Today, we’re going to answer some of your franchise questions! We’ve received a number of questions from you on our various social media outlets; some questions have been asked multiple times so we made sure that those questions made it into today’s Q&A.
Our first question is from Megan. And Megan’s question is:
Continue reading “Answering Frequently asked Franchise Questions”
You’ve seen the lines in front of White Castle, In-N-Out Burger and Starbucks. These places are packed with customers! How many times have you thought “I want to own one of these!”, only to find out, that company doesn’t franchise.
So today, we’re going to answer the question: Why do some companies choose not to franchise? Continue reading “Why Some Companies Choose Not to Franchise”
Profit and Loss Statements
Today’s post is about the importance of a Profit and Loss Statement, or as some people call it, a P&L. First, let’s start with the definition a Profit and Loss Statement: A P&L is a financial summary of your revenues, your costs, and expenses over time.
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In this Blog Post, I’m going to share with you the 10 Steps to Opening a Franchise.
Opening up a franchise or any small business can be daunting. There are hundreds of tasks that need to be completed most, within a certain time-frame. Risk increases with ignorance and to that end, its important to understand the big picture, the context of the entire sales and development processes. In this article I’ve outlined a high level overview of the how to open a franchise unit. Its important to note that this post is intended to be a road-map. The specific how-to’s for each task will be covered in a separate posts.
With just a few exceptions, this process can be used to open any small business.
Continue reading “10 Steps to Opening a Franchise”