After selling his scientific instrument company, Ocean Optics, in 2004, Leeward Bean was enjoying his well earned retirement when two of his former employees lured him out of it to help them launch a new business idea. Read how the experience eventually led to the creation of the Big Frog Custom T-Shirt franchise.
In this interview, Leeward Bean discusses why he “unretired” to become the leader of Big Frog T-Shirts, how their technology makes them a cost-effective solution for their customers, and what it takes to succeed in as a Big Frog franchisee.
Franchise trade shows are the best way to see what franchises are available and to learn how to go about selecting, acquiring and financing a franchise. Ensure your time spent at one is a worthwhile investment.
Before you invest in a franchise, it’s essential to obtain and carefully review its Franchise Disclosure Document (FDD) to ensure the system you are considering investing in is strong as well as ethical. This article features a quick overview of what FDD Items entail and why taking the time to understand each one is worthwhile.
Franchisee satisfaction is a key indicator regarding the health of a franchise brand as well as whether or not it delivers on its franchisees’ expectations. Learn how you can get honest input from franchisees regarding the franchise you are interested in investing in.
Ask yourself these key questions to determine what your financial picture would be as a franchise owner.
Image One Facility Solutions’ franchisees greatly respect their brand according to a recent survey conducted by Franchise Business Review. The commercial cleaning brand’s franchisees gave it a 4.7 out of a possible 5 rating when asked, “I respect my franchisor”.
Overall Kona Ice, a tropical shaved ice franchise, has outperformed the food franchise sector by 26 percent according to Franchise Business Review’s most recent survey of franchise owners in the food and restaurant sector, particularly regarding its financial opportunity, which was rated 28 percent higher by its franchisees.
A recent survey by Franchise Business Review found that Pinch A Penny’s franchisees are exceptionally satisfied with its ongoing training and support systems, which is unusual in the franchising sector. 80% of Pinch A Penny’s franchisees rated the brand’s ongoing training and support systems as “very good” or “excellent,” compared to just 58% for benchmark.
Why are executives leaving high paying jobs with excellent benefits to open a franchise? The dream of achieving an improved work/life balance is a primary factor according to Lee Willwerth, who left a career in custom software to open a DreamMaker Bath & Kitchen franchise, Rochelle Carrington, who left a magazine industry sales career to…