If you have looked into purchasing a franchised business, or you are in the franchise industry at all, chances are you’ve heard the term discovery day. Each company’s discovery day will be executed differently, but the general idea of discovery days is exactly what it sounds like. It is a
It is very common for those interested in buying a franchise to be advised on what to ask the franchisor, and/or what to focus on within the company’s business model. But, what isn’t often stressed is learning and analyzing your own personal qualities before your sign on as a franchisee. Certain
Often large corporations can have a scary stigma of greed, selfishness, money hungry, no “think local” attitude, and a reputation of treating their team like hired help. Because of this, a lot of people shy away from getting involved in the corporate world, despite the financial and growth benefits that
Bigger service territories means greater growth potential. Often when you think of franchise locations, you think of multiple storefronts within a small service area. For example if you are an owner of a Subway franchise, it is common for another Subway to open within a few miles of yours. When it comes to