While buying a franchise is easier and more affordable than establishing your own small business, you shouldn’t take this step lightly. Many entrepreneurs invest in a poor franchise and see little to no returns on their investment.
All kinds of businesses require money but not all entrepreneurs gain easy access to funding. In fact, most can't get their business off the ground because they lack adequate funding. If you plan well and approach your finances carefully, you will be able to find enough money to fund your venture and ensure it stays afloat. Here are some tips that can help:
Managers are professionals that handle core and essential processes when you're not around and assist you with your business. A great manager will make sure that your franchise is running well and your customers are happy with your products and services. Unfortunately, the job market competitive and it's not easy to find the good talent. Here are some tips that can help:
If you have a successful business and want to expand to utilise its full potential, you might have considered franchising. Franchises are known to become global establishments with thousands of branches worldwide. Brands like McDonalds, Starbucks, Subway, etc, enjoy considerable amount of success but is franchising the right option for you?
Social media should always be handled carefully because mistakes on this platform have a tendency to adversely affect a company's reputation. A well-managed social media marketing campaign can increase brand visibility and help you reach a wider audience. Most franchise owners wonder if they should manage their social media accounts and campaigns themselves instead of hiring a professional. There are pros and cons to both options so consider the points mentioned below before you make a decision.