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Franchising

What Is a Franchise and a Franchisee in Business?

Multiple types of business models can help bring a business concept to life. Franchising is often one of the more popular business models considered, since it builds on an existing brand trusted for its value. As such, new owners can quickly access customer recognition and loyalty. These guided investments present budding business owners with many […]

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Franchising

How Much Does a Franchise Owner Make?

If you’re looking for your next business opportunity, you may wonder, “How much does a franchise owner make?” The short answer: $117,039 per year.  However, actual earnings vary. The franchise type and industry matter. Just as your investment level, location, and involvement influence success. For some, that success comes because of franchisor support. So, many […]

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Business and Strategy

How To Become an Entrepreneur: 8 Practical Steps

In 1967, a war veteran working at a menswear store decided to try entrepreneurship. Not satisfied with men’s clothing during that period, he decided to make more colorful clothing, something he would enjoy wearing. To start, he designed a line of ties. He went from store to store selling his designs. Encouraged by the $500,000 […]

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Home Inspection Industry

How Much Does It Cost to Become a Home Inspector?

Home inspection is often considered a small business that one can embark on with minimal startup costs, but how low do they really go? While home inspection roles may have affordable entry costs, it’s important to consider the required certifications and time needed to acquire them. Home inspection is a field involving various specializations, each […]

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Franchising

Licensing vs Franchising: What’s the Difference and Which Is Better?

Are you looking to start a new business and have the capital to get started? There are many business models and structures to consider, including licensing and franchising opportunities. This guide will help you explore these two options. Both offer advantages. However, you’ll want to find the best business move for you. To do so, compare […]

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Business and Strategy

What Is a Good Business to Start?

Are you considering starting a business but unsure which business is best for you? There are many variables to think about, not to mention the uncertainty surrounding evolving trends, business and industry-specific risks, and long-term sustainability, among other considerations.  So, what is a good business to start, and where do you begin? This guide will help […]

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Business and Strategy

Be Your Own Boss: A Guide to How to Be Self-Employed

Have you ever thought to yourself, “Wouldn’t it be nice to be my own boss?” You’re not alone. The freedom to set your own schedule and duties offers flexibility and control that you simply can’t achieve as an employee of another company. The appeal of that freedom has led to a shift in the economy […]

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Franchising

Franchise Financing: A Beginner’s Guide to Funding Your Franchise

You have always dreamed of running your own business but find yourself hitting the same roadblock: “How can I afford this?” For aspiring entrepreneurs like you, franchise financing can help with the upfront costs of launching your franchise and provide the crucial bridge to operate your business in the first year.    This article will […]

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Business and Strategy

The Top 5 Most Profitable Home Service Businesses to Start in the US

Most people dream of becoming their own boss and starting a successful business at some point. Few actually take that leap and turn their dreams into reality. Perhaps the main reason is that they’re not sure what type of business to start. It’s easy to make a list of things you’d like to do, but […]

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