Franchise Industry News

The Importance of Financing in a Franchise Business

Financing is a key factor in the success of a new franchise. Here franchise experts share their 3 most important rules to follow when considering franchise financing. Buying into a franchise requires a solid net worth, significant up-front financial investment and enough cash flow to get the business through the start-up phase. One of the most important factors to influence the success of a new franchise venture is ensuring you have made the right decisions when it comes to financing your new franchise. And, according to franchise experts All State Franchise Finders, these decisions need to be considered before you even look at what type of franchise you wish to buy into. Derek Cafferata, CEO and President of All State Franchise Finders, believes there are three very important rules to follow when looking to finance a franchise. Plan and Prepare Before searching out any financing for a new franchise, it...

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#MeToo: The Case for Female Entrepreneurs

The number of women in business is growing & the franchise industry is reaping the benefits. Women are finding their voice, standing up & stepping confidently into the business world. While stereotypes have traditionally placed men in the leading roles when it comes to business and leadership, women for a long time have played their role in both the corporate and private business sectors. As stereotypes fade and change, so do the statistics. Numbers are showing that 39 percent of private businesses in the United States are owned by females and franchising experts, like All State Franchise Finders, are seeing a rising trend in the number of women entering into the franchise industry, either as franchisors or franchisees. “Female entrepreneurs are becoming increasingly drawn to the franchise business model,” says Derek Cafferata, CEO and President of franchising experts All State Franchise Finders. “So much so, that some franchisors are seeing...

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2019’s Best Franchise Opportunities

Looking for a franchise opportunity in 2019? Industry experts All State Franchise Finders share their top 3 industries to consider. With franchises now diversifying into such a wide range of industries, it can be a little daunting trying to work out which industry offers the best track record, which one offers the biggest growth potential, or which is poised to be the next biggest craze. Franchise industry experts All State Franchise Finders offer their expertise on which are the best franchise opportunities of 2019. Gym and Fitness One of the largest franchise industries, the fitness industry is huge and continues to grow each year. With our society battling weight-related health issues like obesity, diabetes and heart disease on a scale like never seen before, across all age groups, fitness-related franchises are proving to be one of the best investment opportunities around. Mix this in with the holistic, hip, healthy eating...

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EB-5 Visa Program for Franchise Businesses

The EB-5 Visa Program offers immigrants permanent residency into the U.S. by investing in business. And franchising is proving to be the most popular investment option. The EB-5 Visa The EB-5 Immigrant Investor Visa Program has been providing eligible overseas investors to become green card holders, gaining permanent residency into the United States. In order to qualify for an EB-5 Visa, the applicant must invest a certain amount of money into a viable and successful business that employs a minimum number of employees. Applicants have two options when investing into a business that meets the criteria of the EB-5 Visa. Firstly, visa applicants can invest a minimum of $1 million to finance a business that will employ at least 10 American employees. The second option, and more popular option according to franchise expert Derek Cafferata from All State Franchise Finders, is to invest into a Targeted Employment Area (TEA). A...

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The Importance of Advertising in a Franchise Business

Advertising is vital for business. For franchisees, digital advertising is emerging as a pivotal aspect that is making some franchisees stand out above the rest. For small and medium businesses, digital marketing, anything Internet-based, was not considered a big player in the advertising world a decade ago. Now, it is a game-changer. Not only for big business but for everyone, especially franchisees. According to franchise expert Derek Cafferata of All State Franchise Finders, whether its website, Internet searches, social media, email or mobile, digital marketing is vitally important for any franchisee, no matter their size, location, territory or service industry. Reach a Huge Audience According to statistics, 22 percent of the world’s population is on social media, with the vast majority on Facebook. Ninety-seven percent of adults in the United States use social media. The average adult spends approximately two hours a day on social media, while teenagers are estimated...

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How to Choose the Right Franchise Business

With an overwhelming number of businesses to choose from, picking the right franchise can be daunting. Here’s some advice from experts All State Franchise Finders. Franchising is one of the most popular business models in the United States. Across a wide range of industries, with a variety of financing options and great business potential, many people of all ages, both male and female, are turning to franchising in order to gain greater job security, reach financial goals and create their ideal lifestyle. According to franchising expert Derek Cafferata, CEO and President of All State Franchise Finders, franchising is one of the best business models you could choose when wanting to be in business for yourself. However, he does warn that franchising requires careful due diligence and knowledge to ensure you pick the right franchise to suit. “One of the most exciting parts about my role is that I am able...

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Dubai’s Thriving Economy with Strong Appetite for Franchising

No longer reliant on oil, Dubai is leading the way with a thriving economy focused on tourism, technology & international investment. And U.S. franchises are winning. With a rapidly increasing population, currently more than 3 million, a Gross Domestic Product (GDP) in excess of $105 billion and one of the fastest growing tourism destinations in the world, Dubai’s economy is thriving and will continue its strong growth well into the future. Dubai’s Thriving Economy No longer dependent on oil, Dubai is leading the way in the Middle East for other nations to follow when it comes to diversifying, expanding and strengthening their economy. A commitment to building the most technologically advanced infrastructure within the region, and around the globe, Dubai is home to the region’s busiest international airport with the fourth-largest airline, the ninth-largest port, the world’s tallest building and the region’s largest shopping precincts. Not to mention the freeways,...

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The State of Franchising in the U.S.

Franchising has proven itself to be one of the most popular business models in the U.S. And experts are positive on its growth & potential for the future.  Current Franchising Statistics While the franchise business model has always been a popular choice for business owners and entrepreneurs throughout the United States, regulation changes, tax reforms and an upturn in the economy have led to significant growth in franchising for the eighth year in a row. The number of franchises is set to increase by 1.9 percent this year, up from a 1.6 percent increase in 2017. Employment figures are forecast to increase by 3.7 percent, after a 3.1 percent increase last year. And the franchising industry output is set to increase 6.2 percent, to an impressive $757 billion. “Franchising plays an important role in the U.S. economy,” says Derek Cafferata. CEO and President of franchising experts All State Franchise Finders....

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Will Franchising Flourish in a Recession?

In a recession, when job loss is a harsh reality, finding a new job is difficult and lenders are tightening up, franchising often gains momentum. When a recession hits, consumer spending tightens and many industries suffer in loss of turnover. This leads to companies cutting back, which usually equates to an increase in unemployment rates. Lack of job security, as well as the simple difficulty of finding a job opening during a recession, often forces people to make decisions they may not normally consider in a more buoyant economy. And it is in these times that franchising comes to the fore and shows off its true potential. Recession-Proof Industries When jobs are hard to come by, franchising can be a very logical and rewarding option for many people of all ages across a wide range of industries. To create your own job, work for yourself and be your own boss...

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Vision 2030: Master Franchising in a Thriving Economy

Vision 2030 outlines Saudi Arabia’s development into the future. At its heart, master franchising plays a pivotal role in this thriving economy. Vision 2030 for Saudi Arabia Vision 2030 is what the Crown Prince of Saudi Arabia has set out as the future for the Kingdom of Saudi Arabia. Crown Prince Mohammed bin Salman bin Abdulaziz is considered an influential and dynamic force behind the success of his father, King Salman bin Abdulaziz Al Saud in bringing about significant reform and development within the country. Vision 2030 is focussed on three main points. Firstly, it is about developing Saudi Arabia into a strong position as the heart of the Arab and Islamic worlds. Secondly, Vision 2030 is set to develop Saudi Arabia into a global economic powerhouse by encouraging and developing national and foreign investment in order to stimulate the economy and diversify its revenues outside of oil. Finally, Vision...

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Vision 2030 – The Power of Franchising in a Thriving Economy

Saudi Arabia has always been synonymous with oil. Now, with its ambitious Vision 2030 plan to become an economic powerhouse, franchising is reaping the benefits. With approximately 90 percent of its exports and 45 percent of its GDP being in oil, Saudi Arabia has always relied on its petrochemical industry to fuel its development and economy. However, the Saudi leader and its government are pushing hard to diversify its economy for strong and sustainable growth. The country’s Vision 2030 is set to cement its position as the leading nation, not just within the Arab and Islamic worlds, but also on the international stage as well. The Changing Face of Saudi Arabia – Vision 2030 While Saudi Arabia has always held an influential role in regards to oil supply to the rest of the world, the country has, for the past several years now, undergone significant changes on various economic, social,...

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Small Business Ownership and Low-Cost Franchising

Small business ownership need not be out of reach. With low-cost franchise options, owning your own business is now more accessible than ever. Many consider small business ownership to be somewhat of a dream that is all too often out of reach, requiring entrepreneurial skill, extensive business experience and a significant amount of money. And the same goes for becoming a franchisee. However, franchising is one of the easiest and most effective ways to becoming a small business owner. And if you know what to look for in a franchise, becoming a franchisee need not be a risky or costly venture. Insightful Statistics on Small Business Ownership According to the Small Business Administration (SBA), there were 28.8 million small businesses which represented 99.7 percent of all businesses in the United States, with a little under 1 million of these being franchises. More than half of these small businesses are home-based...

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Top 500 Franchise Brands for 2018

Entrepreneur Magazine’s Top Franchise 500 list is out for 2018 and, if you read between the lines, it shows some interesting franchising trends to look out for. Most Popular Franchises Taking a look at the most popular franchises for 2018, there is, yet again, a very strong presence from the fast food industry, with six of the top 10 spots taken up with some of the biggest names in franchising. Big-hitting names in franchising, like McDonald’s, Dunkin’ Donuts and Taco Bell. Another strong franchise group represented in the top 500 taking on the fast food industry is the salon industry. Great Clips, Sport Clips and Supercuts are all ranked within the top 15 best franchises for 2018. McDonald’s sits in the number one position for 2018. While this may not be any surprise to some, the company have done well to recover from their identity crisis which came to a...

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Franchising and Entrepreneurship – A Male Perspective

It is becoming more and more evident and accepted that being a successful entrepreneur in business has far less to do with whether you’re male or female and far more to do with your personality, your driving forces and your goals. Research continues to show that there are both similarities and differences when looking at franchising and entrepreneurship from a gender perspective. While franchising and entrepreneurship is currently a more male-dominated environment, this is changing and there is no difference in the success rates of male-run businesses and female-run businesses. Favourable Male Stereotypes Franchising and entrepreneurship tend to be viewed in a positive way as a masculine endeavour. The concepts of risk-taking, aggressiveness, drive, competitiveness, assertiveness and independence are stereotypically masculine traits that people associate with success in business. While these stereotypes are not based totally in fact, they do have some influence on those of both genders undertaking entrepreneurial...

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Franchising and Entrepreneurship – A Female Perspective

Franchisees & Entrepreneurs: Same-Same or Different? Much debate has gone into the question, are franchisees entrepreneurs? For many, including well-known franchise experts like Joel Libava, the answer is a clear no: The franchisee is not an entrepreneur, the original franchisor is the entrepreneur. Some even go so far as to say that an entrepreneur should not become a franchisee, that they should create their own business and franchise that. While that opinion may have been more the norm in the earlier days of franchising, like the 1970s and 1980s, attitudes and opinions are changing as franchising develops into the 21st Century. Successful franchisors of today often look to their franchisees for input into franchise direction and development. And while franchisees may not be risking their finances, time, effort and career on a completely new business, they are risking their finances, time, effort and career. Franchisees still have the same daily...

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