Home > Insights
By: A Staff Writer
Date: Mar 26, 2025
Accidental Entrepreneurs: Ruth Handler - Mattel, Inc. (Creator of Barbie) Ruth Handler was born in 1916 in Colorado, USA. She co-founded Mattel, Inc. with her husband Elliot Handler in 1945. Handler's accidental entrepreneurship began in the late 1950s when she observed her daughter Barbara playing ...
Read More...By: A Staff Writer
Date: Mar 12, 2025
Accidental Entrepreneurs: Gary Dahl - Pet Rock Gary Dahl was born in 1936 in Illinois, USA. He worked as an advertising copywriter and creative director before becoming an accidental entrepreneur. Dahl's accidental entrepreneurship began in 1975 when he jokingly came up with the idea of a pet ro...
Read More...By: A Staff Writer
Date: Mar 06, 2025
Franchising offers an appealing path to business ownership, providing a framework with established branding and a supportive network. However, the financial commitments involved in buying and operating a franchise can be extensive and sometimes surprising. Understanding the full spectrum of costs associated...
Read More...By: A Staff Writer
Date: Mar 05, 2025
Accidental Entrepreneurs: Ingvar Kamprad - IKEA Ingvar Kamprad was born in 1926 in Sweden. He showed an early aptitude for business, selling matches to neighbors at the age of five and starting a mail-order business selling various goods as a teenager. Kamprad's accidental entrepreneurship began wh...
Read More...By: A Staff Writer
Date: Feb 28, 2025
Detailed Overview of the Franchise Disclosure Document (FDD) The Franchise Disclosure Document (FDD) is a legal document mandated by the Federal Trade Commission (FTC) to be provided by franchisors to prospective franchisees. This document contains 23 items that cover various aspects of the franchise,...
Read More...By: A Staff Writer
Date: Feb 26, 2025
Milton Hershey was born in 1857 in Pennsylvania, USA. He apprenticed with a confectioner in Lancaster before launching his own candy business, which initially failed. Hershey's accidental entrepreneurship began when he discovered a recipe for caramel and successfully launched the Lancaster Caramel...
Read More...By: A Staff Writer
Date: Feb 21, 2025
In today’s fast-evolving business landscape, technology plays a pivotal role in shaping the success of franchising networks. For franchisors, leveraging advanced technological tools is not merely about streamlining operations but also about enhancing the support extended to franchisees. Here are various...
Read More...By: A Staff Writer
Date: Feb 19, 2025
Accidental Entrepreneurs: James Dyson - Dyson Ltd James Dyson was born in 1947 in Norfolk, England. He studied furniture and interior design at the Royal College of Art in London before embarking on a career as an industrial designer. Dyson's accidental entrepreneurship began when he grew frustrat...
Read More...By: A Staff Writer
Date: Feb 12, 2025
Accidental Entrepreneurs: Colonel Harland Sanders - Kentucky Fried Chicken (KFC) Harland Sanders was born in 1890 in Indiana, USA. He held various jobs throughout his life, including farmer, streetcar conductor, and railroad fireman. Sanders also operated a service station in Kentucky, where he began...
Read More...By: A Staff Writer
Date: Feb 10, 2025
In today's market, sustainability is not just a buzzword but a business imperative. Consumers are increasingly making choices that align with their environmental values, driving companies to adopt greener practices. For franchisees, incorporating sustainability into their operations can lead not only...
Read More...By: A Staff Writer
Date: Feb 05, 2025
Accidental Entrepreneurs: Steve Jobs - Apple Inc. Born in 1955 in San Francisco, Steve Jobs co-founded Apple Inc. in 1976 with Steve Wozniak and Ronald Wayne in the garage of his childhood home. Jobs's journey to entrepreneurship began when he dropped out of college and experimented with various ...
Read More...By: A Staff Writer
Date: Feb 03, 2025
Transitioning from owning a single franchise unit to becoming a multi-unit franchisee is a significant leap that can amplify profits and broaden your impact within the franchise network. However, scaling up involves complex challenges that require careful planning, strategic financing, and effective...
Read More...By: A Staff Writer
Date: Jan 29, 2025
Accidental Entrepreneurs: Sara Blakely - Spanx Sara Blakely, born in 1971 in Florida, worked various jobs before founding Spanx, including selling fax machines door-to-door and working as a Disney World ride greeter. Blakely's entrepreneurial journey began when she struggled to find undergarments that pro...
Read More...By: A Staff Writer
Date: Jan 25, 2025
Entering into a franchise agreement is akin to setting the foundations for a potentially prosperous business relationship. It's a complex document that establishes the terms under which franchisees operate, and franchisors provide support. Given the long-term commitment and substantial investment involved,...
Read More...By: A Staff Writer
Date: Jan 22, 2025
Accidental Entrepreneurs: Ray Kroc - McDonald's Corporation Ray Kroc was born in 1902 in Illinois. Before joining McDonald's, he worked as a salesman, selling paper cups and milkshake machines. Kroc stumbled upon the McDonald's restaurant in San Bernardino, California, in 1954 while selling milkshak...
Read More...By: A Staff Writer
Date: Jan 16, 2025
Effective marketing is the lifeblood of any franchise. It not only helps in building brand awareness but also drives sales and fosters customer loyalty. However, franchisees often face unique challenges in marketing, as they need to balance adherence to the franchisor's brand standards with the need...
Read More...By: A Staff Writer
Date: Jan 09, 2025
Embarking on a franchise venture is an exciting journey that blends the independence of entrepreneurship with the framework of an established business. For many, franchising offers a unique opportunity to run a business with the support of a proven system and a network of peers. However, diving into...
Read More...By: A Staff Writer
Date: Jan 08, 2025
Accidental Entrepreneurs: Richard Branson - Virgin Group Richard Branson, born in 1950 in London, showed entrepreneurial tendencies from a young age. He struggled with dyslexia but displayed a knack for business ventures, starting with a student magazine and a mail-order record business. Branson's en...
Read More...By: A Staff Writer
Date: Jan 02, 2025
Expanding a franchise internationally is an exciting venture that opens up vast new markets and opportunities for growth. However, it also introduces a complex array of challenges, from navigating different legal systems to understanding diverse cultural dynamics. Global Franchise Landscape Global franchising offers a path...
Read More...By: A Staff Writer
Date: Jan 01, 2025
Accidental Entrepreneurs: Levi Strauss, Levi Strauss and Co. Levi Strauss was born in Buttenheim, Germany, in 1829. In 1847, he immigrated to the United States to join his family's dry goods business in New York. Later, he moved to San Francisco during the Gold Rush era. Strauss stumbled into ent...
Read More...