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Why These 3 Advisors Paid to Say ‘No’ Are Your Best Allies When Buying a Franchise

Talk to these three people — who are more likely to tell you ‘no’ — before handing over your hard-earned cash for a franchise business. February 13, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Mark Siebert’s book The Franchisee Handbook: Everything You Need to Know […]

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5 Recession-Resistant Franchise Sectors You Should Consider During an Economic Downturn

Invest in an industry that can withstand an economic downturn. March 8, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. We are certainly enjoying prosperous times! The United States Economy is experiencing a boom that may end up the longest in history. Unemployment levels are near record lows while the stock […]

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24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less

Entrepreneur Franchise 500 list rank: 170 Initial investment: $8,639 to $296,598 Initial franchise fee: $3,500 New units in 2016: -1 units (-0.1 percent) Chester’s has one of the widest ranges for initial investment — you will need to invest anywhere between $8,000 to almost $300,000. However, depending on your current assets and plans for the fried-chicken franchise, there’s […]

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Selling to Franchisees for Extra Income

As a franchise consultant, I discuss with all NFA’s clients that providing goods and/or services to your Franchisees can be an important income stream for a Franchisor. When you franchise your business, do not overlook this profit center. Often, prospective Franchisors concentrate on the funds generated by initial franchise fees and on-going royalty payments. For […]

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Can Your Business Be Duplicated?

As a franchise consultant I recommend you answer a very important question before you franchise your business. This question is “can my business be duplicated by another person?” If your business cannot be easily replicated, it probably is not a good candidate for franchising. When you franchise your business properly, it creates a classic win-win […]