Franchises come with many built-in advantages. But there are also some extra risks that you don’t get with a traditional small business. Good franchise accounting will help you avoid the pitfalls and make the most of the opportunities. Let’s start with the advantages A franchise is sometimes called a business in a box. It’s built…
Tip Tuesday: Questions to ask before becoming a Franchisee
Franchises are built on proven concepts, with market-tested products, and they often come with business systems that make admin straightforward. There’s a lot to like. But there are also risks to consider. Here’s how to check if a franchise is right for you. Franchise reality check A good franchise can take some of the guesswork…