Franchising 101

  • ABC’s of Franchising: Goals

    “People with goals succeed because they know where they are going.” – Earl Nightingale If you are looking into franchise opportunities, chances are you are pursuing a goal. Maybe it’s a goal of being an entrepreneur, or perhaps it is to be your own boss, create greater work/life balance , or to ...
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  • The Franchise Disclosure Document

    A thorough review of the Franchise Disclosure Document (FDD) is a crucial step in the due diligence process when evaluating a franchisor. A typical FDD can be hundreds of pages long. While this may seem daunting, be sure to read the entire document. Maybe even consult a franchise lawyer, and make ...
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  • Experience

    What experience do I need to run a particular franchise? Should I have experience in the industry of the franchise I am considering? These are important questions to ask yourself when considering investing in a franchise. However, the answers are not always clear cut. People come into franchising ...
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  • Differentiation

    Differentiation is important to the success of any brand. In the crowded landscape of business, attracting the right customers is essential to your bottom line. When you are considering investing in a franchise model, consider how well that brand distinguishes itself from other concepts in the same ...
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  • Why is My Market Closed?

    At times, there is no availability in the preferred market for some potential Sport Clips Haircuts franchise candidates. Careful thought and consideration go into determining when and where to grow the brand, along with a strategy focused on responsible and sustainable growth . Priority is given to ...
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  • What a Franchisor's FDD tells you about Its Company Culture

    A company’s culture is a differentiator because it is something unique to the organization. When researching a brand to invest in, it is important to delve into the culture as it will give you an idea of what your relationship with the organization might look like. The shared set of values and norms ...
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  • Why are Sport Clips' Financial Requirements So High?

    We get asked this question a lot. Sport Clips Haircuts values transparency so we are happy to provide some background information about our process. We are very intentional about setting our franchisees up for success. Ninety-nine percent of our stores that were open for any period of time in the ...
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  • Franchise Buyer Beware: Working with Franchise Brokers

    What you should know before working with a franchise broker There are more than 3,000 franchise opportunities available in the U.S. alone. Sorting through them all to find the right match can seem overwhelming, especially if you are not familiar with the franchise space in the beginning. For this ...
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  • Alignment

    The first step in making a successful franchise investment is to determine whether the business model is a good fit for you. This can be determined by looking for alignment in three key areas: your personal and financial goals , your skill set, and the franchise offering. If there is alignment in ...
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  • Deciphering Franchise Rankings

    The abundance of franchise rankings available in the industry can be a bit overwhelming. This is especially true for someone trying to use this information to help make the life-changing decision of deciding which franchise to invest in. So far this month, franchise rankings have been released by ...
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  • Part 2 Going Deeper in Validation: How Item 20 Insights Can Improve Your Sport Clips Validation Process

    Part 2 Going Deeper in Validation: How Item 20 Insights Can Improve Your Sport Clips Validation Process Buying a franchise is a big decision. It is important to make it an informed one. Knowing the right questions to ask is a good place to start when beginning any validation process. Franchise ...
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  • What To Expect When Attending Discovery Day

    Attending Discovery Day is an important step in making an informed decision about whether to invest in a franchise. The main purpose of these events is to provide validation and affirmation. Having done your due diligence up to this point, Discovery Day is a chance for you to see the entire ...
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  • Continuity Rate: One of the Most Important Numbers to Understand When Evaluating a Franchise Opportunity

    When considering investing in any franchise opportunity, the brand’s continuity rate should be a big factor in your decision. This metric is a key indicator as to the health of the franchise system and whether it is a system worth considering. While rapid growth can be a positive sign, having ...
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  • How the Sport Clips Discovery Process Helps Candidates Prepare for Success in Franchising

    One of the foundational elements to a solid franchise system lies in its franchisees. The franchisee selection process is an essential building block in that foundation. Having closed an average of fewer than two stores a year over the last six years, we have identified key characteristics that help ...
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  • Why Franchise?

    Opening a business takes a lot of hard work. Stepping out into ownership is a big responsibility that comes with a great deal of risk. But what if you didn’t have to do it alone? What if you could have a safety net? Investing in a franchise gives you the benefit of belonging to a larger ...
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  • Five Things Potential Franchisees Should Do Before Signing

    Due diligence is crucial when deciding to buy a franchise. No one knows that better than Pete Lindsey. Twenty-four years ago he began his career as a franchise owner. Today, he is Vice President of Franchising at Sport Clips Haircuts. From owning a single business to helping thousands of people ...
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  • Three Types of Franchise Ownership

    Buying a business franchise is one of the most trusted ways for you to venture into business for yourself. You have the backing of an established brand and an accompanying network of resources. A successful franchise model will provide you with well-documented systems, a strong support team, and a ...
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  • Franchise Rankings: A Consolidated Approach

    There are several high profile franchise rankings out there purporting to whittle down the thousands of business ownership opportunities down to a manageable “best franchise opportunities” list. Some focus on fast growing franchises or franchisee satisfaction, others on sustainability and brand ...
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