Is a Virtual Franchise the Answer to Your Entrepreneurial Dream?

In 2023, virtual franchises experienced a significant surge in popularity as entrepreneurs increasingly opted to run franchises entirely online. This upward trend can be attributed to technological advancements and the growing acceptance of remote work options since the pandemic. Virtual franchises provide entrepreneurs with unparalleled flexibility and scalability, enabling them to operate their business anywhere with a Wi-Fi connection.

Today’s technological advancement of the ...

Franchise Industry Glossary of Terms

Advertising Fee - Advertising Fee is the annual fee that is paid by the franchisee to the franchisor as his share of the corporate advertising expenditures. This advertising fee is charged by few franchisors only.

Advertising Fund - Another continuing periodic payment to the franchisor that, like the royalty payment, can be a fixed amount or a percentage of gross sales.

Agent - An agent is an individual appointed ...

Taking the First Step towards Franchising

Patrick Laforet, a well-known Canadian franchise expert and author, recently quoted an excerpt from Dr. Martin Luther King Jr.: "Take the first step in faith. You don't have to see the whole staircase, just take the first step."

Working with a certified franchise consultant (CFC) gives one the confidence they often need to take the first step to business ownership. CFCs are certified in teaching and coaching their candidates through the sometimes lengthy process of franchising. And ...

Senior Care: A Constant, Growing Need

Studies conducted by the National Council on Aging (NCOA), suggest that roughly 80 percent of aging adults have at least one chronic disease. According to the NCOA, "Chronic diseases can affect a person's ability to perform important activities, restricting their engagement in life and their enjoyment of family and friends." With this, there is an ever-increasing need for services that can assist aging adults. Not only has in-home care become an option for seniors, other adults who require ...

The Advantages of Home-Based Franchise Ownership

Running a business out of your own home is a goal shared by millions of Americans. It’s convenient, saves time and money, allows for inexpensive child-care options, and enables you to operate your business with much lower overhead because you don’t need to lease office or retail space. There are currently 38 million home-based businesses in the United States, including 52% of small businesses, many of which are franchises. Industries such as home improvement and landscaping, cleaning and ...

Teamwork Makes The Dreamwork

Working with a certified franchise consultant (CFC) offers, at no cost to you, a true franchise professional to help guide you through the process of franchise ownership. Who couldn't use an extra set of eyes, an extra set of ideas, an extra set of experiences, and someone who's been properly trained in the field of franchise matchmaking?

Franchise consultants are certified in helping people begin the exciting journey of franchise ownership! With so many options, it's nice to know ...

The Opportunist

Sometimes in life we will experience unexpected circumstances. Wait. Always in life we will experience unexpected circumstances. The question is, how do we respond? Are you more of a pessimist, where you see the glass half-empty and focus on the negative stigma? You're an optimist and you see the glass half-full. Or you could be an opportunist and drink the water while the others argue over the glass being half-full or half-empty.

A certified franchise consultant is specifically ...

Working with a Certified Franchise Consultant (CFC)

According to the Wall Street Journal, it's true that business ownership has never been this high, and in turn, certified franchise consultants are in high demand as well.

Working with a certified franchise consultant (CFC) offers you the ability to gain a much superior understanding of working through the process of making decisions on franchise ownership. Given there are literally thousands of options for franchise ownership, working with a CFC only makes sense. CFC's introduce ...

Considering Culture

Culture can be defined as the customs, attitudes and achievements within a certain group. When considering a franchise, among many other aspects, it is important to also consider the culture of the brand you are considering to be sure it is the best fit for your values and your lifestyle.

Working with a franchise professional such as a certified franchise consultant (CFC) can help bring in specialized knowledge and understanding of how important blending cultures is, especially in the ...