He bought his first Applebee’s 20 years ago, and since then has redefined what’s possible in the franchise industry. His philosophy: Be different, then go big.
Really hard work with no obvious utility is actually a very clarifying experience.
Navigate ‘discovery day’ with this list of questions that will make sure you learn all the essential information you need before you shake hands. February 6, 2019 4 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 About […]
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 […]
Colonel Sanders’s newest incarnation is fiercely defending the fried chicken chain’s 11 blends of herbs and spices. February 25, 2019 2 min read KFC — back at it again with the eccentric Colonel Sanders incarnations. In the past, the fried chicken chain’s founder and mascot has been portrayed by comedian Jim Gaffigan, WWE star Dolph Ziggler, actor […]
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 […]
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 […]
If you are considering a Mr. Handyman franchise, don’t get blindsided by these 28 important franchise fees (from the initial franchise fee, to the royalty fee, to 26 other fees found in Items 5 and 6 of Mr. Handyman’s 2019 FDD). 1. Initial Franchise Fee: $59,900 The Initial Franchise Fee is a fee for a […]
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 […]
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 […]