Balancing Inventory and Cash Flow in your Franchise: What You Need to Know

When you’re starting a franchise that sells products, it’s exciting to receive your first shipment of inventory. All those boxes being delivered mean lots of profits. All you have to do is put your marketing machine to work and people should be flooding in to buy your wares.

H[...] Read more...

How to Make Accountability Part of Your Franchise’s Corporate Culture

 

Accountability in the workplace isn’t just something that’s nice to have, it’s a crucial part of a successful franchise. Without it, you may end up with a culture of finger-pointing and blaming, a recipe for business disaster.

According to Read more...

7 Leadership Lessons from 7 Excellent Books for Franchisees

Running a business isn’t easy, even if you are doing it with the backing of an established franchise. There are pitfalls to avoid as you balance inventory, marketing, employees, market fluctuations, deadlines, expectations and family life.

For those days when you need a little extra[...] Read more...

Franchising vs Licensing: What is the Difference?

When deciding to open a business using an already established brand, you may have heard people talk about franchising and licensing. There is a difference between these two business models, but what exactly is that difference?

Let’s take a look.

On the most basic level, the [...] Read more...

7 Franchising Ideas to Do with Your Mother

Earlier this week, in honour of Mother’s Day on May 13th, we looked at reasons why you should open a franchising business with your mom. Now, we look at a few ideas for what that franchise could be.

1. Restaurant

If your mother loves food, a restaurant is [...] Read more...