Chris Knows Franchising

05/18/2020

It's not all bad news when it comes to the current pandemic as it relates to Franchising. Have a read about these positive impacts the virus has had on the franchising industry.

Five Positive Impacts The Pandemic Has Had On Franchising - With nearly a million franchise establishments in the U.S., COVID-19’s impact on franchising has been huge, and not just in negative ways. Franchising has already seen many positives come out of the crisis. Optimists by nature, franchise leaders have moved mountains in record time to keep their businesses alive and to support their franchisees. Many have innovated and discovered better ways of doing things. New concepts and ideas have emerged. The franchise community has stood up to help each other and the heroes on the front lines. In the coming months, we will surely see even more positive changes, but the following have already become clear.

Full article:

Optimists by nature, franchise leaders have moved mountains in record time to keep their businesses alive and to support their franchisees.

05/15/2020

How Franchisors Can Help Their Franchisees Get Through the COVID-19 Pandemic

Whether you are a franchisor or a franchisee, your business has almost certainly been impacted by the COVID-19 pandemic.

If you are in a select few essential industries such as cleaning, disinfecting, or staffing, you may be experiencing a surge in demand. However, for other franchises in the restaurant or fitness industries, you are likely experiencing a reduction in customers or a total loss of business and possibly even closures right now.

Read full article:

There are many ways how franchisors can help their franchisees get through the Covid-19 pandemic. Call us today to learn more about your options.

05/14/2020

This is a great read, really applies to what we are currently experiencing. Contact me with questions!

Buying a Franchise Post-Pandemic - Many great franchises are struggling. The problem isn’t their business model; it’s the current pandemic conditions. Companies not providing essential services are shut down. Some that remain open aren’t profitable. These circumstances are temporary, but for many franchisees, the aftermath will be permanent. Some won’t survive. So what happens to those businesses when the quarantine ends?

Full article:

At some point we'll be able to return to work, and it's essential that we get businesses reopened when that time comes.

05/13/2020

Just a quick post hoping that everyone is staying safe, happy and healthy! We may be living in challenging times, but this too shall pass and will only makes us stronger!

Have a wonderful rest of the week!

04/18/2020

As if you needed and more incentive to become your own boss and own a business, this article talks about some of the top reasons to buy a franchise.

Buying a franchise can be a life-changing experience. Make sure it's a positive experience by doing your due diligence before signing a franchise agreement. A properly designed and executed franchise system can be an exceptional method of expansion, but franchise systems that are poorly designed or not well managed are to be avoided. Below are the top ten reasons to consider investing in a franchise.

Continue here:

Buying a franchise can be life-changing. Make sure it's a positive experience by doing your due diligence before signing a franchise agreement.

04/16/2020

While no business is recession proof or resistant to bad economic times, there are some businesses and franchises that historically, do well in these times.

Experts will vouch that no franchise is recession-proof and outcomes aren’t guaranteed. But with due diligence and strategic planning, you can embark on an entrepreneurial venture during these challenging times with confidence and be optimistic that when the economy turns, it will be in your favor.

Have a look:

Thinking about buying a franchise? These 20 recession-resistant franchises are not only outperforming now, but are poised to generate returns well after the long-awaited economic recovery arrives.

04/14/2020

While this is an older article, it actually hold a great deal of meaning to what is currently happening in the world. Have a read...

It's no secret that people are losing their jobs-it's an epidemic. These talented people are simply victims of our current economic circumstances. Jobseekers won't find many attractive employment options in the market today, and this may be the situation for quite some time.

As an alternative, many people are looking into buying their own franchise. In tough times like these, it's essential to focus on franchises that produce good results in bad market conditions. Though no business is truly and absolutely recession-proof, a number of industries seem to thrive--and you should focus your research efforts on them. Here are some helpful examples of industries to look into...

Full Article:

They're out there, and ready for you to take the reins.- Entrepreneur.com

04/10/2020

Why Franchising Is a Good Choice for Your Business

If you are considering expanding your small business through franchising, it can be a very exciting time. There are many advantages to the franchise model, which will expand your brand to a wider audience, with new talent, and use other people’s capital. Franchising also minimizes the risks of your growth model, but care needs to be taken while developing the plan to enhance those benefits while also avoiding the risks that come with each of them.

Read full article:

Considering franchising your business? Learn why it is a good choice.

04/08/2020

Why You Should Buy a Franchise Instead of Starting Your Own

Very few people have the natural ability or expertise to be efficient at all aspects of running a successful business. That is where the franchisor’s experience comes into play.

Franchise organizations offer a structure for launching, operating and growing a business. Indeed, the successful franchisor will deliver the entire framework around which the business is built. Franchisors usually create comprehensive operations manuals and training programs for their franchise owners that cover marketing, operations, accounting, technology and other areas that are specific to the particular business model. These efficiencies are designed to enable franchise owners to earn more and spend less time and effort than otherwise would be required to open and operate a similar business on their own.

Continue reading:

Hoping to be your own boss? One franchise expert outlines the plus side of buying a franchise

04/06/2020

Happy Monday to All! We hope that everyone is staying safe and healthy during this global crisis we are facing. Most of you are probably stuck at home with the kids while we all do our part to avoid social interactions and practice safe social distancing. all in an effort to . In the meantime, with all this time on your hands, now is the best time to consider Franchising and how it can absolutely change your life! Want to know more or simply discuss some options, give me a call today! I'd be happy to talk to you about Franchising. Until then, stay healthy, happy and safe!

02/21/2020

KFC Enlists RoboCop to Protect Secret Recipe in New Campaign - A little humor for you this morning.

KFC -- back at it again with the eccentric Colonel Sanders incarnations.

In the past, the fried chicken chain's founder and mascot has been portrayed by comedian Jim Gaffigan, WWE star Dolph Ziggler, actor Vincent Kartheiser and a whole host of others. But in Kentucky Fried Chicken's newest ad campaign, Colonel Sanders is brought to life by none other than RoboCop -- yes, the droid police officer portrayed in the dystopian 1987 film of the same name. The character in the ad is voiced by Peter Weller, the original RoboCop actor.

The newly-minted "RoboColonel" appears in a few different ad spots. In one video, KFC hires RoboCop to protect the chain's famed secret blend of 11 herbs and spices by safely transporting it to an underground bunker in Switzerland. Other ad spots include RoboCop demanding a family to comply and try KFC's $20 Fill Ups meals; answering a question about the secret recipe with, "If I told you, then I'd have to kill you"; and scanning the streets for fried chicken and hungry consumers.

We'd buy that for $20. (My editor assures me, a RoboCop noob, that this is a good joke.)

02/19/2020

5 Recession-Resistant Franchise Sectors You Should Consider During an Economic Downturn

We are certainly enjoying prosperous times!

The United States Economy is experiencing a boom that may end up the longest in history. Unemployment levels are near record lows while the stock market continues setting record highs. People are working and spending. Businesses are profiting and expanding. It's a terrific time to be a player in the U.S. economy.

Unfortunately, all good things do come to an end. That includes this period of prosperity, which began in June of 2009 and could become the longest run of prosperity in the country's history if it holds on until July 2019. Experts disagree on how soon the eventual downturn will occur, but there is no denying that it will. It always does.

Full article:

Invest in an industry that can withstand an economic downturn.