Welcome to July’s Tubz Vending roundup, your one-stop spot for franchising news, editorials and information from across the world wide web. This month we’re finding out why marriage and franchising can be surprisingly similar, meeting successful US franchisor Gordon Logan and making sure your entrepreneurial spark doesn’t get in the way of smart business decisions!
Why is Franchising Like a Marriage?
If this question sounds like it’s leading up to a punchline to you, you’re going to be sorely disappointed. According to blogger James OBrien at Executives Online, franchising really is like a marriage, from courtship and the Big Day, through to rocky patches and growing old together.
With wedding season well and truly upon us, we couldn’t think of a more appropriate blog to kick off our July round up. Great stuff which will make you look at franchising opportunities with very different eyes!
Franchisor Profile: Gordon Logan, Sport Clips
It’s always inspiring to hear from established franchisers who have been there, done it, got the t-shirt and kept succeeding. Although a US based site, About Money is packed with interesting reads for franchisers and franchisees alike, including regular franchisor profiles, like this fascinating insight into Sports Clips Haircuts – a US wide franchise started by Gordon Logan in the early 90s, today boasting over 1300 stores in the US and Canada.
As you’ll learn, success hasn’t always come easily to Gordon, from embezzlement by staff members, to bankruptcy, his path to franchising stardom has been paved with obstacles and problems,. But with a whole lot of determination, Logan has created a strong, nationally recognised franchise. Read more about how he did it on the About Money blog.
Franchising: Considering the Legal & Financial Issues
If you have an entrepreneurial spirit, you’ll know just how easy it can be to get carried away with a big idea. The more you think about it, the more enthused you get, the more enthused you become, the more excited you are about it – and all of a sudden you’ve lost sight of the big picture and the crucial little details.
A firm handle on a potential franchise’s financial options and legal issues is absolutely essential when you’re considering buying into a business. Keeping a cool head as you appraise these options is a must if you’re serious about investing your time and money in a project you want to see flourish and succeed. That’s why this blog from FranchiseWorks.com is a very useful “cool down” read. If you’re excited by a new prospect, read this and start approaching your opportunity with your head not your entrepreneurial heart!
Do you struggle to zero in on the nitty gritty when you’re excited about a project? Which franchisor inspires you? Let us know below or email your thoughts and opinions to the Tubz Vending team at: info@tubzbrands.co.uk
