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…
Some say there is a holiday now for just about everything. And that fact is a boon for restaurant brands, providing a myriad of opportunities to create special limited time offers and promotions to help franchise owners boost sales dramatically. This week, it’s time for America’s favorite culinary sidekick to slide out of the shadows…
Last Updated: April, 2024 If you’re an entrepreneur interested in the restaurant market, a good question to start with may be: “How much does a fast-food franchise cost?” 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 in this…
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…