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Log In / Register | May 18, 2013
Buying a franchise

Franchising Myth Five: Franchising Provides a “Proven Franchise Business System”

Posted Tue, 2013-05-07 07:10 by Robert Purvin

Franchising provides a "proven franchise business system" is a myth I hear from prospective franchisees all the time.

3 Ways to Avoid Being Stuck with the Wrong Franchise

Posted Sun, 2013-05-05 15:19 by Mario Herman

The decision to purchase a franchise is not one that should be made lightly. After all, any sort of new business venture can have a huge impact on a person's life.

Franchising Myth Four: The Typical Franchisee Gains a Valuable Brand Asset

Posted Thu, 2013-05-02 22:36 by Robert Purvin

Let's play a little game. Review Blue MauMau's alphabetized directory of franchises. HERE is the link. Take a few minutes to browse and then ask yourself how many companies you recognize. When you're done, come back to this article.

Franchising Myth Three: Franchisees Own Their Franchised Business

Posted Wed, 2013-05-01 09:02 by Robert Purvin

Many franchisees consider themselves to be business owners. A franchisee might hire and manage employees, sign the lease on a store or restaurant, handle customers, keep the books and take home profits at the end of each month.

Franchise Small Business Admin Loans Equal Large Taxpayer Losses

Posted Tue, 2013-04-09 21:52 by Old Sword
Flushing money down the toilet

Journalists Lynn Hulsey and Ken McCall look into the world of franchising via Small Business Administration lending and uncover a universe of bad loans, shoddy underwriting practices and non-existent oversight.

If You’re Buying a Franchise, Having the Right Attorney Is Crucial

Posted Wed, 2013-04-03 10:02 by Ed Teixeira

Purchasing a franchise is an important decision. People will use their life savings, a home equity loan or borrow money from family members to fund the franchise.

Franchising Myth Two: In Business for Yourself but Not by Yourself

Posted Wed, 2013-03-27 02:21 by Robert Purvin

Many prospective franchise owners are attracted to the concept of buying a franchise because they believe it combines the freedom of owning a business with the safety of a benevolent guiding hand. Franchisors cultivate this concept. The catch phrase of the International Franchise Association is “In business for yourself, but not by yourself!”

Multiunit Franchisee Suggests How to Get into a Franchise

Posted Wed, 2013-03-20 17:48 by BMM

Michael Hyam of Business Exchange interviews multiunit, multibrand owner Aziz Hashim at the International Franchise Association's annual conference in Las Vegas. Mr. Hashim sits on the board of directors of the International Franchise Association.

Franchising Myth One: Franchises Are Safe Investments

Posted Wed, 2013-03-13 07:23 by Robert Purvin

Perhaps the most common and pervasive franchise myth is that franchising per se is a safe investment. Fed by a steady diet of industry hyperbole, the conventional wisdom that feeds this myth contends that when you buy a franchise you are investing in a proven brand and an established business system that will virtually guarantee business success.

Franchising Myths

Posted Wed, 2013-03-06 02:26 by Robert Purvin

Owning or purchasing a franchise is a life-changing decision that has huge implications for an individual’s finances, career satisfaction and overall happiness. The promise of franchising is business ownership supported by a proven brand, an established market, beneficial operating system and increased buying and marketing power. In the current franchising marketplace, the promise is often not met by reality.