Is franchising the right growth strategy for your company? Use this guide to dive into the pros and cons of franchising. Read some winning (and losing) franchise management strategies, and learn from the experiences of other franchisors.
Licensing a business concept seems like an easy way to grow a business, but as many entrepreneurs discover, maintaining a brand's integrity through the process will determine the growth strategy's success or failure.
The roof leaked, the financials were sketchy, the employees were unmotivated, and the customers were disgruntled--so Mike Schwartz decided to buy the place. Now his Harley-Davidson business is a $53 million-a-year phenomenon.
How much do you really know about that franchise you're planning to buy? These tales from the field show why you need to carefully investigate ownership and operational issues before signing a contract.