Opinions expressed by Entrepreneur contributors are their own. Expanding your franchise concept internationally is a challenging decision. It can offer tremendous growth opportunities beyond your current home market. However, doing so prematurely can put undue stress on your system as you try to replicate your U.S. operations for a culturally different demographic while also managing…
When you think of the franchise industry, you probably think of two groups: franchisors and franchisees. But there’s a third group that’s just as important — the franchise suppliers. These are the service providers that help make it possible for franchisors and franchisees to succeed and thrive, by offering funding solutions, consulting, education, marketing, technology,…
Franchising can be one of the most effective ways to grow a brand — not just nationally, but globally. But growing outside the U.S. won’t be easy. Expanding into other countries and cultures creates unique challenges, including finding local partners and adapting to local tastes. The challenge is often worth it, though: Success strengthens a…
Veterans make up around 6% of the U.S. population, but according to the International Franchise Association (IFA), they account for around 14% of all franchisees. Why are veterans so well-represented within the franchise industry? Because they’re a perfect fit for franchise ownership, thanks to their leadership skills, ability to follow established procedures, and familiarity with…
Toward the end of each year, we at Entrepreneur always wonder: What will be the hottest franchising trends in the year to come? To answer that question, we consider what’s trending in the world at large, what types of businesses we’re seeing launch new franchise programs, which types of existing franchises are experiencing growth, and…
Opinions expressed by Entrepreneur contributors are their own. We all know that in every industry, there are good, strong, well-managed companies, and then there are some … not so good companies. This is also true in the world of franchising. The challenge can be knowing what to keep an eye out for — especially if…
Opinions expressed by Entrepreneur contributors are their own. The rise in artificial intelligence (AI) in the franchising world may seem like a fairly recent phenomenon, but it first began to have a noticeable impact on the industry five years ago. Since that inflection point, AI technologies have rapidly matured in areas like machine learning, data…
Opinions expressed by Entrepreneur contributors are their own. Your brand is more than your product or service; it’s a permanent first impression that builds on a series of associations, turning fleeting transactions into lasting relationships. In this article, we’ll explore a few best practices for crafting a brick-and-mortar brand experience that will help create lasting,…
