Completely new to franchising and struggling to understand the lingo?

It helps to have a good idea of the terms and phrases you’ll be discussing with potential franchisors.

To give you a quick-and-easy reference to the world of franchising, we’ve created this go-to cheat sheet. Keep this guide handy when investigating potential opportunities you may be interested in pursuing, as you’ll mostly likely come across a few things you may not be familiar with. Read more

Choosing the right franchise to purchase can be an exhausting task, and securing a franchise loan can seem even harder––especially if it’s your first time franchising.

Drawing up a business plan, laying out your current finances on paper, and finding the best way to obtain a loan can seem like huge tasks. But understanding the process and what resources are available to help you along the way can make the loan process much clearer.

Whether you’ve found the right franchise opportunity or are still researching what you’ll need to make your goals of business ownership a reality, here’s an easy-to-follow step by step guide to securing a franchise loan to help you fund your venture: Read more

The Groutsmith is proud to support the men and women who have honorably served our country in the armed forces.

Over the past 13 years, roughly 2.4 military personnel have returned to civilian life here in America. Over the next four to five years, another million will make this transition as well.

Within this group, roughly 22 percent are either starting a new business on their own, buying into a franchise opportunity, or considering one of the two options.

This chart from VeteranOwnedBusiness.com shows how the number of businesses run by veterans breaks down from state-to-state:
Read more