Blog

What is Franchising?

Franchising is being in business for yourself, but not by yourself. As a franchise owner—also known as the franchisee—you own the business and must follow the system and rules set out in your franchise agreement with the franchisor. What is the role of the franchisor? The franchisor must provide...

Top Traits of a Successful Franchisee

Owning and operating a franchise business is a difficult yet rewarding career but it’s not for everyone. Before investing in a franchise, it’s essential to determine if there’s a good fit between a specific franchise and your skills, aptitude, and interests. But even before you do that, it’s a...

10 Questions to Ask Yourself Before You Buy A Franchise: Part 2

In Part 1 of this series, you read about the 5 questions that can help you decide if you’re the right fit for a franchise business. Now it’s time to discover what questions you must consider about the franchisor before signing on the dotted line. Are the other franchisees...

10 Questions to Ask Yourself Before You Buy A Franchise: Part 1

Investing in a franchise isn’t a decision to take lightly. And if you’re new to franchising, you may be overwhelmed by the information you find. That’s why we’ve put together this 2-part series about the questions every potential franchisee needs to consider before entering into a franchising agreement. Part...

How to Become a Hand & Stone Franchisee

If you’re interested in becoming a Hand & Stone franchisee, it’s important that you get to know us, and our culture, and that we get to know you too. Each successful franchisee goes through the steps outlined in this article—and you’re already on the first step! Self-study Running a...

What is the Hand & Stone Franchise Culture?

Starting and running a franchise business is a big commitment. As a franchisee, you invest your time, money, and ongoing effort—plus some heart and soul. That’s why it’s important to consider the culture of any franchise you’re interested in. To have a rewarding career in a franchise business, there...

Franchise fees and costs to consider

Here is a list of the most common investment required to own a franchise: Franchise Fee Furniture, fixtures & equipment Leasehold improvements Lease deposits Other deposits Franchise training Travel expense Supplies Advertising and brochures Grand opening advertising Initial national fund contribution Inventory Pre-opening staff costs Working capital until breakeven...

Ten keys to success

Ten Keys to a Successful Franchise Making any business reach its full potential takes talent, and ensuring that your customers are always satisfied isn’t that easy.  If you’ve selected your franchise well, your franchisor will be able to help you avoid many of the mistakes new independent start-up businesses...

What is a franchise advisory council?

Many systems have a franchise advisory council (FAC), which is a committee of franchisees who provide input to the franchisor on ways to improve the system. The name given to this committee may vary from one brand to the next, but the underlying principle of a panel of franchisees...

Can you franchise your own business?

What do you look for to determine whether your business can be franchised successfully?  That all depends on your business.  One size does not fit all.  The following are some general criteria that you need to look at. Do you have a unit prototype? If you don’t have an...