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Blogs Contributor - Joel Libava

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Posts by Joel Libava

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  • If you're on the hunt for a franchise, one of the things to consider is equity. It’s something that is not usually top of mind with most franchise buyers. That’s because they’re considering several other things as they investigate opportunities that appeal to them. Like:The...
  • First impressions. They’re worth so much.In franchising, the first impression you get when you start to look at a specific franchise opportunity, dictates how far you’ll go with your investigation.  These days, it’s the franchise company website* that is often where people...
  • In the last blog we talked about deciding if a business is franchise worthy. The next step is the big one.It’s one thing to do market research on a business idea, it’s quite another to open your checkbook and put your money where your idea is.Here are a few things you’ll need to...
  • Do you ever have ideas for a new business running through your head? I do.Most of the business ideas I come up with nowadays are marketing-related. It’s probably because I own a business and I’m always thinking of ways to market my services and products.But, once in a while, I come up...
  • Bouncing your ideas off of others is a strategy that can and should be used before making any major purchase, like the purchase of a franchise business – especially because it’s easy to lose perspective when you’re focused on all of the intricacies that go into choosing and...
  • Lots of people who are interested in becoming franchise owners think that the way they’re going to find that perfect franchise … the way they’re going to “know,” will involve some type of mystical experience. Seriously, some of the people I’ve worked with over...
  • I’ve consulted with a lot of prospective franchise owners over the years. Just about every time I ask the question, “Are you ok with following rules?” the answer has been “yes.” That’s a good thing. Have you answered that question yet?Rule-Followers vs. Non-Rule...
  • If you’re seriously contemplating the purchase of a franchise, there may come a time in the process when you’ll need to consider stepping back for a bit.I’ve found that sometimes (especially when making major life decisions) it’s wise to put things on pause.That’s...
  • If you’re going to risk some of your hard-earned money and buy a franchise business, you’re going to want to know how much money you’ll potentially make as a franchise owner. I’m going to show you how to do it.Who to askThe best place to go for answers to your money...
  • Did you ever see the movie “A League of Their Own” with Tom Hanks? If not, you should. There’s a great quote in it, and it pertains to owning a franchise."Of course it's hard. It's supposed to be hard. If it were easy, everybody would do it. Hard is what makes it...

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