Franchise Select

19
Feb

Franchising: The Greatest Challenges

For those looking to step into or expand their reach in the world of franchising, the opportunity is nothing short of exciting. The idea of starting and profiting from a successful franchise business can get the creative ideas floating, but this should come with plenty of caution. While it’s exciting to think about, it’s important to look at the challenges

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15
May

Best Practices for Avoiding Franchise Fraud

As a business owner or entrepreneur, taking on a franchise business can be enticing. From fast food to coffee to car washes, franchising offers up the opportunity to build and grow a portfolio with a lot of potential for growth. And with the opportunity to operate independently, the idea of franchising becomes even more attractive. However, every business endeavor comes

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8
May

3 Methods to Communicate and Work Well with Your Franchisees

When it comes to franchising, communication is the key to building a strong relationship between parties. But communication isn’t as simple as just having a conversation. Franchises can be spread out throughout your city, your state, country, and even the world; think about the global reach of places like KFC and SuperCuts. With the potential to have a far reach

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1
May

Franchise Operations: Tips for Success

For business owners considering buying a franchise restaurant, whether it’s a baked goods shop or chain of hamburger stops, there are plenty of things to consider. Fast food, or fast-casual dining, is one of the biggest categories when it comes to franchising and can always find a way to turn a profit in good times or in bad times. But

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19
Sep

What Kind of Insurance Does a Franchise Need?

Franchise restaurants, especially fast-food spots, are constantly on the go. A big key to business is to provide service efficiently, but to not sacrifice quality. If this happens, this could lead to disgruntled patrons and possible legal issues surrounding health concerns. What’s more, franchise owners who handle multiple locations have a lot on their plate with many moving parts. This

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12
Sep

Franchise Marketing Strategies: The Good and the Not-So-Good

Having a strong marketing message is vital to franchises looking to strengthen their customer base while enticing new customers to buy into what they’re selling. However, some false steps in a plan could completely derail your potential and goals of reaching new customers and clientele. Before anything gets underway, it’s also important for franchises to look at hospitality insurance like

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29
Aug

Understanding the Rules and Regulations of Being a Franchisor

Owning a franchise operation always sounds like a great investment for businesspeople looking to expand their franchise footprint. Franchises initially present a great opportunity with a baked-in concept, business plan and marketing operation already in place. But before business owners take on this entrepreneurial endeavor, they have to go over some particular rules and regulations. Federal license and tax obligations

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15
Aug

The Hidden Liabilities in the Franchisor and Franchisee Relationship

For franchise owners or would-be franchise owners, there’s plenty to factor in when looking to take on new business. But before you plan for a new franchise expansion, it’s important to look at the various legal aspects. Franchisee business offers a great opportunity for business owners and entrepreneurs. However, without covering your liabilities, the level of risk only rises. Franchise

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22
Feb

5 Important Insurance Policies for Franchisees

Owning a franchise is similar to owning any other business, but with some unique benefits and downsides. On the positive side, when buying into a franchise, a lot of the groundwork has already been done, so franchise owners are able to take some of the more difficult tasks associated with opening a business off of their plates right off the

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COVID-19 UPDATE:

At RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time. Contact us today!