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RG2 Tip of the Month: 5 reasons why every franchisee should be part of a franchisee peer advisory group
Jun 6, 2012
A lot of you reading this are business owners, and I know that many of you already belong to a peer advisory group / mastermind group. Here are 5 reasons why every franchisee should be a part of a…
An Informed Buyer Results in the Best Purchase.
May 23, 2012
If you are thinking about buying a franchise, you must also be willing to do the homework for a great investment. Signing on the dotted line should be preceded with lots of inquiries and research to ensure that you are…
Why owning a franchise could be the perfect second career for baby boomers!
May 1, 2012
There are many people who reach the age of retirement but are not quite ready for the lifestyle of retirement. For these people who like to stay active, involved and are possibly not ready to part with the work world,…
Multiple Franchise Locations Has Its Benefits
Mar 27, 2012
One of my favorite franchise investment strategies is to present to my clients the idea of multiple locations or territories. Most of my clients initially come to me because they are uncertain about the choices available within the franchise investment…
Is Funding For My Franchise Investment Coming?
Mar 13, 2012
It appears the economy is finally beginning to rebound! After working with several clients over the past few years to creatively think about financing to obtain the perfect franchise business investment, the latest statistics from the research firm Omega performance…
Franchise Models – Whats Hot and Whats Not in 2012
Mar 7, 2012
As an industry professional, I am often asked what franchise models are growing quickly. According to a recent study by Business Alliance Inc, some franchises expect to be hot items during 2012 while others appear to be fizzling out. As…
Is the time right to own a franchise? Is there ever the right time?
Feb 22, 2012
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Franchise Checklist
Feb 15, 2012
Ensuring that you have all of the information that you need to make a great investment in a franchise is critical for your success. When reviewing your options, it is helpful to have a checklist to review to make sure…
This Is Great! Personal Advantages to Franchise Business Ownership
Jan 25, 2012
Often, a common question from potential franchise investors and entrepreneurs is related to income potential. While I completely understand the logic behind this question, the question I rarely hear is “What are the personal advantages to owning a franchise business?” …
I can write that off? Tax Deductions Available to Franchise Owners
Jan 11, 2012
As 2012 begins to settle in, I continue to hear from my clients “How much will I make as a franchise owner?” I have a small love/hate relationship with this question. There are certainly financial benefits related to the actual…
What Drives People To Currently Invest In a Franchise?
Dec 28, 2011
A recent survey conducted by Franchise Direct, a website designed to help investors identify franchise opportunities, uncovered some interesting facts behind the decision to invest in a franchise. The survey was conducted over three months with 335 participants chiming…
Credit Can Be Found When Starting a Franchise
Dec 21, 2011
With larger banking institutions becoming increasing strict on lending to small business owners, the federal government is stepping in with Small Business Administration (SBA) loans. This fiscal year, the agency’s two main loan-guarantee programs have already exceeded a record-high $18.4…
How Big Would You Like To Grow?
Dec 7, 2011
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“Operation Enduring Opportunity” Helps Put Veterans Back To Work
Nov 23, 2011
As thousands of veterans are returning from war overseas, the need to create jobs for this population continues to grow. On November 10, 2011, The International Franchise Association, in conjunction with White House Joining Forces initiative, announced “Operation Enduring Opportunity”,…
The Latest Franchise Trends Steer Towards Environmental Issues
Nov 15, 2011
As environmental concerns continue to grow, more “green” companies are beginning to emerge. This is great news for the environmentally concerned that are looking to invest in a franchise as an alternative to employment. Two specific industries are seeing incredible…
Can I Afford a Franchise?
Oct 24, 2011
Before investing in a franchise business, it is common to ask yourself “Can I really afford it?” Franchisors are not required to provide earnings reports so performing your own analysis with your franchise consultant is a critical stage in your…
Internet Consulting, Rapid Growth is Expected
Oct 12, 2011
It is amazing to think that fewer than twenty years ago, the internet had little to no effect on our daily lives. In today’s market, you cannot have a successful business without at least a basic internet presence. As the…
The Joy of Business Ownership
Sep 28, 2011
I recently asked my LinkedIn world “What is the most enjoyable aspect of owning your own business?” The answers were very educational. Of course the top answer was flexibility of schedule. But business ownership can also reward in other ways.…
A Cup of Joe Please!
Sep 12, 2011
A recent study conducted by Franchise Direct is showing great things within the coffee franchise industry. It appears that the coffee franchise sector is weathering the recent economic storm as people continue to rush for to…
New Legislation Could Help Our Veterans Invest in Franchises
Sep 12, 2011
As we recognize the ten year anniversary of the 9/11 attacks, veterans are top of mind with us at RG2 Consulting. With over 100,000 veterans returning to the work force over the next year, the franchise world is working hard…
SBA versus Conventional Loans
Aug 24, 2011
As franchise investors continue to get creative with funding options, it is important to understand the distinctions between SBA loans and conventional loans. SBA (Small Business Administration) loans are backed by the U.S. government, providing a guarantee to the bank.…
Good News on the Credit Front
Aug 10, 2011
According to a recent report by Thomson Reuters/PayNet Small Business Lending Index, borrowing by small business owners is up almost 25% in June from the previous year. This news coupled with an overall decline in small business loan delinquencies is…
Franchised Health Care
Jul 20, 2011
As the health care debate rages on, people continue to look for optimal medical care services. What’s not debatable is how important quality and easily accessed health care is to all people. Franchised health care helps alleviate much of the…
Red Flags When Researching A Franchise
Jul 6, 2011
Choosing the right franchise to invest in can be challenging when faced with all of the information available. When researching franchises and handling your due diligence, here are a few signs that the franchise may not be a good investment…
An Easy Investment: Why Buy A Franchise
Jun 29, 2011
Investors know the clear and obvious reasons why buying a franchise makes sense: proven business plan, established reputation, loyal customers, and business start-up support. If we look even deeper, we’ll soon find there are even more indicators of why investing…
Youthful Franchising
Jun 22, 2011
Young investors feel safe starting their businesses online, door to door, or from their home. However, safety can also be found in franchising thanks to reputable companies with a large clientele. Young business men and women with an eye towards…
Women in Franchise
Jun 15, 2011
Opportunity knocks as more women gravitate towards franchise investments. Low start up costs, variety of franchise options, and ability to fit their business into an already busy life attract many women to franchising. Women leave established lives and careers to…
Making Money? Do Your Research
Jun 8, 2011
As more investors take the leap into franchise entrepreneurship, they do so with eyes wide open. Along with their franchise consultant, these business people comb through information on prospective companies. Understandably, investors want to know how much of a profit…
Franchise Dynamics
Jun 1, 2011
Many entrepreneurs come armed with passion and business sense. Business minded people who venture into the franchise world, see the possibilities in adopting proven business models. They know how to do their homework and are in touch with a franchise…
Veterans In Business
May 25, 2011
The Small Business Administration reports that one in seven veterans run their own business with a 50% increased likelihood of becoming entrepreneurs than the normal work force. With International Franchise Association offering VetFran initiatives, veterans can receive a 25% discount…
Economic Season Enters Spring
May 18, 2011
Nobody needs reminding of the economic woes in years past. What we need is the good news and here it is! According to both the US Labor Department and National Employment Report, unemployment fell to a two year low of…
Natural Boss
May 18, 2011
A percent of the population was born to lead. This sector has big ideas, passion, strength, and a preference to be their own boss. With the vision and determination to see it through, these folks make excellent business owners. Confidence…
Fitness Encourages Growth, But Not in Pant Size
May 4, 2011
Solid Business Models Fitness franchises have existed since the early 1930’s, when Vic Tanny opened the first gymnasium. With a long history of success, these established business models easily flex as new fitness needs and innovations emerge.…
Franchise Funds
Apr 27, 2011
Lenders have tightened their belts and upped the ante on determining credit worthiness, creating a problem for borrowers looking to invest in franchising. As the economy begins to climb back up, borrowing will become easier. In the meantime franchisee hopefuls…
Franchising Offers Job Growth
Apr 20, 2011
With an estimated one in eight jobs coming from franchise companies, it makes sense to look optimistically at franchising options. Steve Caldeira, International Franchising Association President and CEO, points out, “Franchising, if properly financed, can be a catalyst to…
Franchises are Looking Good
Apr 13, 2011
Franchises are becoming more attractive investment with the “buy local” trends of our current economy.
Advantages of Buying a Franchise
Apr 6, 2011
Investing in a franchise can offer many benefits over starting a business or purchasing an existing business.
The franchise decision: home-based or brick & mortar?
Mar 31, 2011
With such a wide range of business models and franchised industries, which one do you pick? To help you answer this question, read some pros and cons for brick & mortar and home-based business models:
Franchise Investing: 5 Must Do’s to Increase a Return on Investment
Mar 30, 2011
Here are a few areas you should examine before investing in a franchise from Ruth Garcia of RG2 Consulting.
Homework You Care About
Mar 16, 2011
A franchise investment is especially important to research so be sure to do your homework. Choose a franchise business specifically tailored to fit your needs, interests, finances, and skills to maximize your enjoyment in its ownership. But where do you start?
Baby Boomers! Senior Care Opportunities
Mar 9, 2011
The first of these boomers are now approaching retirement age and the senior care industry is poised and ready to help out.
Pet Care Franchises Thrive
Mar 2, 2011
Never underestimate the pet care industry. With pet owners putting as much time, attention, and money into their beloved animals as first time parents, business is booming.
Foundation of a Good Relationship
Feb 23, 2011
Explore the company’s history including the people behind the business, speak with other franchisee owners, and read the franchise disclosure document (FDD).Explore the company’s history including the people behind the business, speak with other franchisee owners, and read the franchise disclosure document (FDD).
Communicating For Success
Feb 16, 2011
Successful franchisors practice these tools when assisting new franchisees:
Finance Your Franchise
Feb 9, 2011
Franchise ownership may still require bank loan. Think about your business plan.
Is a franchise in your future? Take the time to make sure it’s a good fit
Feb 7, 2011
It is important to work through all information received in order to be able to make an educated decision about an opportunity, and a lot of time will be spent on benchmarking information received from the franchisor in the market as well as doing additional research on market feasibility, competitors and company positioning within its industry.
Franchise Stats Show Upward Trends
Jan 26, 2011
Results are in from Census Bureau, asking about franchises for the first time.
Look For a Connection with the Franchisor
Jan 19, 2011
Connecting with the franchisor is critical during the franchise validation process.
For Many Small Business Owners, Franchises Are The Answer
Jan 12, 2011
Your options are no longer limited to restaurants and carpet cleaning. And the benefits to having a franchise can make all of the difference in a down economy.
