Of the 277,950-plus employees the franchise industry hired last year, roughly 27,795 were labeled as bad hires. That’s one out of every 10 employees.

Once you’ve made a decision to start a FAC, there are a number of factors to consider, including whether to start an association or FAC, how many members should be involved, how long the terms should be for members, and what powers members will have

Having a franchise network and corporate team comprised 100 percent of women has shaped MODE and contributed to its ongoing success, as well as the importance of extending opportunities to women in franchising. 

Whether it’s to increase brand awareness, meet realistic potential prospects to start the conversion process, or to seal the deal with a prospect, expos provide the ideal face-to-face environment.

Launching a franchise system is a decision not to be taken lightly. But thorough research, a strong leadership team and a commitment to franchisor franchisee relations can offer your concept a bright future.

The only real challenge for prospective owners is finding the opportunity that suits you best. Top tips for women and minorities considering franchise business ownership.

Creating a vendor relationship that is mutually beneficial to both parties doesn’t stop after choosing a supplier.

Franchise recruitment websites are a critical component of the franchise sales process. Make it easy for candidates to find key information about your company and the unique opportunity you provide.

Almost three-quarters of the 80 million Millennials in the U.S. say they want to be entrepreneurs, and most of them are perfect candidates for buying franchises, but almost no one’s marketing to them.

When taking the leap into expanding your franchise business, it’s important to consider how to grow without spending unnecessary time and dollars. Research, outside experts and managing costs can help maximize your return on investment.



 



By Ma