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Knowing which franchises are a threat to your franchise network development requires diligence and the right information. You must know your competitors.

Having returned from a recent Multi-Unit Franchise Conference, I’m reminded how savvy and focused most multi-unit (MU) franchisees are.

Ego can be used to describe a person’s sense of self-esteem or self-importance. Synonyms for ego include pride, self-esteem, self-regard and self-respect.

Using data to validate your franchise opportunity provides a significant advantage over franchise competitors vying for the same investment dollars as you.

We talk to people all the time who are looking to invest in their first franchise. Our advice to these begins with key questions to evaluate the opportunity

To develop a top franchise, a franchisor needs to offer a financial opportunity for prospective franchisees with a minimum of risk.

As a business owner, responsibility for decisions begins and ends with me. Decisions I make today impact my business and ultimately my company’s success.

Franchising provides a great opportunity for you to own a business. It can enable a route to success, growing from one franchise to hundreds of franchises.

In some cases, a smaller system has certain advantages over large systems, for example more available territory and the chance to begin on the ground floor.

Quick! How many franchises can you name? More than likely, you thought of national franchises like McDonalds, Chick-Fil-A or Applebee’s.