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The recent movement in Seattle and other major US cities to raise the minimum wage has franchise owners rankled. It’s not just that they’ll have to pay workers as much as $15 an hour. It’s that franchise business owners won’t get the same grace period to raise wages that other small businesses will Read More

Crowdfunding is basically organizing the funds for a new venture or a start-up enterprise by arranging for small funding from a number of individuals or organizations. This is quite similar to an enterprise raising capital through issue of equity shares available to the public. In fact, crowdfundin Read More

Setting up an online shop allows you to run a 24-hour storefront. Whether you have a business that operates solely online, or you have both a brick-and-mortar and an online shop, getting a handle on the intricacies of online sales tax laws will save you a huge headache. Read More

Wheel of Fortune is a super-popular game show in the US. Pat Sajak, the host, is very recognizable. He's just become the spokesman-and partner, of a new franchise concept that's trying to take on Groupon. However... Read More

Here's the 2nd part of a two-part interview with Carolyn McClure, Senior Vice President, Midland American Capital, a purchase order financing firm. In this interview she gives the 411 on the difference between purchase order financing, Letters of Credit, and receivables financing. Read More

Here's the first part of a two-part interview with Carolyn McClure, Senior Vice President Business Development Officer (Midwest Region) of Midland American Capital, which is one of the few purchase order financing firms in the U.S. In this interview she discusses what purchase order financing is, h Read More

There are at least 3 things franchise brokers won’t tell you. I’ll reveal the first one in a moment.
But first, there’s something I need to share with any franchise broker who is reading this post, or the two blog posts that will soon follow.
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It’s your company—and you’re the one who has the most at risk, financially and otherwise, if it fails. But you’re also in the unique position of setting the tone for what will hopefully be a thriving business.

We asked 12 startup founders: How should startup founders calculate their own salaries Read More

I haven’t been able to locate a franchise business in the US that only accepts cash for products or services. And, I don’t expect to. Credit cards need to be accepted.
An interesting process takes place that enables franchisees to accept credit cards. Here it is. Read More