Q: How important is your personal credit report when you look to finance your franchise?
A: Most lenders will require a credit check before making a decision on whether to extend credit for your franchise. How you’ve managed your personal...
Category : Advice & Tips
How To Figure Out When You’ll Be Profitable as a New Franchisee (VIDEO)
How can a franchisee determine when they can expect to reach profitability? It’s a combination of following some comprehensive steps and ensuring a base understanding...
Q: What are non-competition and non-solicitation clauses?
A: Non-competition and non-solicitation clauses are common restrictive covenants in franchise agreements. That’s because non-competition clauses prohibit franchisees and their principals from operating a business...
Q: As a new franchisee, how do I figure out when I will be profitable?
A: When starting a new franchise venture, one of the main hurdles that a franchise owner may face is how to reach the point of...
What Provisions Should I Consider When Renewing My Franchise Agreement? (VIDEO)
When it comes time to renew a franchise agreement, entrepreneurs may be tempted to focus on the most pertinent costs including the franchise fee and...
Online Exclusive: How to Attract, Impress, and Retain Customers
By Lori Karpman, Client Tether Building your business isn’t only about acquiring new customers. In fact, keeping your current customers happy should be high on...
2022 Franchising Trends (VIDEO)
In our January/February 2022 Trends issue, we take you through franchising trends and innovations to look out for throughout this year. Check out this video...
Franchise System Trends
FranConnect president Keith Gerson explores what new franchisees can expect from franchisors in 2022 and beyond, from the rise of the “experience officer” to increased...
New Year, New Trends
Franchise consultant Gary Prenevost examines what he expects to come for franchising trends and changes in 2022 By Gary Prenevost At the beginning of every...
Q&A: Franchisee Trends & Transitions
Consultant Angela Coté shares what’s trending in franchising now, the impact of the pandemic, and advice for starting your own business in 2022 By Angela...