Becoming a first-time franchise owner is in an incredibly exciting time. It also can be very daunting — but that’s part of what fuels the excitement, so embrace it. By being prepared and confident, an entrepreneur new to the world of franchising can take their latest venture by the horns. Here are a few…
Much as is the case in launching any other type of small business, one person acting alone may not possess a dynamic enough skillset — or may simply not have the time to devote to the daily operation of the business—to drive the success of a franchise. For myriad reasons, entrepreneurs who invest in opening…
Small restaurants give operators the opportunity to trim away excess and overhead while focusing on serving a great product. Chefs can flex their culinary creativity with fewer distractions and more freedom. But the motivation doesn’t just come from the operator side; small restaurant business concepts answer consumer demand. How customers interact with restaurants has progressed.…
For many, the difference between the dream of opening your own business and making it a reality is small — but significant. The very nature of taking on a challenge outside of your comfort level, while nerve-wracking, is exciting, but having a map to help guide you is a must. An opening-a-restaurant checklist can help…
Long ago, fast-food was on the far end of the spectrum from fine dining, and it still is. There is a vast difference between, say, Ruth’s Chris Steak House and McDonald’s. But in more recent years, a new trend among restaurant chains has emerged to answer consumer demand for something in the middle. Think of…
Though what’s on the plate in a fast food or fast-casual business may not seem like it requires rocket science to execute, a multitude of considerations go into getting it in front of the customer — and even more go into making sure the restaurant not only survives but thrives. A smart fast food business…
When formulating a plan for success in opening a new fast-casual restaurant, priorities tend to lean toward recipes, kitchen, processes, ordering strategies, branding, social media promotion, and more. Creating a script, strategy and training component for how to greet customers when they enter your restaurant often ends up somewhere at the bottom of the list…
Regardless of how unique a restaurant’s value proposition is, how great its menu may be, and how standardized its execution is, everyone makes mistakes. In some cases, a restaurant (or its employees) might not even make a mistake, and yet a customer with an ax to grind, for whatever reason, may decide to take out…
Business is booming between the buns. Eighty-five percent of customers love or like burgers, according to foodservice industry research firm Datassential, QSR Magazine reports. And, get this: this recent research also found that burgers outrank 99 percent of the thousands of other foods in the firm’s FLAVOR database. It is no wonder, then, that over…
What Is the Process for Becoming a Franchisee? The first step is what you’re doing right this minute, as you read this article: research. Your decision on what type of franchise to pursue will come after much soul-searching — about what kind of business you want and whether you’ve got the attributes to go for…