If you have thought about opening another franchise location, you may have considered taking on a partner. Know what to look for before you sign. A true partner Partners can help shape and strengthen the future of your business but taking on a partner can be a...
Year: 2018
Common mistakes new franchisees make
Singing a contract to become a new franchise owner can be an exhilarating experience that could offer many benefits if you have the right conditions. Many have often seen decades of success, but the less fortunate ones could see their efforts fall apart within a...
Succession planning for the next generation of franchise owners
Only 30% of family owned franchises will survive after the owner retires. Furthermore, it is estimated that only 10% of franchisees have succession plans in place. Do you have a plan in place for your children to take the reins once you retire?What is succession...
Female franchisees on the rise
Over the past year, a focus on women has spread nationwide, even making local waves here in New Jersey. While the dialogue mainly featured harassment topics, discussion of female empowerment in the workplace went hand-in-hand. Women deserve the opportunity to have...
What to do when the IRS audits your business
When reading the letter from the IRS alerting you of a business audit, it’s normal to get nervous. Even if you and your advisers had the best intentions when paying taxes, an audit can surprise you. You may start to wonder if an undetected miscalculation could...