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Franchise Industry Glossary of Terms ( A-F )

Advertising Fee - Advertising Fee is the annual fee that is paid by the franchisee to the franchisor as his share of the corporate advertising expenditures. This advertising fee is charged by few franchisors only.

Advertising Fund - Another continuing periodic payment to the franchisor that, like the royalty payment, can be a fixed amount or a percentage of gross sales.

Agent - An agent is an individual appointed ...

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Did Your Journey Start Here?

Did Your Journey Start Here? 

Many of us recall childhoods peppered with Sunday nights overcome with dread. As pangs of anxiety would set in as the weekend wound down, we lamented the inevitable start of another pressure-filled week of school. Sadly, the same doom and gloom plagues adults who are miserable at work. Are you still all too familiar with the Sunday night blues because you are unhappy in your current job? 

It might sound difficult to ...

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STEAM - Franchise Opportunities

Through its educational program that focuses on science, technology, engineering, the arts and math (STEAM), Challenge Island has been motivating children to dream big. Now, the franchise is bringing kids even more inspiration by introducing them to young professionals who are making strides in these career fields.

Challenge Island, which brings hands-on STEAM activities to kids in local schools, camps, and community organizations, has launched a free online series, “Hanging with the ...

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5 Steps to Becoming a Franchise Owner

There is a certain appeal to owning your business, but it can be daunting to open a storefront when you have no clout and no name recognition. Fortunately, there is a way to have your cake and eat it too, which ...

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A Great Chapter

Why Should I Invest in a Franchise?

People often ask us, “Why should I invest in a franchise?” We will give you the short answer now, and more details throughout this chapter. A 1997 Gallup study showed that 94 percent of franchisees consider themselves successful. Consider that this response is based on the franchisees’ def- inition of success, which would include achieving more of such things as:

• Money

• Time

• Work-life ...

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Make your 2021 Business Resolutions

Most people begin planning their resolutions in the days leading up to New Year’s (or even a few days after). But for business owners, resolutions should be planned and prepared for, especially if establishing stability, building a financial safety net, scalability and growth are on the list.

Not sure where to begin? Here are a few common goals for business owners

Build a cash reserve

Cash reserves are savings accounts that businesses build to establish a safety net in ...

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Is NOW a good time to start a business?

With the holidays approaching and the uncertainty of the Covid effects in our country, you may feel that it's not a good time to start something new. However this latest research and report shows that more than half agree that now is the time.

Entrepreneurial optimism rose for the third month in a row in October, as 60.6% of potential business buyers said that “now is a good time to start a business,” in responses collected Oct 24-26 2020, for the ...

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