Whether an entrepreneur has amassed a substantial war chest of capital or has a smaller budget, the franchise world is their oyster, with a plethora of concepts to choose from. Understanding the initial investment level and financial requirements of different franchise brands is a great starting point and a way to narrow the vast choices
Budding entrepreneurs start their paths by looking for unique opportunities. Perhaps they scour the internet with a keen eye, discerning various sources of information on startup costs. Or they may pick the brains of friends, associates, and thought leaders for insight and ideas on what type of business they could open that would meet a
Fast-casual dining thrives in the sweet spot of the restaurant landscape, blending the best aspects of quick-serve restaurants (QSR or “fast food”) and casual dining (think full-service concepts such as Chili’s or P. F. Chang’s). This segment marries the ease and convenience of fast food with a more enticing atmosphere for dining in and better,
Fast-casual franchises are an attractive fit for millennial entrepreneurs for a simple reason: these dining concepts reflect what millennials as consumers themselves want, so, as operators, they get that. Millennials favor convenience and quality — the hallmarks of fast-casual dining — so offering that to like-minded consumers comes naturally. Inc.com reported that millennial spending power
Every business owner wants to maximize profit, and it is natural for anyone contemplating opening a franchise concept to seek out a brand with a lower cost of entry and high revenues. A number of chain brands have proven that this paradigm is attainable, making success a more efficient proposition for franchisees. Here are a
Let’s start by talking about entrepreneurs. There are those that see themselves as entrepreneurial; the often self-proclaimed entrepreneurs who take risks and either find success or find failure. And others who possess all the characteristics of an entrepreneur but have not quite taken the leap into entrepreneurship. Many may not even realize they are true
In January, Entrepreneur released its 2019 Top 500 Franchise Ranking. At the top of the list, with over 37,000 locations worldwide, is arguably the most famous burger franchise in history: McDonald’s. But not everyone who has the desire to purchase or start their own McDonald’s franchise will have the financial ability or opportunity to own
Whether you are an entrepreneur pondering your first, fifth or fifteenth small business venture, many of the considerations remain the same. Naturally, you will first need to decide what kind of business to open. Are you interested in a retail or a service-based business? Do you see yourself in a childcare setting or does running
We have all heard the well-known adage that the three things that matter most when it comes to property are location, location, location. This rings particularly true for anyone thinking about starting a business. You may not have decided what kind of business to pursue, but whether you are leaning toward opening a small independent