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Showing posts from December, 2019

Jim Laganke: Tips to determine the success of a franchise business in your city or town

Now that you’ve decided to buy a franchise business, you might have already shortlisted a few options to invest in. Maybe your preferred franchise business is well-established and gaining humongous success in other cities or towns. But it's not necessary that you will get the same response from your city as well, says Jim Laganke . This is why it is advisable to do some research work before signing any agreement papers. According to the owner of a famous restaurant chain, Stewart’s All American , in the US, you need to know what kind of businesses are there in your city and neighborhood. This will give you an idea of whether you’re investing your hard-earned money in the right place or not. Here are some of the things you need to consider to determine the viability of a franchise in your city. Does your city already have this type of franchises or independent businesses? Let’s understand this with an example. If you’re planning to invest in a coffee franchise, you need to know al

New year resolutions for budding franchisees in 2020

2020 is around the corner, and it's that time again to make new resolutions. Most people might have already started preparing their things-to-do-list for the next year. These resolutions usually vary from getting fit to involving in a hobby and working hard. However, a lot of people might be thinking to quit their 9 to 5 jobs and shaping their careers in a different direction in the New Year. If you’re one of them, investing in a franchise business might be one of the best decisions. If you’ve already set up a franchise outlet or planning to open a new one in a few days, first of all, congratulations! Indeed, this is an exciting time in your life, but you can easily get caught up in daily errands. It’s a tradition to form resolutions before you begin a New Year, says Jim Laganke . Franchise owners are no exception. In fact, these resolutions will help your business grow better and gain more profit. Below Jim Laganke, the president at Stewart’s All American , explains some of the i

Jim Laganke: Why is New York the best place to start a franchise business?

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Everyone should strive for new goals. It is one of the best ways to protect yourself from economic funk. Today, most people are looking for opportunities to be their own boss by starting a business. However, starting a business from scratch is not an easy task and it brings a considerable amount of risk. Therefore, a franchise business is the most suitable option for those who don’t want to do 9 to 5 jobs. But according to Jim Laganke , certain factors play an important role in the success of a franchise business. The place where you open a franchise is one of those. As per the Small Business Administration (SBA), NYC has  4 million small business employees and 2.1 million small-scale companies that make up more than half of the private workplace. The economy in New York takes the third position in the United States. Do you know even one of the leading food franchise business Stewart’s All American has an outlet in New York City? If you want to open a franchise business , below Jim