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What Are Franchise Owners Responsible For?

If you are considering business ownership, you may be looking into available franchise opportunities. Purchasing a franchise can be an excellent way to own a business, since you get the added security, name recognition, established reputation, and assistance of the...

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The Benefits of Back-Office Outsourcing

If you’re feeling overwhelmed by administrative tasks, or you’re ready to take your business to the next level, it might be time to consider outsourcing. Contrary to what many small business owners believe, outsourcing is not just a tool for massive enterprises and...

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What Is a Franchise Disclosure Document?

What Is a Franchise Disclosure Document?

A franchise disclosure document (FDD) is a legal document that all U.S. franchises are required to provide to potential franchisees. FDDs are valuable tools that franchisees can use to determine the current state and outlook of the franchise before making a purchasing...

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5 Skills Every Franchisee Needs

When choosing between an independent business and a franchise, it’s important to evaluate your own skill set to determine which opportunity you’re more suited for. Although there is a lot of overlap between the two, there are also some unique talents that come in...

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Top Challenges Franchisees Face And How to Avoid Them

Top Challenges Franchisees Face And How to Avoid Them

Business ownership can be more challenging than franchisees expect. But with the right preparation, you can avoid these common issues and build a profitable, successful business.   Unrealistic expectations   Some franchisees mistakenly believe that launching...

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How Much Control Does a Franchise Owner Have?

How Much Control Does a Franchise Owner Have?

Some entrepreneurs are hesitant to invest in a franchise opportunity, because they want to be able to “be their own boss.” They see franchise ownership as more of a managerial position with little control or flexibility, where they are constantly answering to the...

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How to Market Your Business as a Franchise Owner

How to Market Your Business as a Franchise Owner

One of the biggest benefits of franchise ownership is brand recognition. Since your business’s brand is already established, you aren’t starting from scratch when it comes to marketing and advertising. In addition, your franchisor likely has national advertising...

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