Joel Libava's Blog: The Franchise King Blog, page 72

Can Choosing The Right Franchise Make You Rich?

According to the book, “Million Dollar Habits: Proven Power Practices to Double and Triple Your Income,” written by Brian Tracy, most American millionaires are manager-owners of businesses. Here are a few more facts about the rich.

So, based on that statistic, if your goal is to become rich…millionaire-rich, you should take a serious look at becoming the owner of a business. A franchise business?

Franchise Business Impact

The U.S. franchise industry pumps a ton of money into the economy. Bi...

Buying A Franchise? You Need To Avoid Opinions At All Costs

“What’s your opinion of Quiznos, Joel?”

“Joel, do you think McDonald’s is a good franchise?”

“Joel, is a $60,000 franchise fee out of line?”

“Should I invest in multi-units, Joel?”

“Joel, do you think it’s okay to buy a franchise right out of college?”

I do have opinions on every question asked above.

My Opinions

I could have given my opinion about Quiznos here, but I didn’t.

On McDonald’s, I’ve given my opinion-rather strongly, many times.

$60,000 is pretty high for a franchise fee. That’s...

Interesting Franchise And Small Business Links For April

Here’s some interesting franchise and small business news along with links to the stories, for April.

McDonald’s Korea is going to transition it’s company-owned outlets to franchise outlets. According to this report, the companyhas been directly managing most of its stores in Asia so far. If and when it selects franchise partners, however, the U.S. fast food company is probably going to sell most of its stakes or turn them into joint ventures, just receiving commissions as royalties from af...

See How This Blaze Pizza Team Member Almost Broke YouTube

Did you hear about the Blaze Pizza team member that almost broke YouTube recently? Check this out…

The place: Pasadena, California

The day: March 11th, 2016

The Blaze Pizza team member: Ron

The thing that almost broke YouTube: This video



Ron is really Lebron James, the super-human power forward for the Cleveland Cavaliers. Off the court, Lebron James is the spokesperson for Blaze Pizza, a hot, new pizza franchise that’s already sold out practically every available territory in the U.S.

Ac...

5000 People Took My Free Franchise Quiz And The Results Are Alarming

The online version of my free franchise quiz went live in November of 2006. Since then, over 5000 people (prospective franchise owners) have taken my free franchise quiz. The results really are alarming.

I decided to put together the 19 question quiz because I felt it was badly needed. Way too many of the people (who were coming to me for tips and advice on buying a franchise)were wrong for franchise ownership. They were too entrepreneurial and/or were not fond of following rules*-ones set b...

Franchising And Small Business Links For March

As you’ll see below, I’ve linked to the following franchising and small business articles that I found interesting (you should too) for March. Feel free too pass them around to those who may find them interesting, too.

March Franchising And Small Business Links

Texas is big, when it comes to franchising, according to the folks at Franchise Help. “When you break down interest in franchising to the zip code level, everything is bigger in Texas. Eight of the ten zip codes with the highest absol...

The Top 5 Reasons People Buy A Franchise: Are One Of Them Yours?

Thousands of people make the decision to buy a franchise every year.They do it for a variety of reasons. I have talked with thousands of prospective franchise business owners over the years. All of them…all of these courageous people I’ve met and/or worked with 1-on-1, come to the table for pretty much the same reasons….5 reasons actually. Would you like to know what they are?

The Top 5 Reasons People Buy A Franchise 1. To Avoid Dysfunctional (Crazy) Bosses

Sometimes, no matter how hard yo...

The Lowdown On Senior Care Franchises For 2016

The senior population isn’t the only group of people senior care franchise owners serve.

According to the editorial team at Franchise Direct, senior care franchisees also serve:

People recovering from accidents People returning home after surgery People who require complex treatments and/or monitoring People dealing with chronic diseases and disabilities Mothers and newborns in the first days after discharge from the hospital

Information like that-information that’s tied directly to pote...

The ABC’s Of Finding A Franchise You Can Make Stacks of Cash Owning

Stacks Of Cash.

That’s what you want. You want to find a profitable franchise opportunity. You’re willing to risk some of your cash-to do it…to be your own boss. You’re even willing to potentially take heat from your family if things don’t quite work out. And, you’re willing to take a short-term hit to your income in order to potentially build equity in a business you can call your own. You have the courage of a lion. You have more courage than most people.

I think it’s great, and I’d like...

Could Denver Be The Best Place To Start A Franchise?

Before I get into the topic at hand-whether or not Denver is the best place to start a franchise business, I’d like to share what Iknow about the city.

My dad traveled a lot when I was a kid. He worked for a few pretty large companies, like Revlon, for example. His title was “Regional Manager.” That meant he was in charge of a region. (Like 15 states!) He was out of town Monday-Thursday almost every week. Kinda sucked for me…for us kids. (I have a brother and a sister) One of the cities he l...