is from Mark Siebert’s book The Franchise Handbook: – Everything You Need to Know About…

3 Reasons Buying a Franchise Might Be Better Than Starting Your Own Business

Image credit: JamesBrey | Getty Images Mark Siebert VIP CONTRIBUTOR Pubilished January 2, 2019 in Entrepreneur The following excerpt is from Mark Siebert’s book “The Franchise Handbook: – Everything You Needed to Know About Buying a Franchis. Franchises are systems that have been tested and refined and tested again. And gaining access to that system gives you, as a franchisee, the ability to start faster, reduce your initial investment, and avoid…

FRANCHISE TRENDS TO LOOK OUT FOR IN THE NEW YEAR

The Business Journal December 21, 2018 – 12:00 PM Written By Frank Lopez With a strong and healthy North American economy this year, and a strong economic outlook for the upcoming year, 2019 is poised to be a good year for the franchise industry. Kiplinger is projecting total holiday receipts to be up 4.8 percent and the GDP to swell by 3.5 percent in the third quarter. Combined with low…

Understanding the franchise agreement: Are they all the same?

December 10, 2018 in Canadian Business Franchise By Peter Snell Photos © www.bigstockphoto.com For most prospective franchisees new to franchising, a multi-page and standard form of franchise agreement is a new and unknown entity. For many, all contracts may look the same, or at least similar; therefore, it may be hard for a prospective franchisee to know if the agreement meets their needs. Are franchise agreements really all the same,…

Is Buying a Franchise Right for You?

Published in Global  Banking & Finance Review   December 4th, 2018 The best time to buy a franchise may just be right now. According to a Franchise Resales report, the current demographic and financial ecosystem is ripe for buying franchises. There is greater access to capital for starting your business than ever before and many baby boomer franchisees are now retiring and their franchises are up for grabs. Franchises as a…

6 Franchise Business Plan Must-Haves

AUTHOR: BeTheBoss.ca DATE: NOV 23rd, 2018   Your business plan for your Canadian franchisor is your blueprint for success, and it is also something lenders will consider when evaluating your loan application. If you haven’t made a business plan before, the process can seem a bit intimidating, even with a template. Your plan will need to be tweaked for your specific needs, but here are six sections every complete plan…