In the second year of the Civil War, Union troops were destined to learn a tragic and valuable lesson about the lack of a well thought out exit strategy from battle. It was December of 1862 and Federal troops had taken up positions in the town of Fredericksburg, Virginia—determined to cross the Rappahannock River and [...]
Archive for the ‘Suggested Reading’ 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 [...]
With over 3,000 choices of franchise concepts in the marketplace today, your options for owning your own business are limitless. But not all franchises are created equally. So, how will you be able to gain the necessary piece of mind that the opportunity you intend to pursue is legitimate? Say hello to the Franchise Disclosure [...]
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. [...]
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.
Internet, diversity, FranNet-style franchise matchmaking has transformed the industry In 1987, when Howard Bassuk founded FranNet in Carlsbad, Calif., this was how you let a franchisor know you wanted information about a franchise opportunity: You ran across the franchise in a magazine, at a trade show or while scarfing down a sandwich at one [...]
Starting a franchise business, difficult during the recession, gets easier with loosened lending The first few months of 2012 have brought some encouraging news for potential franchise owners hamstrung during the recession by a clenched-fist credit market. Since the collapse of the housing market and near-collapse of the world economy in the fall of 2008, [...]
Now is not the time for half-steps to dig our economy out of the hole. We need strong action to empower entrepreneurs and help them start businesses that can provide good, lasting jobs to the nation’s citizens. According to FRANdata, the nationwide franchise information service, each new franchise creates an average of 10 jobs.