Franchisees and franchisors should be collaborators. A relationship should benefit you both financially, and you should think of yourself on equal footing. Unfortunately, however, it doesn’t always end up that way. There are a few minefields that potential franchisees may encounter during the sales process. By interacting smartly with the franchisor, you’ll be better able...
Tag: Franchises
Creative Marketing Wins From 12 Franchise Businesses
A good marketing effort can yield all kinds of returns: More sales, more customers, more followers, more customer engagement, or maybe more employee engagement — which then translates to more customer engagement. Franchises are small businesses, after all, so the best marketing efforts often involve in-the-know, out-of-the-box thinking on what will resonate most in a...
These Emerging Franchises are Poised to Grow in 2025
Want to spot the hottest new trends in franchising? You need to look in a pretty wonky place: the Franchise 500 categories. Here’s why: Each year, as we create our ranking, we organize every franchise brand by category. Some categories are simple and expected, like Sports Bars/Pubs. But every year, as new kinds of franchises...
The 5 Fastest-Growing Franchises of 2025
Every year, as we scour the data from the Franchise 500 rankings, we notice some brands that are making big moves. Sometimes they come out of nowhere, having never ranked before. Sometimes they ranked lower last year, and jumped over a hundred spots — proving they’re doing something worth paying attention to. So we chose...
How to Build a Franchise Money Machine
When I first met the founders of Buffalo Wild Wings, it was 1991 and they had about six locations. They wanted me to try everything on the menu, so we went to the biggest table in the house and began ordering. The wings were hot. But the business potential was hotter. I’m a franchise consultant....
When I Became President of KFC, Franchisees and Corporate Hated Each Other. But I Believed This Behavioral Theory Could Bring Them Back Together.
In 1994, I became the president of Kentucky Fried Chicken. It was a big job, and I was excited. But when the news got out, I got more calls offering condolences than congratulations. I understood why. KFC had been struggling. It hadn’t achieved its business plan and had no same-store sales growth for seven straight...
How an Idaho State Senator Saved a Beloved Franchise By Hitting the Road In His Camper Van
Peter Riggs saved Pita Pit once. But can he do it twice? Two decades ago, Riggs was a student at the University of Idaho and loved his local Pita Pit. After graduating, he and some friends bought a few franchises in California, and then asked for a development agreement for the whole state. Instead, the...
Her ‘Fun’ Side Hustle Became a Multimillion-Dollar Business
This Side Hustle Spotlight Q&A features Melissa Tavss, founder and CEO of boozy ice cream business Tipsy Scoop. The company has three brick-and-mortar barlours in New York, ships nationwide through Goldbelly and is expanding nationwide with franchising this year. Responses have been edited for length and clarity. Image Credit: Courtesy of Tipsy Scoop. Melissa Tavss,...
4 Takeaways For Franchising From the RNC
Opinions expressed by Entrepreneur contributors are their own. Kicking off hours after an assassination attempt on a presidential candidate, the Republican National Convention took on heightened significance this year. In my role as President and CEO of the International Franchise Association (IFA), I traveled to Milwaukee for a policy roundtable entitled “Franchising, the American Dream,”...