When you’re running your own business, there will always be obstacles to navigate in order to succeed, but when you run a business with your family, a new set of challenges is layered on to typical trials and tribulations.

Offering lengthy royalty free periods to franchisees can show faith in current franchise partners, celebrate the brand’s success and give new franchisees a break when they are getting up and running.

Create and maintain positive publicity for your franchise brand.

Social sector franchising is at a formative stage for using franchise business know how to solve serious social problems for millions while creating entrepreneurial opportunities in the developing world.

Two common mistakes that franchisors make when reaching franchisee agreements are qualifying candidates that are under-capitalized and under-experienced. Evaluate your decision following five key steps to avoid making the wrong choice.

Put yourself in the best financial position possible, so you’re ready to hit the ground running.

Lasting franchise success requires an understanding of behavioral sciences.

Any growing brand will face a time when it lacks the resources to run processes with consistency, so lay the technology rails down early.

 

Competition for talent is heating up as jobless rates fall and more businesses vie for potential candidates. 

The day may come when a franchisor is judged by the profitability and satisfaction of its franchisees, and not by the number of units. It will be more difficult to measure, but more gratifying for all concerned. Perhaps that day is here.