Joel Libava's Blog: The Franchise King Blog, page 81

Fast And Furious Is Not The Way To Sell Franchises

(Fast And Furious Video)

Grow, grow, grow!

Faster…Faster!

Sell, sell, sell!

Close more deals!

Award more franchises!

Etc.

It’s Not Recommended

You shouldn’t grow a franchise concept too fast.

Fast and furious is not the best way to sell franchises.

If you’re a franchisor…a new one, this may not be what you want to hear.Especially after you’ve invested $150,000 or more into your franchise. But, you need to hear it.

Sooner rather than later.

Here’s why: You could end up being one of “those”...

Chik fil A Franchise Quiz: Which State Will Now Be Flooded With New Chik fil A Restaurants?

If you’ve been keeping up with the latest news, you know the answer to this new franchise quiz.

Wait: You haven’t heard about what’s going on in one of our Midwestern states?

Keep reading.

Governor Mike Spence Signs New Law

The Indiana Governor signed a law last week that allows…gives permission-toany individual or corporation to cite religious beliefs as a defense when sued by a private party.

Me thinks the CEO of Chik fil A, a fast food franchise corporation known for it’s far-right and v...

Why Should Quiznos Franchisees Trust The New CEO?

Why?

Why the heck should Quiznos franchisees trust the new CEO…or anyone at Quiznos corporate office?

Can you come up with a reason?

Oh. You haven’t been following the Quiznos saga?

For starters, there used to be (in 2007) 5,000+ Quiznos stores. Now, there may be 1,000.

The Quiznos Franchise Saga

Warning:

What you’re about to read will make you feel like you just got punched in the head.

“I was a guy with a net worth in 2006 of over $500k, perfect credit, a good job in the medical field, a...

Exposed! Why This Franchisee Went Out Of Business

It wasn’t his fault.

He thought he was doing the right thing. He thought the franchise he chose was the right fit.

He believed in franchising as a business model. He was 100% comfortable (using) systems.

So, what happened? Why did this franchisee go out of business?

Why did he have to close his doors?

Keep reading.

This Franchisee

This franchisee is now a friend of mine, although we don’t see each other in-person an awful lot.

I’m not comfortable using his name-for two reasons:

1. He doesn...

You Won’t Believe Why This Franchisee Went Out Of Business

It wasn’t his fault.

He thought he was doing the right thing. He thought the franchise he chose was the right fit.

He believed in franchising as a business model. He was 100% comfortable (using) systems.

So, what happened? Why did this franchisee go out of business?

Why did he have to close his doors?

Keep reading.

This Franchisee

This franchisee is now a friend of mine, although we don’t see each other in-person an awful lot.

I’m not comfortable using his name-for two reasons:

1. He doesn’...

Finding The Support You Need To Become a Successful Business Owner

(Sponsored post)

Many Americans dream of discovering newfound personal and financial independence by opening their own business, however a lack of experience and an uncertain economic environment can make it difficult for many of these aspiring entrepreneurs to successfully achieve this. In an effort to maintain long-term success over the course of a new career as an entrepreneur, many have chosen the affordable and accessible entrepreneurial alternative – franchise ownership.

The franchise...

5 Stupid Reasons For NOT Using A Franchise Lawyer When Buying A Franchise

When you’rebuying a franchise, you can either:

A. Use the best resources available to help you lower your $$$$ risk

B. Try figuring it all out on your own

There is no “C.”

Franchise Resources

There are all sorts of resources available for today’s prospective franchise owners. It’s stupid not to use them.

Some of them are free…some are not.

Some are great. Some are average at best…even weak.

With all the choices out there today-because of the internet, you do have to be careful. Don’t choo...

Reloaded: My Top Franchise Research Articles And Tips

There’s so much darn noise out there. There are so many choices these days. Too many, if you ask me. (Did you ask me?)

I’m referring to the internet of course-specifically the millions upon millions of search engine results that appear after we type in a description of what we’re looking for.

Take “franchise research” for example.

As you can see in the screenshot above, (taken on March 11th, 2015) the search term, “franchise research” has 4,130,000 results showing on Bing.

That’s insane...

Good Jobs: Keep Your Good Job As Long As They Will Let You

If you currently have a good job, you should seriously consider keeping it for as long as you can. Or, as long as “they”willlet you.

They being the people who sign your paycheck. You know…them.

Are You Grateful You Have A Good Job?

If you have a good job, consider yourself to be one of the lucky ones.

If you’re not grateful for having a good job in times like these, shame on you. Do you know how many people are jobless? Do you know how many people have given up looking for a job?

From U.S. News An...

The One Thing New Franchisors Need To Avoid At All Costs

New franchisors have it tough these days.

First off, they have to be really different. I mean really different. They have to stand out with their products, services, or their way of doing business. Or, all three.

Then they have to compete with thousands of other franchisors who think their offerings are the bomb, too… on franchise portals and franchise directories.

But, other franchisors aren’t their only competition. They have to compete for attention; the attention of all sorts of people who h...