Blog & News
Franchise Disclosure Document: What to Look for When Reviewing an FDD
Franchise Disclosure Document: What to Look for When Reviewing an FDD by Aaron Cady, Vice President, Franchise Development, Home Franchise Concepts Congratulations on reaching the level of your due diligence into franchising, where you can review the most critical document in the process, the Franchise Disclosure Document (FDD). Over my 17-year career in franchising, I’ve […]
December 1st, 2023 | Franchising 101
Starting Your Dream Business: The Very First Steps to Take
Many Americans dream of owning their own business; the concept is so deeply ingrained in our nation’s psyche that it has been simply called “The American Dream.” Being your own boss represents freedom, independence, and the opportunity to shape your destiny. Yet, many aspiring entrepreneurs never make this dream a reality. There is no doubt […]
November 15th, 2023 | Franchising 101
Franchise Research: All Inclusive Guide to the Best Opportunities
For many aspiring entrepreneurs, the path to business ownership leads to franchising. It’s a compelling choice, given the proven business model and operational support that reputable franchisors provide. But not every franchise is a good investment. Some companies are better than others, and even a great opportunity might not be the right one for you. […]
November 1st, 2023 | Franchising 101
History of Franchising: When and How It All Began
History of Franchising: When and How It All Began The dream of entrepreneurship, of being your own boss and shaping your destiny, has always been a powerful one. Franchising, in particular, holds a unique appeal. It combines the excitement of entrepreneurship with a proven system, established brand recognition, and ongoing support. To truly appreciate the […]
October 27th, 2023 | Franchising 101
8 Common Franchise Mistakes to Avoid
8 Common Franchise Mistakes to Avoid Buying a franchise can be a great way to start a business, but as with any investment, there are no guarantees. The question “how many franchises fail?” is hard to answer, but research by the Franchise Brokers Association estimates the franchise failure rate may be as low as 20% […]
October 5th, 2023 | Franchising 101
Evaluating a Franchise Opportunity in 7 Steps
Considering the leap into entrepreneurship? Dreaming of being your own boss? The world of franchising offers a remarkable gateway into making that dream a reality. With so many opportunities available, it’s crucial to be well-informed when selecting a franchise. Properly evaluating a franchise opportunity does more than let you know if it’s a good investment […]
September 28th, 2023 | Franchising 101
Disadvantages of Franchising and How to Overcome Them
The dream of owning a business, of being your own boss, is a vision shared by many. It’s a vision that signifies freedom, control, and the opportunity to turn your passion into a livelihood. The prospect of entrepreneurship offers various paths, each with its unique appeal: starting a business from scratch, acquiring an established business […]
September 1st, 2023 | Franchising 101
Franchising Statistics: What’s the Rate of Success?
If you’re thinking about franchise ownership as a way to make a better life for yourself, you’ve likely been researching franchise success statistics. What makes a franchise successful? What percentage of franchises fail? These are questions we discuss with potential franchisees at Home Franchise Concepts, and we have some insight to share with you when […]
August 27th, 2023 | Franchising 101
Franchise Business Plan: How to Effectively Write One
You’ve probably heard the saying, “If you fail to plan, you plan to fail.” If you are thinking about entering the world of franchising, you first need to craft a solid business plan. A business plan is a formal written document that outlines your goals and describes how you plan to achieve them, while allowing […]
August 12th, 2023 | Franchising 101
Painting Franchises: Are They Profitable?
While the pandemic was a tough time for many businesses, it actually had a positive impact on the home improvement industry. Homeowners began spending more time in their houses due to lockdowns and restrictions, and many decided they needed more comfortable, functional, and esthetically pleasing environments. Some remodeled, some redecorated, and some simply painted. According […]
July 22nd, 2023 | Home Services Industry
