Franchising all or part of your business can be an attractive expansion strategy, but how do you know if yours is a business that will work well for others? There are a few key questions to consider.
Franchise opportunities are attractive to aspiring entrepreneurs because the business model is already established. However, thorough research and reflection are just as important for franchise purchases as for any other business investment.
Advances in science and technology bring new products and services to market, while allowing better access to more customers through mobile apps and websites. These factors are shaping both sides of the franchise model.
Starting a business is overwhelming, it could be easy to give up. Instead, commit to doing just five things every day. You'll be surprised by the progress you can make while keeping your inspiration high.
Phil Holland is welcomed into the Founders Society by Santa Clara University President Fr. Michael E. Engh, S.J. in Los Angeles, Calif., July 23, 2018
Keeping up with Bookkeeping • Tracking toward Annual Goals • Evaluating Product Performance • Lowering Subscription Fees • Hunting for Bargains