Dr. Robert A. Needham Founder and CEO of Collaborative Franchise Systems, LLC What Are You Selling? I am often asked, “Does my business qualify to become a franchise?” The answer is, “It depends.” Let us start with the basics. When you...
Before we discuss the 5 Challenges Facing Franchisors in 2022, according to the 2022 Franchising Economic Outlook published by the International Franchise Association (IFA) with data from Frandata, we discovered some interesting facts you will want to read: CHALLENGE ONE: Pandemics “During the pandemic, Congress...
On behalf of the entire team at Collaborative Franchise Systems, LLC (cfsfranchise.com) I want to thank all of our customers; advisors; vendors & suppliers that made 2022 such a great year. Here are 3 Reasons 2023 is a Great Year to...
With 2022 just over, we will need to wait awhile to know how good a year it was. Studies estimated that at least 15,000 new franchise units could be sold in 2022. 2020 and 2021, the pandemic years, were of...
As a veteran myself, I am always wanting to help those who have served. Recently I spoke at the Veterans Business Outreach Center (VBOC) Business Beyond The Battlefield Conference 2022, on the second day, in Arlington, Texas. Much was discussed about business...
I was born in NE Tennessee; we love simple humor (this product has a few moving parts – LOL). In an earlier article on CAGR, I discussed a simple franchise Success Profile for the buyer of a franchise that costs $250,000 or...
This is number 3 of a 4-part series on the franchise Success Profile. In this article, we will look at three concepts that fit this profile. If you recall the profile: low entry costs, high gross margin, low overhead, few moving...
According to a recent market study, in 2023, the franchise marketplace is projected to hit an impressive CAGR of 9.73%. What does that really mean for the average franchisor (seller) and the franchise buyer? The franchise marketplace is divided into...