Franchising is considered one of the most successful business models in the world, thanks to its efficiency. It’s the reason why concepts like McDonald’s, Subway, 7-Eleven, and Planet Fitness surged into prominence and became titans of their respective industries. However, with so many franchised businesses in existence, one must ask: “When did franchising begin?” The…

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Developing your business into a franchise is a monumental decision that can open many opportunities with potential to start a journey in generating substantial wealth. However, if it were easy to franchise a business, then every business would be a franchise! That’s why it’s important to identify several aspects of your business that will indicate…

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No one expected living through a global pandemic. Since mid-March, the world began taking precautions to reduce the spread of the coronavirus, primarily with social distancing and the shutdowns of many industries. This has resulted in the temporary and permanent closures of hundreds of businesses across the nation, especially those that were started from scratch.…

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Since the states of Washington and Colorado legalized marijuana for recreational and medicinal consumption back in 2012, experts watched as a brand-new industry sprouted into the economy, brimming with potential to be one of the most lucrative in existence. Eight years later, more states have followed through with legalization, resulting in hundreds of dispensaries opening…

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Want to learn about the history of franchising? Keep scrolling and check out this awesome infographic we’ve designed for you! We’ve researched the history of franchising from it’s early days all the way to franchising in 2018. Learn about the first franchises in recorded human history. See how these early business arrangements influenced the commercial…

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My guest in this episode is Hossein Kasmai.  A world leader in the franchising business, Hossein Kasmai teaches others how to put this business-building strategy to work for them. Hossein has extensive experience in the field of franchising, founding many franchise concepts of his own including Guard-A-Kid, founded in 2005.

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When purchasing a franchise business, there are a couple of fees that you should expect to pay. Typically there is an initial fee usually referred to as the Initial Franchise Fee.   In addition to this, there is normally a recurring fee that is typically due weekly or monthly.  This fee is referred to as the…

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