Thursday, September 19, 2013

Earning Potential of a Franchise: The Importance of Item 19

The Lofty and Powerful Item 19
Not every franchise organization can tell you what you can earn. Sounds rather strange doesn't it! The reason is quite simple. There are laws to protect you as an investor in a franchise. Read this insightful article on the advantages and how to interpret Item 19 in the Franchise Disclosure Document (FDD) from www.indyfranchiselaw.com:  Item #19 is also a time-saver, to be honest. Without this material, it might take prospective franchisees months to determine if a franchise is a good financial fit for you. Many franchises are capitalizing on this detail by providing high-quality earnings reports from the beginning to help you make a quicker decision. 


Top Home Based Franchises in Canada: Budget Blinds Reaches 101

Growth Opportunities in New Brunswick - Ontario - Quebec - Prince Edward Island - British Columbia
Full Article by Shawna Little: After twenty years in business, Budget Blinds has 775 franchises in the US and 101 franchises in Canada. With impressive numbers like these, they are able to boast they are the top window covering franchise in both the U.S. and Canada. But don't fret; territories remain available in many parts of the country.




Monday, September 9, 2013

Franchise Financing: How To Get Financing

Franchise Financing is Available
A lot of people looking to buy a franchise become discouraged when they see the price tag. Don't overlook the opportunities of two important factors: financing provided by the franchisor and financing provided by the franchisee selling their business.  Nearly 11,000 new franchise units opened their doors last year, the first gains the sector has seen since 2008. There are creative solutions out there so don't be shy, ask!

Saturday, September 7, 2013

Best Home Based Franchises - Top 500 in 2013

Budget Blinds in the Top 500
Looking for one of the best home based franchises around? Entrepreneur's Franchise 500 ranks Budget Blinds in the top! Founded in 1992 by five young entrepreneurs, Budget Blinds allows customers to shop at home for high quality custom window coverings while offering free in-home consultations,meticulous measurements, and professional installation.  Read more for start up costs, rankings, and support.

Thursday, September 5, 2013

Property Brothers Casting in Atlanta


Property Brothers Keynote Speakers at Budget Blinds Convention

This past January 2013, Budget Blinds was proud to have Drew and Jonathan Scott as keynote speakers at their convention.  The Property Brothers were quite impressed with the gathering of over 1,000 Budget Blinds franchisees in attendance.  Since then the Property Brothers chose Budget Blinds to do all the window coverings in their Reno home.

Property Brothers Home in Reno with 2" Faux Blinds by Budget Blinds
Currently, the Property Brothers are casting in Atlanta for their show! If you are looking for the perfect house but find they're beyond your price point and have resigned to buying a fixer upper you might be right for the show! 


Monday, September 2, 2013

Contagious: How Things Catch On

Jonah Berger Author
One of my all time faves! In a nutshell: People share what makes them look good! Jonah Berger, an assistant professor of marketing at the Wharton School at the University of Pennsylvania, is intent on giving readers advice about how to create viral products.  “Contagious” is at its most engaging when Mr. Berger is looking at specific case studies. He writes that Steve Jobs debated whether the Apple logo on the cover of an open laptop should be right-side up for the user of the computer or right-side up to onlookers, and eventually decided that “observability” to the world was more important and “flipped the logo.” He notes that distinctiveness makes for products that advertise themselves — whether it’s clothing logos (like Nike’s swoosh, Lacoste’s crocodile or Ralph Lauren’s polo player); the distinctive tubular Pringles can; or Christian Louboutin’s nail-polish-bright, red-soled shoes. Also see USA Today interview with Jonah.

Sunday, September 1, 2013

Buy "Hot" Franchises Without Getting Burned


Buy Hot Franchises Without Getting Burned

People look to buy a franchise business often want to know:
  • What's the franchise business failure rate?
  • What's the success rate?
  • How many franchisees are satisfied with their franchisors?
  • How many franchisees are earning at least $150,000 a year?
  • How many franchisees, if given the chance, would choose to buy their same franchise again?
It's a quick and easy read (70 pages). Easy to assimilate and apply.  No one should buy a franchise before reading this book!  Dr. Hayes presents the fundamentals of franchising in Cliffs Notes version with all the right questions to ask when doing your due diligence.  Hayes includes a 'Checklist' of questions to ask the franchisor.  This alone is worth its weight in gold.  I enjoyed the process of how to validate the franchise business by interviewing franchisees and vendors.  You can't imagine how helpful this can be! Available on Amazon.