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Buying A Franchise Buying your own franchise is one way to break into the entrepreneurial ranks and become your own boss. Buying a franchise can be more expensive than starting a business "from scratch" but Read more...
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Tungsten Marketing Brands New One-stop It Franchise Small and medium size business owners will now have a name to call for help solving their IT service and repair needs... TeamLogicIT. The new franchise is the brainchild of Franchise Services, Inc., Read more...
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Great Home Based Franchise Opportunities Coming up with great business ideas can sometimes turn people off of starting a home based business, but there are great home based franchise opportunities that are available through established Read more...
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Franchises...if It Ain't Broke... If you have been searching for a franchise opportunity, undoubtedly you have run across many adjectives such as "unbeatable", "unparalleled", and "unsurpassed". Everyone thinks that their "people make the difference". Or that their technology is "cutting edge". They advertise that they are "innovative" or the "industry leader". In my opinion there are few new novel ideas. Most franchisors have a business model that is very similar to others. Very few are really very innovative. They have a twist on a proven business model which was designed and proven by someone else. For example, how many different types of coffee shop franchises are there? Everybody sees the success that Starbucks has had (sorry, they are not a franchisor). So, naturally it makes sense that there are many copycats. Another example is all of the pizza franchise opportunities available today (the only thing that is "cutting edge" about the pizza industry is the really cool knife that they use to cut the pizzas). But even a copycat can have a successful business model. Often times a franchisor will take a proven business model and add additional products or services. They will put a twist on it. For example, Maui Wowi is a Hawaiian coffee that also serves smoothies. While the coffee industry is very saturated with many players, the smoothie industry is largely untapped. While the two products may not seem to go hand in hand, it obviously works as Maui Wowi has 320 franchised units. An example of a really
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