Did you know… A well known franchise fact is that a name change can lead to better business. 7-Eleven used to be called Tote’m because some of their stores had Alaskan totem poles at the entrance. The name was changed when the company introduced a new working schedule...

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As the COVID-19 pandemic continues to challenge businesses in all sorts of new ways, some have been able to do exceptionally well considering the circumstances. Whether these companies sell products that are well-suited to this new environment or have adapted with a...

The other aspect of what franchising enables you to do is to expand geographically, as I mentioned before, with a lower risk profile in areas that you may have not done so before. So if it's within one location, there's significantly more risk if things take place...

Did you know… The real boom for the franchising industry came during the baby boom era. World War II was over, the world was getting back on its feet, and people needed lots of new products and services. This gave rise to a string of new franchises throughout the...

“Our direct competitors are currently doing 65% of their business in drive-thrus. Along with online ordering and delivery, the drive-thru is essential right now.” ~ Jeremy Biser, executive vice president of Roy Rogers (in August 2020) The drive-thru. Consumers have...

Overall, I believe that if it's done correctly, and in the appropriate framework, that it lowers your business risk, let me explain how that works.  Well, one of the things that significantly increases risk is having to increase your debt. So when you look at what...

Did you know… The urban legend about Coca-Cola containing cocaine is real. The original formula that the company founder’s came up with contained two medicinal ingredients: coca leaf extract and kola nuts. It’s difficult to say how much cocaine was used in the...

My wife, Robyn and I love travelling around our great state, Western Australia, doing more exploring, camping and getting as much out of life as we can. We love to do this. We have organised our business and our lives so there is no time limit in how long we travel or...