Finding Opportunities in Fast-Growing Franchises

A would-be entrepreneur can go into business for himself or herself using one of several different tracks. He or she could build a new company from the ground up with a carefully laid-out business plan and a significant amount of hard work. Alternatively, a prospective business owner could purchase an existing company and continue to […]

The Pros and Cons of Buying a Franchise, Part 2: Franchise Cons

Purchasing and running a location of an existing franchised company is a common choice for those looking to go into business for themselves, but who are hesitant to start completely from scratch. Of course, any decision to buy or start a business should be well thought-out and thoroughly planned, to avoid unpleasant surprises and unexpected […]

The Pros and Cons of Buying a Franchise, Part 1: Franchise Pros

What do McDonald’s, GNC Live Well, Tim Hortons, and Meineke Car Care Centers all have in common, besides being nationally recognized brands? They are all among the most successful franchises in the world. A franchise is a business structure that permits private owners to buy the rights to open and run locations of a much […]

Talk to Other Franchisees before Buying a Franchise

Starting your own business can certainly be a rewarding experience. Many prospective business owners, however, are hesitant to develop a company from the ground up, creating a niche or serving an unfulfilled need in the local community. Instead, they look toward purchasing a franchise, allowing them to own and operate a business with an established […]