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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 […]

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Identifying your Target Franchisees

As a franchise consultant, a question I commonly hear is “What steps should you take when you franchise your business?” Often, new Franchisors become so focused on the details of their franchise programs, they forget to look at “the big picture”. One of the most important issues when you franchise your business is how to […]

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Avoid Overselling your Franchise!

As a franchise consultant, a question I commonly hear is “What mistakes are frequently made when you franchise your business?” Here are some blunders to avoid when you franchise your business: Selling a franchise just to generate money Ignoring prospective Franchisee red flags Franchising your business simply to get out of a financial hole Spreading […]

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Getting to know your franchisee

As a franchise consultant, I’m often asked “What mistakes should you avoid when you franchise your business?” Here are some frequent missteps when you franchise your business: Selling a franchise just to generate money Ignoring prospective Franchisee red flags Franchising your business simply to get out of a financial hole Spreading franchises too far apart […]