When the new decade kicked off just a few months ago, I didn’t expect it to look like this. Just like 9/11 and the Great Recession, we will roll with the punches. As Napoleon Hill says, “Every adversity, every failure, every heartache carries with it a seed of an equal or greater benefit.” I’ve been asked a number of times over the past couple of weeks what will happen in franchising. Just like every other form of business, some won’t make it, some will struggle, and some wil

This is my favorite time of year, because we get to start a new chapter in our story. It’s not just a new year; it’s a new decade! Everyone want to know what the next hot concept will be, so here’s a snapshot of industries on a strong growth trajectory that still have a lot of room for great owners. Industries to Consider A frequent question I get is, “What franchises are out there besides fast food?” The answer is a lot – there are so many fantastic franchises that have noth

Nearly every time someone finds out I provide a free service to match people to franchises, they tell me they’ve considered or are considering buying a franchise. It’s such an intriguing venture, and everyone wants to know if they could make it work. And just like putting together a puzzle, franchise companies want to know if you’re going to be a perfect fit for their model. If you’re in the majority wondering if franchising is a smart move, here’s a quiz to evaluate yourself

At every level in the economy, people have a side hustle. Maybe it’s a little extra cash dog sitting or driving, a network marketing business, or investing. Here’s another alternative that an take your side hustle to your main source of income: Semi-absentee franchise businesses. What Is Semi-Absentee? Semi-absentee franchises are business models designed for a franchisee to operate while having another career or full-time obligations. It typically offers a lot of flexibility

Robert Kiyosaki’s book Rich Dad Poor Dad was one of the first business books I read. At 20 years old, it was shocking revelation that my way of thinking wasn’t the most effective for success. I’ve gone on to read several other of his books, and the Cash Flow Quadrant is one my favorites. The model is a great illustration of transitioning into franchising and the difference between owner/operator, semi-absentee and resales. The Cashflow Quadrant The Cashflow Quadrant is made u

I am frequently asked why I am passionate about franchising. Here's one of many: Corporate America was not made for me. And it probably wasn't made for you either. Here's a quick history lesson. In 1900, 50% of American's were self employed, but by 1977, the number dropped just to 7% of Americans. According to the Bureau of Labor and Statistics, self-employment is on the rise thanks to the side hustle like Uber, Grub Hub, and Amazon finishing at 33% in 2018. Why Do People Wan