The Franchise Partnership Puzzle: Avoiding Disillusion

The Franchise Partnership Puzzle: Avoiding Disillusion

The modern franchising model can be traced back to Isaac Singer, founder of the I.M. Singer and Company, manufacturer of sewing machines.  Singer and his business partners sold rights to businesspeople who were interested in selling his sewing machines within specific geographical areas. This system served as a win-win for both the company and the businesspeople that […]

Fear: leverage it to achieve your dream of business ownership

Fear: leverage it to achieve your dream of business ownership

Fear is a natural protective response, especially when you are about to experience something you’ve never experienced before. Fear of the unknown can keep us safe because it forces us to evaluate the situation before moving forward.  While fear can keep us safe, if the perception of fear is not managed and assessed rationally it can also […]

Navigating The Road To Franchise Success

Navigating The Road To Franchise Success

There are many reasons an entrepreneur chooses to engage in business with a franchise as opposed to going out on their own. Just like personal relationships, most franchisees are drawn to a franchise because they like how the brand looks and feels. Maybe it was the brand marketing that caught their eye. Maybe it was an experience […]

Questions to ask before you purchase a Franchise

Questions to ask before you purchase a Franchise

When investigating franchises to purchase it is vitally important you ask the right questions to representatives from the brand. Here are seven questions to keep in mind when conducting due-diligence on franchise opportunities: 1. What makes your brand better than the competition? – As a potential franchisee and business operator you need to know and […]

Thinking About Owning A Franchise? Do Your Due Diligence Before Committing

Thinking About Owning A Franchise? Do Your Due Diligence Before Committing

Owning your own business is a dream many people have. The freedom to be your own boss and to control your own destiny is a strong lure, especially in an ever-changing business environment where loyalty and commitment seem to be a thing of the past. There are many reasons people decide to step out on their […]

Big League Networking

Hello Badge

Networking can be overwhelming and your mind can be racing with questions: What events should I attend? Are they a good use of my time? What do I say? What do I want to achieve? Networking can be used to find a new job, drum up new business, but successful networking all starts with a […]

Structuring your business as a Franchise

Business Map

A number of studies have been published to compare the success rate of independent small businesses to franchises; such as 2012 study from FranNet which claims “91% success rate for franchises, 42% higher than typical small businesses” (Yahoo). The International Franchise Association (IFA) has published studies which state “90 percent of franchisees renew their contracts […]

Evaluating Investment Opportunities

Investments

As Romeo’s Pizza and Pizzafire have been accelerating in growth we have had the opportunity to structure alternative investments for a number of individuals. The appetite of the investment can be drilled down to 3 points.  The answer to these three points are a necessity when considering the investment. 1. Evaluating the Leadership Team “Leadership is the […]

Motivate your staff

Ideas

The most important factor in scaling your restaurant from one unit to multiple units is the staff.  There is a tremendous need in the restaurant industry for professionals who buy into the process, develop their staff, and grow sales. The days of expecting clock punchers and “you should be thankful for just having a job” are […]

Disciplined Innovation

Business Graph

How creative is your company? A 2010 study of 1,500 CEO’s indicated that leaders rank creativity as the No. 1 leadership attribute needed for prosperity. It’s the one thing that can’t be outsourced; the one thing that’s the lifeblood of sustainable competitive advantage. Hyper-growth companies such as Zappos, Groupon, and Uber credit a culture of […]