Archive for August, 2012

Franchises that meet perennial needs are best bets for entrepreneurs, consultant says Mike Welch is the FranNet consultant for the state of Minnesota, based in Maple Grove. Welch, 36, has found considerable success as a franchising consultant and in the franchising field in general, where he’s held three of the industry’s main jobs: franchise owner, [...]

  Five helpful tips for franchisees to avoid the business-killing mistake We’ve shown how franchise businesses fare better than typical small businesses. It’s proven statistically and backed up by plain common sense — business owners who operate under a known brand and with an established business model have a big advantage over owners who have [...]

Some good questions candidates should ask before they buy a franchise business When entrepreneurs begin talking with franchise systems, they tend to ask pretty standard questions: How much money can I make? How much will I have to spend? How big can I get? Is the franchise territory exclusive? They’re sort of the first-floor questions, [...]

FranNet helps match professionals with the right franchise opportunities We’re excited that for the third consecutive year, FranNet has made Inc. magazine’s exclusive list of the nation’s fastest-growing privately held companies! It’s great news for us. The annual ‘Inc. 5000’ list ranks companies on their three-year growth rates; ours was 49 percent from 2009-11. Making [...]