I would think about this issue in terms of the owner’s personality. For example, franchisors use OPM (other people’s money), and OPT (other people’s talent) to […]
Last week we visited the first Starbucks location in Seattle, Washington (original location was actually a few doors down, but moved). Starbucks has a very strict […]
Just because a particular business can be franchised does not mean it should be franchised. Any business owner who is considering expansion would be well advised […]
Franchising means that instead of adding a new company-owned location or business unit, you allow someone else to pay for the rights to use your name […]
When people find out OctoClean is a franchisor, they often have questions about why we chose to go the “franchising route” and what the benefits and […]
Deciding whether you should franchise your small business to accelerate expansion and supply more capital or if you should maintain a company-owned model depends on numerous […]
From sure-fire formulas to unique offerings, both franchises and independent businesses have their strengths and weaknesses. Augment your business by knowing what works for the “other […]
The question of whether to run a mix of franchised and company run operations is a question which every franchisor inevitably faces. In most franchise systems […]
It’s a question every business buyer faces. Here are five major differences between buying an independent business versus a franchise. Buying a small business is a […]