Archive for the ‘Franchise Industry News’ Category

Throughout the course of the past few months, we at FranNet set out to provide some excellent topics for our blogs designed to speak directly to those considering a possible future as a small business or franchise owner. We’ve covered some vital subjects such as the three ways to own a business and touched upon [...]

It’s no secret that thousands of intelligent employees harbor a desire to eventually go into business for themselves. They do this for many personal reasons, not the least of which is the belief that they can be successful at the helm of their own organization. Perhaps you’ve been in a particular field long enough to [...]

The very idea of owning a franchise or starting a new business of your own is a popular dream. The next time you’re in a crowded setting—perhaps a park packed with people on a sunny day–try to imagine how many of those present actually harbor a secret desire to take charge of their own destiny. [...]

Without a doubt, everyone at one time or another has heard the phrase, “Don’t quit your day job.” Usually, it’s heard after repeating a particularly bad pun — or maybe even after a poor attempt at cooking a meal seen on a celebrity chef show. However, this phrase has a literal meaning in the world [...]

With the national economy seemingly headed slowly out of a paralyzing recession over the past four years, it’s safe to say that many people have become ‘hyper-aware’ of their current employment and financial environments. Those investigating franchising ownership has increased significantly due to this heightened state of awareness for many reasons. Proven business models, forecasted [...]

The economy may have officially hit broken record status; every report or news story on the topic continues to state that it’s sluggish and isn’t picking up momentum anytime soon. However, what’s the same old news for everyone else means big business for the franchise industry and related companies. Coming on the heels of the news that FranNet, a franchise broker that matches people to the best franchise opportunities, made a gross revenue of 44 percent above its earnings for 2011, we sat down with the company’s Director of Marketing, John Blair, to learn more about why a sour economy means sweet success for FranNet.

As experts at matching clients to the best franchise that fits their needs, FranNet’s consultants are at the top of their game. From time to time, the FranNet Blog will sit down with several FranNet consultants to gauge their thoughts and opinions on some of the issues facing franchising. The Executive Round Table is an [...]

FranNet Awaits Election With mere days remaining before the 2012 presidential election, we thought it was important to take a look at what franchising means for the economy and jobs, one of the most talked about topics on the campaign trails. Franchises are a very powerful part of small business across the country, and small [...]

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, [...]

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, [...]