The hidden costs of a franchise sale

Buying or selling: there are hidden costs of a franchise. A franchise fee to the franchisor is meant to help cover the costs of the sale. Legal fees, training, system set ups and start up materials add up. For the franchisee, the start up costs may be the most expensive investment they have ever made outside of their home. Let's look at the hidden costs to consider with every sale.

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How Great Franchise Sales People Create Failing Franchises

A great franchise sales person can make or break a franchise. This first point of contact is crucial to the structure and sustainability of any franchise system.  You might think all your problems would be solved with great franchise sales people who just deliver higher close rates.

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With This Business, I Thee Wed: Making Your Spouse Your Business Partner

Lucy and Desi, Melinda and Bill Gates, Jay Z and Beyonce. These famous business-partner couples have made it look easy. What you don’t see, though, is the hard work they’ve put in to make their business and marriage relationship work.

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Emerging Franchise Opportunities - Are they Right for You?

The tech world can teach you a lot about franchising and what opportunities are right for you. Take a new device rolling out, as an example. When a new device is released about 2.5% of the users are considered “Innovators”. They’re the ones that use the technology first and they’re okay with the high risk that it may fail, since it hasn’t really been tested yet.

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Where Do You Fit? Employee vs. Employer?

Here’s the million dollar question: Is business ownership right for me? Well, before you take the dive, determine which path is best for you - owning a business or staying in corporate America.

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