How to Become a Franchise Owner: A Step-By-Step Guide

How to Become a Franchise Owner

Becoming a franchise owner is a process that takes planning, dedication, and due diligence. It involves a healthy dose of self-examination, research, asking good questions, and ultimately, making an informed decision that will give you the best chance at success and happiness.

While everyone’s journey to franchise ownership is different, those who find success in a business they enjoy typically follow a few basic steps, which we’ve broken down here one-by-one.

Whether you’re only just considering becoming a franchise owner or find yourself part-way through the process already, use this guide to ensure you’re checking all the boxes on the steps you need to take to make a truly informed decision about the franchise that’s right for you.

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How to Work from Home with Your Spouse

How to Work from Home with Your Spouse

Working with your significant other from a shared home office, when done right, can be a great way to enhance your relationship and share a personal and professional space together.

According to recent research, more and more people are working from home both full and part-time. A 2018 report from FlexJobs found that 3.9 million Americans now work from home at least half the time.

That trend is expected to continue to rise in the future. The same report found that hiring managers are forecasting that more than one-third of employees will work remotely in the next 10 years. Recent Census data also shows that more and more Americans are working from home each year. Read more

Starting a Handyman Business: Buy a Franchise or Start from Scratch?

Starting a Handyman Business

Handyman businesses are in high demand. Homeowners have less and less time to take care of home improvement work themselves, so more and more, they’re hiring professionals to do it for them. If you’re thinking about entering the market, this is the time.

The proof is in the numbers. As the economy rebounds, experts are forecasting significant growth in the already highly-profitable home services and maintenance sector. The global cleaning services market is projected to grow by 6.2% between 2016 and 2022. Within this market, floor care services, in particular, have seen the most revenue gains thanks to greater demand.

What this means: If you’re a handyman (or are thinking about becoming one), it’s a great time to enter the market with a business or franchise. In this article, we’ll look at the best of two ways to do it: buying a franchise or starting a business from scratch. Read more

7 Questions to Ask Before Buying a Franchise with Your Spouse

Questions to Ask Before Buying a Franchise

Thinking about buying a franchise with your significant other? Ask yourself seven important questions to determine if you and your spouse would make good business partners.

Couples are going into business together more than ever before. About 1.2 million Americans run a business with alongside their spouse. Companies like EventBrite, Modcloth, Panda Express and Gap were all built into major brands by married couples who found success both personally and professionally.

If you and your spouse share a goal of owning a business, the next step is, well, figuring out if you’re the type of couple that would likely work well as business partners.

The key to figuring that out is asking the right questions. Here’s seven of the most important, according to our very own spousal franchise owners. 

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Couples Working Together: Franchising With Your Spouse

Couples Working Together

About 1.2 million Americans run a business with their spouse according to a study from National Federation of Independent Businesses.

Obviously, spouses can and do make successful businesses partners. But if you and your significant other are thinking about becoming business partners yourselves, just about every successful business couple will tell you the same thing: it’s all about balance.

When you can strike this balance in your personal and professional relationship, you and your spouse can rightfully claim the ultimate title of power couple. But getting there takes diligence and some old-fashioned hard work.

As you might already know, there’s a lot of articles floating around warning couples against working together (usually written by those who haven’t made it work themselves). But our own franchise system and many other businesses prove these people wrong.

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