Allegra in the News: Franchise Industry Highlights

You want to be in business for yourself, and you’re exploring owning a franchise business. Then you’ve obviously answered the “why,” e.g., to rescue you from corporate America, to leave a legacy for the next generation, to scratch an itch, but now you’re on to the “how”: What’s the process to get to Grand Opening?…

We’ll risk making a few assumptions as to why owning a B2B franchise business might appeal to you. In your Google searches you’ve learned that franchisors promote the size and demand of the market, the awareness and value of their brands, their comprehensive training and ongoing support, their fine-tuned operating model, and the benefits of…

What’s faster than the year gone by, more powerful than sticking to a New Year’s resolution, and able to improve your operating efficiency, especially if you’re an independent printer thinking about someday selling your business? It’s knowing the value of your business. Sure, you have an eye on sales and your arms are wrapped around…

The idea of starting your own business is a desirable long-term plan for many people. According to this article from the New York Post, 62% of Americans dream of owning a business. However, deciding to go into business by yourself is not a simple decision. Starting a new business from scratch requires, at the very…

The printing industry continues to experience growth in many areas despite the surge of paperless initiatives and the rise of online publications. While increased pressures in the print market have pushed towards a digital shift, the continued value of print advertisements for cross-media marketing campaigns, and the ongoing rise of manufacturers needing outsourced print solutions…

For three days in late October more than 30,000 practitioners across all segments of visual communications—from commercial printers to sign-shop owners—gathered in Dallas, Texas, for the inaugural PRINTING United trade show. A press release picked up by Printing Impressions declared it a “Megashow” and by all accounts—even by Lone Star standards—the trade show was a mega…

Those who begin to see the proverbial light at the end of the tunnel be it their retirement, the pursuit of another business opportunity or simply a desire to step away to do something different after umpteen years of ownership often ask themselves: Is there an opportune time to walk away? The best time to…

What can small businesses look forward to in the year to come? That’s an important question for many.  According to data from the Census Bureau’s Annual Survey of Entrepreneurs (2016), there are 5.6 million employer firms in the U.S. Companies with fewer than 500 workers accounted for 99.7% of those businesses while those with less…

So, you’ve acquired a franchise and achieved your dream of owning a business. Congratulations … with a qualifier. In most instances, you’ll also become an employer. In fact, Statista predicts that in 2018 over eight million people were employed by franchise businesses. A great many of your experiences with your employees will be favorable. You’ll…

While not universal, protected territories are common in the franchising industry. As noted in an article on Chron, more than 90 percent of successful franchises use the territory concept according to one study. The concept explained At first glance, many prospective franchisees endorse a protected territory. They believe that the larger their territory, the more…

If you’re interested in acquiring a franchise or at least exploring your options, you’ll be best served by learning the most important industry terms: Franchisee: A person (or couple) who purchases the right to operate a business under the franchisor’s brand name and system. Franchisor: The company that allows individuals to open and operate a…

While most entrepreneurs who buy a franchise usually don’t place “Create an exit strategy” in a top spot on their to-do list, many business owners who are nearing retirement sure wish they had!   Having an end in mind and at least a rough timetable of your future plans can affect how you operate your…