Franchising requires an understanding of financial principles. Here's a breakdown of the skills you'll want to possess or develop.

Without knowing why you want to be a franchisee, you're going to have a harder time picking a franchise.

Three non-negotiable qualities make a franchisee stand out.

We'll explore three crucial aspects: operational focus, risk tolerance, and level of involvement.

Harness franchisor support, the SBA, local entrepreneur centers, your chamber of commerce, and online learning.

Learn five viable strategies for managing your personal finances while you launch your franchise.

Learn how to examine the franchise from two angles: the consumer's view and the investor's lens.

To prepare for a smooth transition, here are crucial financial questions to answer.

Franchise consultants can make your journey smoother, more efficient, and tailored to your aspirations.

Here's a blueprint to streamline your franchise launch, cutting down on wait time without cutting corners.

If you're eyeing franchising, here's why you shouldn't let these common misconceptions deter you.

See what it really means to invest in a franchise: your costs, your contractual commitments, and a franchisor's control.

Recognize the value of your experiences and use them as your strengths in your new venture.

Learn how to zero in on the franchise that matches your aspirations and financial timeline.

Learn how you can leverage your executive prowess to make a franchise side hustle work for you.

Bringing your spouse into the fold isn't just beneficial—it's essential.

The search for the "perfect" time to start a franchise is a common trap for many aspiring entrepreneurs.

Learn how to navigate the franchise due diligence process effectively.

The right franchise for you depends on your passions, goals, finances, and risk tolerance.

In choosing a franchise, the goal is not just to protect your financial investment, but also your time and energy.

Franchise fees and royalties each serve a distinct purpose in the relationship between a franchisor and franchisee.

Owning a franchise requires a real financial investment, delayed gratification, and a time commitment.

Many franchise candidates have asked me: Is there a rule of thumb for understanding ROI in franchising?

Learn who you should seek out, what questions to ask, pitfalls to be aware of, and how to use the advice you gather.

These questions will provoke thought and help you decide whether franchising is right for you.

Thinking of starting a franchise? Your friends and family are probably already asking you questions.

When you see daily headlines about a pending recession, it’s easy to get into the mindset that you should act on this.

About 70% of macroeconomists have predicted a US recession in 2022 or 2023. But is that necessarily bad for you?

Optimize your processes for hiring, onboarding and retaining employees. (Or find a franchise with finely tuned systems.)