Joel Libava's Blog: The Franchise King Blog, page 34

On The Importance Of Business Plans In Franchising

New Post From The Franchise King��

How important are business plans for a franchise business?  (Note: This article is appearing here courtesy of Terkel.)   To help you best appreciate the importance of business plans in franchising, we asked CEOs and business leaders this question for their best insights. From helping you evaluate the impact of the owner’s active presence to enabling […]

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The Importance Of Business Plans In Franchising

New Post From The Franchise King��

How important are business plans for a franchise business?  (Note: This article is appearing here courtesy of Terkel.)   To help you best appreciate the importance of business plans in franchising, we asked CEOs and business leaders this question for their best insights. From helping you evaluate the impact of the owner’s active presence to enabling […]

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What’s The Most Important Thing About A Franchise Opportunity?

New Post From The Franchise King®

I’m not going to leave you hanging. The most important thing about a franchise opportunity is the product. Period. Let me give you a real-life example.   A Great Pizza Pie Recently, a new pizza franchise opened their doors near me. Not being an early-adopter, I waited until I “heard” a little more about their […]

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What Everybody Ought To Know About Franchise Experts

New Post From The Franchise King��

What are franchise experts? I’m being serious here. Better yet, how do you know someone is a franchise expert? Hold on. Maybe a better question to ask is this: How can you know if someone is an expert on franchising? And that’s what this post is all about.   Franchise Experts Know Franchising Duh. Of […]

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Rainbow Cone Starts Franchising, The Inflation Reduction Act, And More

New Post From The Franchise King��

This franchise news update includes news about Chicago’s Rainbow Cone, The Inflation Reduction Act, and more. News About Chicago’s Rainbow Cone In a partnership with the family that owns the Buona Beef chain, Rainbow Cone is looking for franchisees to bring the colorful dessert business to other states in the Midwest and the South. “Grandpa” […]

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10 Ways To Build An Online Presence For Your Franchise Brand

New Post From The Franchise King��

One of the most important things you need to do (as a franchisor), is build a powerful online presence for your franchise brand. Why? (With that in mind, I hope you enjoy this Guest Post from Erik Emanuelli) It’s no secret that consumers are spending more and more time online, and if your business isn’t […]

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Franchise Rules And You

New Post From The Franchise King��

Do you know how important franchise rules are? I hope so. Because your knowledge and acceptance of them will help you a lot. I’ll explain.   The Reason For Franchise Rules Why is the franchise model based on rules? Because brand and experience uniformity are key to a successful franchise business concept. For example, if […]

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Why You Need To Call 10-15 Existing Franchisees

New Post From The Franchise King��

I’ve been telling aspiring franchise owners (as part of their research) to call 10-15 existing franchisees for 21 years. There’s a reason for it. It’s because talking to lots of franchisees gives you access to the facts about the franchise organization you may be about to partner with. And more.   Call Existing Franchisees To […]

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A Reverse Podcast Interview On The Franchise Business

New Post From The Franchise King��

What the heck is a reverse podcast interview on the franchise business? Wait. You don’t know? It’s when the person interviewed shouldn’t be the person interviewed. I’ll explain.   Franchisee Interview Examples I love interviewing people I’ve helped. People who now own franchise businesses. For example, I interviewed Greg Moore about his journey and now […]

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A Few Things You Need To Know About A Franchise Contract

New Post From The Franchise King��

Reading over a franchise contract for the first time tends to put everything into perspective. In a big way. That’s because doing so can serve as quite the reality check regarding what you may be about to embark on; franchise business ownership. In this post, I’m going to tell you about franchise contracts, and why […]

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