5 Important Insurance Policies for Franchisees

Posted on: February 22, 2018 by RMS Hospitality Group

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 […] Read More

Posted in: blog Franchise Select

The Pros & Cons of Franchising

Posted on: February 5, 2018 by RMS Hospitality Group

Franchising a business isn’t for everyone, as we discussed in our last blog. However, if you have clients who are financially capable, have a proven model of success and have the resources to do so, they’ll need to know the basics of franchising. Or, if you have clients who are interested in buying into a […] Read More

Posted in: blog Franchise Select

Restaurant Clients: To Franchise or Not to Franchise?

Posted on: January 29, 2018 by RMS Hospitality Group

As we continue on in the new year, some of your restaurant clients might share interest in franchising their business. Not every restaurant model is sustainable in franchise form, and their success depends on a few different factors. In this article, we’ll provide some key insights into what makes a franchise successful so that you […] Read More

Posted in: blog Franchise Select

Franchise Mistakes to Avoid: Not Hiring a Lawyer

Posted on: October 17, 2017 by RMS Hospitality Group

Franchise Ownership Pitfalls > Why Every Franchise Owner Must Have a Lawyer This series of posts has been dedicated to enlightening novice franchise owners on the crucial mistakes to avoid. First, franchise owners should understand that they are not independent business owners and do not have the freedom to do as they please. Next, a […] Read More

Posted in: blog Franchise Select

Key Franchise Mistakes: Assuming Security

Posted on: October 10, 2017 by RMS Hospitality Group

Franchise Ownership Pitfalls > Low Survivability Rates Buying into a franchise operation has plenty of perks. To start, the business is well-known and established and the groundwork has been done. However, this doesn’t mean that franchisors are guaranteed financial security and success. In this installment in our article series regarding key franchise mistakes, we’ll take […] Read More

Posted in: blog Franchise Select

Key Franchise Mistakes to Avoid: The Illusion of Freedom

Posted on: September 26, 2017 by RMS Hospitality Group

Franchise Ownership Pitfalls > Lack of Freedom In our last post, we discussed some of the pitfalls that new franchise owners encounter. While there’s always room for growth and learning, the misconceptions versus the reality of owning a franchise can be a deal breaker for many. In this article, we’ll explore the pros and cons […] Read More

Posted in: blog Franchise Select

3 Key Franchise Mistakes to Avoid

Posted on: September 13, 2017 by RMS Hospitality Group

Aspiring entrepreneurs who want to own their own business often look to franchise ownership. As a franchise is essentially a branded successful business that needs individual leadership, it’s a great stepping stone to future endeavors. However, the blind spots and potential challenges are enough to deter any potential owner unless research and preparation is done […] Read More

Posted in: blog Franchise Select

Selling a Franchise? Read This First

Posted on: February 14, 2017 by RMS Hospitality Group

As your clients are probably aware, owning and operating a franchise is a labor of love, and it’s a lucrative business. If they are considering selling their unique idea and becoming a franchisor, these tips should be considered beforehand to ensure the process runs smoothly. While many of these might be easier said than done, […] Read More

Posted in: blog Franchise Select

Franchise Social Media Tips: Beyond the Basics

Posted on: November 21, 2016 by RMS Hospitality Group

As most business owners are aware, social media is an essential component to a successful marketing strategy. While social media and content planning might defer a bit from an independent business, the same basic principles apply to be successful. Integrity, guidelines, policies and procedures, and brand uniformity must all be considered when posting on behalf […] Read More

Posted in: blog Franchise Select

Franchise Buying Tips for Entrepreneurs

Posted on: September 3, 2016 by RMS Hospitality Group

If your clients have decided to purchase their own franchise, they are not alone. This is a great opportunity for aspiring and existing entrepreneurs to get their share in a successful business model. However, buying a franchise is more than signing a check, and the following tips are listed to help guide your clients in the […] Read More

Posted in: blog Franchise Select