In an effort to attract and assist franchisees, some systems are cutting franchise fees and other costs--sometimes by as much as two-thirds.
Know how to make sense of the current economy and its impact on franchise funding.
Top 10 questions to ask yourself if you're thinking of franchising your business.
They're out there, and ready for you to take the reins. It's no secret that people are losing their jobs-it's an epidemic. These talented people are simply victims of our current economic circumstances.
Get it going with this advice on opening more locations.
The recession has hit franchise owners particularly hard, with the Small Business Administration (SBA) reporting record loan default rates for 2008-2009. According to the SBA, individuals who took on SBA loans to finance a franchise had a 43% higher failure rate than in 2007. In total, those franchise losses cost the SBA $93.3 million last year - nearly 170% higher than the year before.
Does that franchise concept really deliver? Here鈥檚 how to find out.
As a 25-year veteran of the franchise industry and a multi-brand franchisor, I've seen tremendous growth in the popularity of franchising.