Joel Libava's Blog: The Franchise King Blog, page 30

33 Small Business Ideas You Can Profit From Right Now

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Check out this list of small business ideas you can use to start your own business. If possible, examine each one with an open mind, because all of them have the potential to earn you a nice profit. And freedom. I’m talking about the kind of freedom that exists when own what you do. When […]

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Why You Need To Change How You Analyze Franchise Earnings Claims

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It’s great when you run across six-figure franchise earnings claims online. Almost makes you want to buy that franchise. Especially when it reads like this: 1-800-Paint-It Revenue: $587,335 EBITA—-$280,404 (Earnings before interest, taxes, and amortization) In other words, franchisee earnings. And who wouldn’t want to make $280k? Let’s Call 1-800-Paint-It To Check On Those Earnings […]

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Are Franchise Startup Costs Getting Too High?

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Yes. Franchise startup costs are starting to get too high. But why? Is inflation to blame? Are franchise ownership startup costs becoming higher because there’s so much interest in franchising? Or is it something else? Spoiler alert! It’s something else.   The Reason Franchise Startup Costs Are Getting Higher Franchisors are paying more for everything. […]

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Are You Getting Your Franchising Information From A Human? You Sure?

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One of the best things about franchising is the ability to acquire a serious volume of specific franchising information. Specifically, the data and facts you need to make a smart business decision on whether or not you should buy the franchise you’re interested in owning. But where are you getting your information? More importantly, who’s […]

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When A Franchise Business Consultant Says This, Run Like Hell

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You’re not going to believe what this franchise business consultant just wrote. Are you ready?   From A Franchise Business Consultant Here’s what she said. “I am here to give franchisee candidates impartial, expert advice.” Did you hear that? It was the sound of my Crown…exploding. I’ll explain.   Do You Know What Franchise Consultants […]

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The Top 21 Franchise Opportunities To Own Right Now

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The 21 franchise opportunities featured below offer a frantastic way to become your own boss. I’ve arranged the franchises by category, so you can quickly head to the area of franchising you’re most interested in exploring. Additionally, I’ve included several proven buying tips,  strategies, and a list of resources for you to use as you […]

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On Corporate Job Prospects For Former Franchisees

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By Catherine Altman Morgan When you became a franchisee you made a big commitment. You not only made a financial investment, but also an investment of time, and likely blood, sweat, and tears. You had high hopes of success and believed that buying a proven business concept with the support of a parent company to […]

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15 Key Questions To Ask Franchisees When Buying A Franchise (Updated With 7 New Ones Added!)

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There are lots of questions to ask franchisees before you buy a franchise business. And doing so is a huge part of any serious research. Correction. Asking questions of franchise owners is the most important part of  franchise research But what questions should you ask? And what should the answers you get help you reveal? […]

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What Is The Definition Of A Franchise Business?

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I’m going to assume you’re here because you want to know the genuine definition of a franchise business. Great! Read on, so I can tell you!   The Definition Of A Franchise I’m quite confident that if I asked 5 people for their own definition of a franchise, I’d get 5 different answers. But that’s […]

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Franchise Fees Demystified: A Comprehensive Guide for Prospective Franchisees

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For years, people have been saying “You shouldn’t buy franchises because the franchise fees are too high.” Unfortunately, these “people” don’t understand how franchising works. I do. In this post, I’m going to tell you what franchise fees are, their average cost, what they’re used for, and why they shouldn’t play a huge part in […]

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