You really can thrive as a franchise owner even without direct related industry experience. Business Education Business Owners Wanted: No Experience Required Many strong brands are NOT looking for industry operators, but instead they want business builders, people who can follow a proven system, lead a team, and grow something over time. By Bob Wenokur • 3 min read
Business Education How Much Does It Cost to Open a McDonald's Franchise? The real question is whether the capital required, the complexity of the operation, the layered fee structure, and the payback timeline match the life you are trying to build and the risk you are willing to carry. By Will Huffhine • 14 min read
Business Education Should I Start a New Business or Buy an Existing Business? There is no universally correct answer. Both paths have produced successful business owners and both have produced painful failures. What separates the outcomes is not the path, but the match with their capital position, their risk tolerance, their timeline, and their strengths. By Will Huffhine • 7 min read
Reduce dependency on others by becoming a vendor to yourself! Business Education A Business Owner’s Strategy for Vertical Integration By investing in yourself via a franchise that directly serves your core business, you’ll reduce your reliance on third parties vendors (and their marked-up prices) while simultaneously creating another for-profit revenue stream to service others, too. By Bob Wenokur • 3 min read
Business Education How Much Is My Business Worth? A Guide to Business Valuation A rigorous valuation tells you what your business is realistically worth. It tells you what a buyer and a lender will actually support. And it tells you what, if anything, you can do before going to market to improve your position and your price. By Will Huffhine • 6 min read
Business Education The Biggest Mistake People Make When Buying a Business The biggest mistake future business owners make isn’t choosing the wrong business. It’s choosing a business before defining what they want ownership to make possible in their lives. By Chris Tucker • 5 min read
Business Education Our Franchise Did $450,000 in Year One and Wasn't Profitable. When someone tells me they want to invest in a franchise, I'm not just interested in finding a brand they think sounds exciting. I want to understand what they're actually trying to build. By Diana Miller • 5 min read
Business Education Your Successful Travel Business Might Be Your Biggest Financial Risk. Nearly all of your income flows from a single ecosystem: leisure travel. And that ecosystem, however thriving it is right now, is exposed to forces that are entirely outside your control. By Will Huffhine • 5 min read
There's strength in a partnership: don't go it alone! Business Education Why Working with a Franchise Consultant Beats Going it Alone Opening your own business via a franchise is worthy of deep exploration since it offers a proven system, established brand recognition, and lower overall risks than starting from scratch. By Bob Wenokur • 4 min read
Business Education How To Build An Empire through Franchising “When a man tells you that he got rich through hard work, ask him: 'Whose?” - Don Marquis Too many of us have worked our tails off to solid rewards, but in roles that quietly create resentment - real or imagined - that we’re really just working to make the rich By Bob Wenokur • 3 min read
Business Education The Question I Ask Before We Ever Talk About Franchises Most people expect our first conversation to be about brands. Investment levels. Industries. “What’s hot right now.” It never is. Before we talk about any franchise, I ask one simple question: “What do you want your life to look like in 3-5 years?” Not your income. Not your By Joanna Murray • 1 min read
Business Education Invest in Success: Family-Owned Business or College Tuition? As another school year begins, parents face the age-old question: invest in a college education or explore alternative paths like entrepreneurship for their soon-to-be graduate? With the cost of a degree soaring and starting salaries not climbing as quickly, many are considering the merits of investing in By Joanna Murray • 2 min read
