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Jan 15, 2025 | 
franchisedirect.com | Kimberly Crossland
Some parts of the franchising world remain delightfully consistent, such as the plug-and-play systems offered, and the ongoing training and support franchisees receive from the corporate office. Other parts of franchising are dynamic and constantly evolving, allowing the franchise to evolve alongside the current market. This is one of the more potent parts of franchising, making it a popular way to invest your money and time.
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Dec 11, 2024 | 
franchisedirect.com | Kimberly Crossland
If you’ve hung around the franchising world for any time, you’ve noticed that not all franchise opportunities look the same. Some are large and have a wealth of brand reputation, systems, and vendor relationships. Others are newer, with much room for growth, potential, and franchisor input. Then, there are micro franchises, which are catching the eye of many investors these days. What is a Micro Franchise?
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Nov 20, 2024 | 
franchisedirect.com | Kimberly Crossland
Perhaps one of the biggest questions about starting a franchise is how much money you can earn. The second biggest question is, how much money do you need to start franchising? As a savvy franchisee, you're not going to just jump into an opportunity because it sounds good. You will do so with a clear view of your costs and sales projections to know how much you’ll need to have in the bank to get started.
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Nov 13, 2024 | 
franchisedirect.com | Kimberly Crossland
Since the pandemic rocked the world in 2020, many businesses have realized the potential and potency of moving away from traditional business models. That includes running a franchise virtually—or off-site— with a dispersed team, particularly if you are a multi-unit franchisee. While virtual team management has become increasingly popular, it is still a relatively new concept.
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Oct 30, 2024 | 
franchisedirect.com | Kimberly Crossland
The dream of franchise ownership is popular. The established processes, the plug-and-play business model, and the bulk of the research and risky development done for you—all of these features are attractive in their own right, but one of the major reasons investors put their hard-earned money toward franchising is the established branding that works as wind in their sales.
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Oct 23, 2024 | 
franchisedirect.com | Kimberly Crossland
As in every election year, all eyes are on the economy — especially among potential franchise investors. Is now the right time to invest? And if so, what is the projected economic outlook for the franchise industry? Those questions, and more, were answered in a recently released International Franchise Association (IFA) Economic Outlook report, and the results were eye-opening. The report confirms a measure of uncertainty that so many sense we’re currently experiencing in the United States.
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Sep 11, 2024 | 
franchisedirect.com | Kimberly Crossland
When you first start your franchise journey, you’ll often be offered the opportunity to join a franchise association. These associations are groups designed to help facilitate and build stronger franchising relationships between the franchisee and franchisor and between the franchisee members and lawmakers. There are two types of franchise associations — independent and national. Which do you need to be a part of, and which are most beneficial to your franchising journey? Let’s take a closer look.
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Aug 21, 2024 | 
franchisedirect.com | Kimberly Crossland
Many people come to a crossroads several times throughout their professional lives, leaving them wondering, what’s my purpose? It’s a common question around milestone moments, such as new decade birthdays, growing families, reentry into the workforce, and a general feeling of unrest in a current role. Often, this question leads people to wonder if starting a franchise is the right next step for them.
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Aug 14, 2024 | 
franchisedirect.com | Kimberly Crossland
Perhaps you were at lunch with a friend who suggested you start a new franchise as your next step. Or perhaps you were brainstorming ways to shift your professional goals to earn more money, build a legacy for your family, or have more flexibility in your professional life. No matter the reason, you’ve stumbled upon the idea of franchising. No matter how you’ve decided to search for a new franchise, you’re here checking out the opportunities.
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Jul 31, 2024 | 
franchisedirect.com | Kimberly Crossland
🕒 Estimated Reading Time: ~3 minutesEmbarking on the journey of franchise ownership is no easy task, especially when finding the perfect franchise. As you navigate this challenging process, know that you’re not alone. Many new franchise owners have faced the same daunting task. There’s a lot of pressure on your shoulders when choosing a franchise.
