Joel Libava's Blog: The Franchise King Blog, page 46

This On-Demand Franchise Business Offers a Service That’s So In-Demand, Potential Customers Are Being Turned Away

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(Sponsored Post about a franchise business that offers on-demand services)

Our cars (and trucks) mean so much to us. One reason? They provide freedom, control, and a sense of ownership.

In addition, with 400 models currently being offered in almost every shape, color and size, there’s a lot of room for individuality.

With that said, whether you prefer an SUV, an electric-powered 4-door sedan, or a 2-seater that can go from...

Why The Reason You Want To Own A Franchise Can’t Be Put Into Words

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“Not everything has a name. Some things lead us into a realm beyond words.”

-Aleksandr Solzhenitsyn

You only think you know the reason why you want to own a franchise.

To show you what I mean, take a look at the recent conversation I had with a client.

“Donald…do you know why you want to own a franchise?”

“For sure, Joel! I want more control of my life.”

“I bet you want more freedom, too.”

“That’s right. I do want more freedo...

Franchising Explained: Just Add Water

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In this post, I’m going to teach you how franchising works.

To be sure, there is no question that dozens of articles have been written explaining franchising. Some of them are excellent. But here’s the thing.

None of them include Jerry’s way of explaining how franchising works.

The best part?

A few paragraphs from now, you’re going to have an “aha” moment. Just like I did when I first heard Jerry...

The Top Two Reasons Franchisees Go Out Of Business

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Why do some franchise owners go out of business? And why does it seem to happen (a lot) within the first year or two?

Warning: The answers aren’t complicated. I promise you won’t need to pull up Excel and create spreadsheets.

 

Top Two Reasons Franchisees Go Under

1. They run out of money.

2. They failed to do the proper research.

Starting with #1…

You may not know this, but one of the best things about buying a franchise is t...

Pet Butler Franchise Owner Interview

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(Sponsored Post)

Recently, I had the pleasure of talking to Jessica Friley, who owns the Overland Park, Kansas franchise of Pet Butler.

What’s notable about Jessica (and her husband, James) is how they invested in their Pet Butler franchise. It’s an interesting story.

That’s because people who are looking into buying a franchise don’t normally have what Jessica and James have.

Stay with me. This gets interesting.

 

My Intervi...

How Franchisors Can Fill Their Information Technology Jobs

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(Guest Post)

 

Today, companies without good information technology talent can fall behind because they’re not staying ahead of trends. In order to rake in success, companies need to be where the users are and create channels to improve communication and services. However, it may be hard for some businesses to hire top-notch developers, data scientists, engineers and other information technology-related employees when the...

The Truth About Franchise Profits: When Does The Money Start Rolling In?

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Joe Stokar (who was my sales mentor), once told me that “Profit is not a dirty word.” Makes sense. Especially if you’re on the receiving end! Like when you’re the owner of a franchise.

 

Two Questions About Franchise Profits

Let’s talk about making money as a franchise owner.

Almost without exception, when you’re investigating franchises to buy, you’re #1 question is “How much money can I make?”

In most cases, that questio...

What Young People Need To Master To Achieve Success In Life

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If you’re young, and you want to achieve success in life, there’s one thing you need to excel at.

Wait for it…

Ready?

Writing.

Because the ability to write can will take you places. Good places.

 

On Writing

Do you know how to write? I didn’t. Not when I first started.

Would you like to know how I improved my “writing?”

By writing. And writing. Starting a blog helped, too.

Then one day, I received an email from Anita Campbell. Sh...

No Mask, No Service. A Terrific Opportunity For The Franchise Industry To Lead Here

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Wearing a mask in public protects others. That’s why all retail stores, restaurants, auto repair facilities and the like need to enforce a No Mask, No Service policy. And this can’t be “optional.” Would you like to see why?

 

That’s frightening.

Do you know what would be more frightening?

The franchise industry not leading in a #NoMaskNoService effort.

Why does this matter?

Because there are approximately 760,000 franchise b...

Why You Need To Forget Everything You’ve Heard About “Location, Location, Location”

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It used to be that location meant everything. Covid-19 has changed that.

For instance, if you were looking to buy a Subway franchise, you were told that the location is key. For the most part it was. In fact, choosing a good great location for your franchise business has always been a crucial piece of the puzzle.

 

Note: investing in a franchise is a fairly complex undertaking. Its definitely one that should be done...