Are you interested in starting a new franchise? This blog post will discuss 7 initial steps to franchising your business. Step 1: Decide if franchising is right for you. Franchising is not something to take lightly. It is a significant commitment, not only in terms of time but also the financial investment required to start a franchise. Some questions to ask yourself before you franchise your business include: Are you making a good living in…

[Announcing]: A long awaited Steak-N-Shake is anticipated to open in West Des Moines this coming January 2021. A couple of years ago in a Des Moines Register poll, Steak-N-Shake was one of the most desired businesses for the Des Moines area. Delayed for more than a year, West Des Moines Steak-N-Shake to Open Next Month –  Des Moines Register Although Steak ‘n Shake traditionally has offered table service, the new location will rely on counter service, a drive-thru…

Whether your are a prospective franchisee yourself, or a franchisor searching for the right franchisees, it is important to know what makes a franchisee successful. Because in actuality there are always top, average and poor performers in EVERY franchise. Franchisors will see a wide-spectrum of results. This blog post examines 5 traits I have noticed about successful franchisees. If it is to be, it is up to me. If you read my blog posts on…

Recently I had a conversation with a very successful small business owner I have known for a long time that really shook me. I learned his sales are now down 80% during the latest surge of the pandemic . He said, The virus is killing us. People are scared. Meanwhile, Amazon’s sales increased 40 percent in the second quarter alone, while their stock price increased 97 percent. Apple hit a $2 trillion market cap, the…

READ: 5 RECENT posts to check out ON franchising. The Complete Introduction to Franchising and Franchise Ownership [With Updates] – Joel Libava, The Franchise King Because if you’re going to invest in a franchise, it’s crucial for you to get a complete understanding of the business of franchising. You need to understand how the franchise business model works. Plus, you need to find out if franchise ownership is right for you. Is Atlanta the U.S.’s new …

You have built a successful business and perhaps even have multiple business locations that are thriving. Out of the blue someone says, “You should franchise!” And the wheels start turning from there. You learn about the expected investment, hire a franchise attorney and complete your Franchise Disclosure Document (an over simplification for the purposes of this particular blog post ,but let’s go with it). Now you are ready to franchise. Even the most inexperienced franchisors…