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Posts from October, 2017

  • Starting a Franchise? Here’s What You Need to Know about Initial Investment and EBITDA As you prepare to franchise your business, one of the most important things you need to do is put yourself in the shoes of a prospective franchisee. Investing in a brand new franchise can be daunting. Will this new franchise survive or is it a fad? How much time will I need ... Continue Reading
  • The Top Elements of a Franchise Development Strategy for Emerging Franchisors Now that you have assembled your management team, set your goals, established access to capital, worked out all the kinks in your concept and done everything else to prepare for franchising, it’s time to think about how you will attract franchisee prospects. Here’s an idea ... Continue Reading
  • 4 Warning Signs You Should Be Working with a Franchise Consulting Firm Franchisors should expect their franchise brand to experience hiccups and hurdles along the way. It’s the nature of the beast. But, if any of them last for a prolonged period of time, it may be a signal that the business is in trouble. It may be time to seek advice from a ... Continue Reading
  • Why Barriers to Entry are Critical When Starting a Franchise You have a great concept and you’re ready to start franchising in order to grow your brand. But, how are you going to ensure that growth? There will inevitably be competition trying to grab their share of the market. If your concept is groundbreaking, you can count on ... Continue Reading
  • Ben's Soft Pretzels® Forms Advisory Board GOSHEN, IN – Ben’s Soft Pretzels has formed a new Advisory Board, leveraging the knowledge and experience of Winmark Franchise Partners and Faegre Baker Daniels law firm. The Advisory Board is tasked with assisting the Goshen, Indiana-based soft pretzel franchise with ... Continue Reading