{"id":177304,"date":"2024-04-25T12:53:43","date_gmt":"2024-04-25T12:53:43","guid":{"rendered":"https:\/\/businessyield.com\/?p=177304"},"modified":"2024-05-01T12:58:14","modified_gmt":"2024-05-01T12:58:14","slug":"underrated-strategies-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/","title":{"rendered":"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>I am sure you are already familiar with the term &#8220;entrepreneur,&#8221; but funnily enough, this term includes a lot of things. You may decide to start a business from scratch, purchase an already existing business, or become a franchise owner.\u00a0This article is for entrepreneurs who wish to open a franchise, I will be showing you some of the most underrated strategies that I really think have helped people close to me in their journey as entrepreneurs.\u00a0Although several people go into the franchise business, very few people are aware of the underrated yet highly effective strategies that can make their business a success.\u00a0So, in this article, I will be discussing and unveiling the often overlooked strategies and approaches that can set entrepreneurs apart from the competition, providing valuable insights for those eager to make their mark in this ever-changing industry.\u00a0<\/p><p>Key Points<\/p><ul class=\"wp-block-list\"><li>It is very important before you decide on opening a franchise. You should research several franchisors and their business models before going deep into a franchise journey.<\/li>\n\n<li>For entrepreneurs who would love to open a franchise, a proactive strategy is important.&nbsp;You must carry out detailed market research, understand the complicatedness of franchise agreements, and assess the initial investment costs. These are just the tip of the iceberg.&nbsp;<\/li>\n\n<li>Location plays a vital role in business growth. Therefore, location is of the essence when you are planning to open a successful franchise. You must consider the right location that is open and accessible.<\/li>\n\n<li>You must have a formidable team, such as employees, places, suppliers, and counselors.&nbsp; Experience, mastery, personality, and support are the most vital factors you must consider when creating a thriving business team for entrepreneurs who need to open a franchise.&nbsp;<\/li><\/ul><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><\/blockquote><div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise.\"><\/object><a id=\"wp-block-file--media-4bb94845-303f-4370-9e00-bad17213280b\" href=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise.pdf\">Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise<\/a><a href=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-4bb94845-303f-4370-9e00-bad17213280b\">Download<\/a><\/div><h2 class=\"wp-block-heading\" id=\"h-entrepreneurs-who-want-to-open-a-franchise-nbsp\"><span id=\"entrepreneurs-who-want-to-open-a-franchise\">Entrepreneurs who Want to Open a Franchise&nbsp;<\/span><\/h2><p>Buying an already existing franchise has a certain appeal to entrepreneurs and this draws them to tap into the proven method that already has proven recognition. Going into a franchise business implies inheriting a business model that has already been groomed for success, complete with several marketing tactics and support.&nbsp;<\/p><p>Bear in mind that although a franchise provides detailed training and a continuous support structure, it doesn&#8217;t warrant the business being successful without hard work. For entrepreneurs who would love to open a franchise, a proactive strategy is important.&nbsp;You must carry out detailed market research, understand the complicatedness of franchise agreements, and assess the initial investment costs. These are just the tip of the iceberg.&nbsp;<\/p><p>Franchising provides a leveling ground between entrepreneurship and security. While you continue to be a boss of your own in franchising, you will also get the support and guidance that come with being a part of a huge business organization.&nbsp;It provides a chance to leverage a verified business model to achieve your financial and personal objectives and, at the same time, contribute to a business you believe in.&nbsp;<\/p><p>Now, it doesn&#8217;t matter if you are just starting as a <a href=\"https:\/\/businessyield.com\/bs-business\/small-business-owner\/\" target=\"_blank\" rel=\"noreferrer noopener\">small business owner<\/a> or an experienced entrepreneur looking to diversify, taking this great leap into franchising can be overwhelming. Stay with me as I show you some tips to succeed.&nbsp;<\/p><figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"500\" height=\"400\" src=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1-1.jpg\" alt=\"\" class=\"wp-image-177758\" style=\"width:620px;height:auto\" srcset=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1-1.jpg 500w, https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1-1-300x240.jpg 300w, https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1-1-380x304.jpg 380w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure><h2 class=\"wp-block-heading\" id=\"h-7-underrated-strategies-for-entrepreneurs-who-want-to-open-a-franchise\"><span id=\"7-underrated-strategies-for-entrepreneurs-who-want-to-open-a-franchise\">7 Underrated Strategies for Entrepreneurs Who Want to Open a Franchise<\/span><\/h2><p>So I now proceed to show you 7 proven strategies that will help entrepreneurs who want to open a franchise be successful businessmen.&nbsp;<\/p><p>These strategies were provided to me after conducting research and studying several successful franchises that are successful today.&nbsp; Let\u2019s dive into the proven guides for how to start a franchise:<\/p><h3 class=\"wp-block-heading\" id=\"h-1-conduct-your-franchise-research\"><span id=\"1-conduct-your-franchise-research\">#1. Conduct Your Franchise Research<\/span><\/h3><p>The first step you must take before starting your franchise is to conduct in-depth research. This is very important before you decide on opening a franchise. You should research several franchisors and their business models before going deep into a franchise journey.&nbsp;<\/p><p>If you wish to get the best result from carrying out research,&nbsp; talk to their current and former franchisees. Nevertheless, endeavor to know the following data for possible research:<\/p><ul class=\"wp-block-list\"><li>Learn about the franchisor\u2019s previous track record of success<\/li><\/ul><ul class=\"wp-block-list\"><li>Expenses and other payments of the franchisors<\/li>\n\n<li>Learn about the type of support and training the franchisor delivers.<\/li>\n\n<li>The expectations of the franchisor from their franchisees<\/li>\n\n<li>Furthermore, you must learn about the kinds of marketing and advertising strategies they provide.<\/li>\n\n<li>Lastly, learn about the general culture and reputation of the franchisor.<\/li><\/ul><h3 class=\"wp-block-heading\" id=\"h-2-work-the-finances-you-have-nbsp\"><span id=\"2-work-the-finances-you-have\">#2. Work the finances you have&nbsp;<\/span><\/h3><p>Opening a franchise can be costly so it&#8217;s important to have a clear understanding of your financial strength before diving into purchasing a franchise.&nbsp;<\/p><p>Therefore, ensure you have sufficient funds to cover the first fee for the franchise, which you are expected to pay, as well as other prevailing expenses such as rent, marketing, and merchandise costs.&nbsp;<\/p><p>Not only can considering your finances save you from getting into an ugly situation where you\u2019re incapable of footing your bills but you can also grow your business as quickly as you\u2019d like.<\/p><h3 class=\"wp-block-heading\" id=\"h-3-pick-a-good-location\"><span id=\"3-pick-a-good-location\">#3. Pick a good Location<\/span><\/h3><p>To succeed in any business, location plays a vital role in business growth. Therefore, location is of the essence when you are planning to open a successful franchise. You must consider the right location that is open and accessible.&nbsp;<\/p><p>While choosing the right location, you must consider certain factors, such as the foot traffic of the location, how exposed it is for the customers, as well as the business competition in the area. These three elements will determine how successful your business is.&nbsp;&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-4-you-need-to-understand-franchisor-s-expectations\"><span id=\"4-you-need-to-understand-franchisors-expectations\">#4. You Need to Understand Franchisor\u2019s Expectations<\/span><\/h3><p>Having goals and expectations is very normal for a franchisor for his franchisees. You just need to ensure that you clearly understand these expectations before you proceed to sign the franchise agreements.&nbsp;<\/p><p>These franchise expectations usually include branding requirements, product offerings, and customer service principles. Therefore, it is a must that you have carried out research before selecting any franchise.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-5-leverage-every-training-and-support\"><span id=\"5-leverage-every-training-and-support\">#5. Leverage every Training and Support<\/span><\/h3><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How to Franchise Your Business [7 Steps]\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/MaOR1nbcTW4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure><p>Every franchisor normally gives training and support to their franchisees. Therefore, it would be wise of you to leverage every training your franchisor provides by learning everything you can, and you also must learn how to run your business profitably.&nbsp;&nbsp;<\/p><p>You may get your franchisor\u2019s training and support in the following key sectors:<\/p><p><strong>Operations<\/strong>: You must know how to run the daily activities of your business.<\/p><p><strong>Marketing<\/strong>: Marketing is the strength and backbone of a business. Therefore, you must learn from your franchisor how to advertise and market your business successfully to develop more profit.<\/p><p><strong>Human Resources<\/strong>: Human resources are one of the most important factors in a business. So, understand how to employ the best manpower for your business and manage it.&nbsp;<\/p><p><strong>Technology<\/strong>: This is a very important aspect of running a business because you cannot run your business without being up-to-date on the latest technology. So, you must understand how to use any technology for your business.&nbsp;<\/p><p>These techniques and knowledge are required to prosper as a franchisee. With the knowledge I have provided based on my research, you can survive any costly mistakes you make, which creates the opportunity to run a profitable business.<\/p><h3 class=\"wp-block-heading\" id=\"h-6-create-a-powerful-team\"><span id=\"6-create-a-powerful-team\">#6. Create a Powerful Team<\/span><\/h3><p>A powerful team is expected to manage a thriving business. Thus, you must have a formidable team, such as employees, places, suppliers, and counselors.&nbsp; Experience, mastery, personality, and support are the most vital factors you must consider when creating a thriving business team for entrepreneurs who need to open a franchise.&nbsp;<\/p><p>By creating a formidable team, you can operate your franchise successfully without concern. Therefore, create a <a href=\"https:\/\/www.linkedin.com\/pulse\/building-formidable-team-courier-and-logistics-management-institute\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">formidable team<\/a>.&nbsp;&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-7-nbsp-get-ready-to-work-hard\"><span id=\"7-get-ready-to-work-hard\">#7.&nbsp;Get Ready to Work Hard<\/span><\/h3><p>Hard work, they say, is the bedrock of success. So you just need to be ready to put your sweat and blood into building a successful business.&nbsp;<\/p><p>This would help if you concentrated on working long hours, overcoming business challenges, and making the best decisions. By ensuring these, entrepreneurs who wish to open a franchise can operate a prosperous franchise business.<\/p><figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"500\" height=\"400\" src=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise.jpg\" alt=\"\" class=\"wp-image-177517\" style=\"width:679px;height:auto\" srcset=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise.jpg 500w, https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-300x240.jpg 300w, https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-380x304.jpg 380w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure><h2 class=\"wp-block-heading\" id=\"h-13-best-franchise-opportunities-for-entrepreneurs-nbsp\"><span id=\"13-best-franchise-opportunities-for-entrepreneurs\">13 Best Franchise Opportunities for Entrepreneurs&nbsp;<\/span><\/h2><p>Beginning from hotels, restaurants, and the food service industry to business services and fitness sectors, only you can agree on which is the best franchise to own. It all depends on your interests, knowledge, and finances.<\/p><p>Since there are uncountable franchises in the United States to analyze, I would like you to know that this list I would be providing is just a few out of many when it comes to the best franchises for entrepreneurs.&nbsp;<\/p><p>Here is a list of some of the best franchise opportunities for entrepreneurs, as provided by us at Business Yield. Let&#8217;s get started already.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-1-7-eleven\"><span id=\"1-7-eleven\">#1. 7-Eleven<\/span><\/h3><p>This is one of the most famous convenience stores in the United States. Starting a franchise with&nbsp; 7-Eleven requires a few months and it comes with training. Furthermore,&nbsp; brand recognition is a strong advantage with 7-Eleven.<\/p><h3 class=\"wp-block-heading\" id=\"h-2-allstate-insurance-agency\"><span id=\"2-allstate-insurance-agency\">#2. Allstate Insurance Agency<\/span><\/h3><p>If you are passionate about sales, then you should consider owning an Allstate Insurance Agency. This franchise opportunity provides continuous training and support for its franchisees, which makes it easier to start.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-3-ben-and-jerry-s\"><span id=\"3-ben-and-jerrys\">#3. Ben and Jerry&#8217;s<\/span><\/h3><p>This franchise is an ice cream brand popular for its exciting flavors and socially informed practices. Franchise owners start up a provincial shop and serve Ben and Jerry&#8217;s extraordinary desserts to customers.<\/p><h3 class=\"wp-block-heading\" id=\"h-4-caring-transitions\"><span id=\"4-caring-transitions\">#4. Caring Transitions<\/span><\/h3><p>As the name implies, it provides relocation services for seniors. This brand helps when the time to move arrives. It assists with moving management, house liquidations, and estate deals.<\/p><h3 class=\"wp-block-heading\" id=\"h-5-central-bark\"><span id=\"5-central-bark\">#5. Central Bark<\/span><\/h3><p>Do you love Dogs? Then you just think about opening a doggy daycare with Central Bark. This brand provides daycare for dogs, you should look this up.&nbsp; You will get to look after the dogs while their parents are busy, at work, or away, you just have to ensure they are happy and safe.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-6-chem-dry-carpet-cleaning\"><span id=\"6-chem-dry-carpet-cleaning\">#6. Chem-Dry Carpet Cleaning<\/span><\/h3><p>This brand is one of the most popular carpets and upholstery cleaning brands in the world. Amazingly, this brand has more than 3,000 franchises and is always looking to expand, as well as being on the lookout for new owners.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-7-christmas-decor\"><span id=\"7-christmas-decor\">#7. Christmas Decor<\/span><\/h3><p>If you want something more seasonal, then this brand is for you. This business deals mostly in providing holiday decorating services and they only function during the festive or holiday season.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-8-cruise-planners\"><span id=\"8-cruise-planners\">#8. Cruise Planners<\/span><\/h3><p>This amazing brand is a cruise planning agency that owners can manage from the comfort of their homes. This reason makes this start-up fairly cheap compared to other franchises.&nbsp;<\/p><p>You do not need to have travel experience because the brand provides training for franchisees.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-9-dale-carnegie-training\"><span id=\"9-dale-carnegie-training\">#9. Dale Carnegie Training<\/span><\/h3><p>This business teaches business courses and programs all around the United States. Some of the topics they cover include leadership, motivation, and sales, to name just a few of them.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-10-dream-vacations\"><span id=\"10-dream-vacations\">#10. Dream Vacations<\/span><\/h3><p>This business can be run from the comfort of your house and it does not include overhead costs or inventory. If you are interested in a cheap franchise opportunity and the ability to work remotely, then this franchise opportunity is the ideal startup for you.<\/p><h3 class=\"wp-block-heading\" id=\"h-11-mcdonald-s\"><span id=\"11-mcdonalds\">#11. McDonald\u2019s<\/span><\/h3><p>I am very sure that this brand is something you are very familiar with but it is one of the most expensive franchises. Although it is a very expensive franchise, it has one of the best brand recognition globally.&nbsp;<\/p><p>If you can afford to open a McDonald&#8217;s franchise in a busy area without competition, then you might easily gain back the original investment.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-12-sonic\"><span id=\"12-sonic\">#12. Sonic<\/span><\/h3><p>This brand is an American fast-food staple that is easily recognized because of its fancy drive-in style of service and extraordinary soft drinks provision.&nbsp;<\/p><p>The brand has franchises in 46 states and provides a formidable franchise opportunity that comes with its distinct menu items. It also comes with core staples, which are a favorite of customers.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-13-dunkin\"><span id=\"13-dunkin\">#13. Dunkin\u2019<\/span><\/h3><p>This brand was referred to as Dunkin\u2019 Donuts, Dunkin\u2019 is cheaper than McDonald\u2019s and has strong name recognition to boot. When Dunkin\u2019s first franchises came back to southern California, customers queued up as early as 5 a.m. in some locations, just to be among the first to get their fix.<\/p><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How Franchising Works: An illustrated guide\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/6fidL51oakg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading\" id=\"h-what-are-the-top-3-franchise-businesses-nbsp\"><span id=\"what-are-the-top-3-franchise-businesses\">What are the top 3 franchise businesses?&nbsp;<\/span><\/h2><p>The top 3 franchise businesses include:&nbsp;<\/p><ul class=\"wp-block-list\"><li>7 eleven<\/li>\n\n<li>All State insurance agency<\/li>\n\n<li>Ben and Jerry&#8217;s<\/li><\/ul><h2 class=\"wp-block-heading\" id=\"h-what-is-the-main-disadvantage-of-a-franchise-nbsp\"><span id=\"what-is-the-main-disadvantage-of-a-franchise\">What is the main disadvantage of a franchise?&nbsp;<\/span><\/h2><p>One of the most significant disadvantages of pursuing franchise opportunities is the ongoing capital investment.<\/p><h2 class=\"wp-block-heading\" id=\"h-what-is-the-failure-rate-for-a-franchise\"><span id=\"what-is-the-failure-rate-for-a-franchise\">What is the failure rate for a franchise?<\/span><\/h2><p>The failure rate for a franchise is approximately 20%, as obtained from research carried out and provided by Studies in the Market.&nbsp;&nbsp;<\/p><h2 class=\"wp-block-heading\" id=\"h-conclusively\"><span id=\"conclusively\">Conclusively,<\/span><\/h2><p>While opening a franchise can seem daunting, entrepreneurs can leverage underrated strategies like market research and focusing on customer experience to maximize their chances of success in this competitive landscape.&nbsp;<\/p><p>By employing the strategies I have provided above, entrepreneurs can navigate the franchising journey with confidence and achieve their business goals.<\/p><h2 class=\"wp-block-heading\" id=\"h-strategies-for-entrepreneurs-who-want-to-open-a-franchise-faqs\"><span id=\"strategies-for-entrepreneurs-who-want-to-open-a-franchise-faqs\">Strategies for Entrepreneurs Who Want to Open a Franchise FAQs<\/span><\/h2><section\t\tclass=\"sc_fs_faq sc_card    \"\n\t\t\t\t>\n\t\t\t\t<h2 id=\"are-franchises-a-good-investment\">Are franchises a good investment?\u00a0<\/h2>\t\t\t\t<div>\n\t\t\t\t\t\t<div class=\"sc_fs_faq__content\">\n\t\t\t\t\n<p>Yes, they are. You must bear in mind that these are long-term investments and you will not get immediate ROI on these businesses.&nbsp;<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\n<script type=\"application\/ld+json\">\n\t{\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Are franchises a good investment?\u00a0\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"<p>Yes, they are. You must bear in mind that these are long-term investments and you will not get immediate ROI on these businesses.&nbsp;<\/p>\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t\t\t]\n\t}\n<\/script><h3 class=\"wp-block-heading\" id=\"h-reference-nbsp\"><span id=\"reference\">Reference&nbsp;<\/span><\/h3><ul class=\"wp-block-list\"><li><a href=\"https:\/\/techycompany.com\/tips-for-entrepreneurs-who-want-to-open-a-franchise\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Techycompany.com<\/a><\/li>\n\n<li><a href=\"https:\/\/www.indeed.com\/career-advice\/career-development\/best-franchises-to-own\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Indeed.com<\/a><\/li><\/ul><h3 class=\"wp-block-heading\" id=\"h-related-articles\"><span id=\"related-articles\">Related Articles<\/span><\/h3><ul class=\"wp-block-list\"><li><a href=\"https:\/\/businessyield.com\/bs-business\/20-best-franchise-opportunities-in-nigeria-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">20+ Best Franchise Opportunities in Nigeria 2023<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/business-ideas\/15-best-franchises-under-10k-you-can-start\/\" target=\"_blank\" rel=\"noreferrer noopener\">15 Best Franchises Under 10K You Can Start in 2024<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/services\/the-viability-of-senior-care-franchises-meeting-a-growing-need\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Viability of Senior Care Franchises: Meeting a Growing Need<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/bs-investment\/how-to-evaluate-a-franchise-opportunity\/\" target=\"_blank\" rel=\"noreferrer noopener\">How To Evaluate a Franchise Opportunity<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/cryptocurrency\/questions-related-to-bitcoin-with-smart-answers\/\" target=\"_blank\" rel=\"noreferrer noopener\">Questions Related To Bitcoin With Smart Answers<\/a><\/li><\/ul>","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"I am sure you are already familiar with the term &#8220;entrepreneur,&#8221; but funnily enough, this term includes a&hellip;\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":259,"featured_media":177514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[54],"tags":[],"class_list":{"0":"post-177304","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-strategies"},"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Underrated Strategies for Entrepreneurs Who Want to Open a Franchise<\/title>\n<meta name=\"description\" content=\"Strategies for entrepreneurs who want to open a franchise includes research on several franchisors and their business models...\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise\" \/>\n<meta property=\"og:description\" content=\"Strategies for entrepreneurs who want to open a franchise includes research on several franchisors and their business models...\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\" \/>\n<meta property=\"og:site_name\" content=\"BusinessYield\" \/>\n<meta property=\"article:author\" content=\"Facebook.com\/Ubani-Favour\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T12:53:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-01T12:58:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Favour Ubani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Favour Ubani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\"},\"author\":{\"name\":\"Favour Ubani\",\"@id\":\"https:\/\/businessyield.com\/#\/schema\/person\/c54e4abc1a38ab4b80a512b2bed4a70c\"},\"headline\":\"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise\",\"datePublished\":\"2024-04-25T12:53:43+00:00\",\"dateModified\":\"2024-05-01T12:58:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\"},\"wordCount\":2272,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/businessyield.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg\",\"articleSection\":[\"Business strategies\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\",\"url\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\",\"name\":\"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise\",\"isPartOf\":{\"@id\":\"https:\/\/businessyield.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg\",\"datePublished\":\"2024-04-25T12:53:43+00:00\",\"dateModified\":\"2024-05-01T12:58:14+00:00\",\"description\":\"Strategies for entrepreneurs who want to open a franchise includes research on several franchisors and their business models...\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage\",\"url\":\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg\",\"contentUrl\":\"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg\",\"width\":500,\"height\":250,\"caption\":\"Photo Credit: @Freepik @gpointstudio\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/businessyield.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/businessyield.com\/#website\",\"url\":\"https:\/\/businessyield.com\/\",\"name\":\"BusinessYield\",\"description\":\"Helping You grow your business\",\"publisher\":{\"@id\":\"https:\/\/businessyield.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/businessyield.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/businessyield.com\/#organization\",\"name\":\"BusinessYield\",\"url\":\"https:\/\/businessyield.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/businessyield.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/businessyield.com\/wp-content\/uploads\/2018\/02\/cropped-busicon.png\",\"contentUrl\":\"https:\/\/businessyield.com\/wp-content\/uploads\/2018\/02\/cropped-busicon.png\",\"width\":512,\"height\":512,\"caption\":\"BusinessYield\"},\"image\":{\"@id\":\"https:\/\/businessyield.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/businessyield.com\/#\/schema\/person\/c54e4abc1a38ab4b80a512b2bed4a70c\",\"name\":\"Favour Ubani\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/businessyield.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4e37ff74c567c74e7d278962bd0790e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4e37ff74c567c74e7d278962bd0790e?s=96&d=mm&r=g\",\"caption\":\"Favour Ubani\"},\"description\":\"Ubani Favour is a content writer, editor, and long-life learner with an ongoing curiosity to learn new things. She uses her natural curiosity, research and expertise as a writer to provide articles and cover topics such as social media, marketing, sales, small businesses, technology, automobiles, health, and finances and business automation for business proprietors. Favour holds a BA in English Language from Nnamdi Azikwe University, Nigeria and LL.B Law from National Open University of Nigeria.\",\"sameAs\":[\"Facebook.com\/Ubani-Favour\",\"www.linkedin.com\/in\/favour-ubani-5b8b212a1\"],\"url\":\"https:\/\/businessyield.com\/author\/ubani\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise","description":"Strategies for entrepreneurs who want to open a franchise includes research on several franchisors and their business models...\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/","og_locale":"en_US","og_type":"article","og_title":"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise","og_description":"Strategies for entrepreneurs who want to open a franchise includes research on several franchisors and their business models...\u00a0","og_url":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/","og_site_name":"BusinessYield","article_author":"Facebook.com\/Ubani-Favour","article_published_time":"2024-04-25T12:53:43+00:00","article_modified_time":"2024-05-01T12:58:14+00:00","og_image":[{"width":500,"height":250,"url":"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg","type":"image\/jpeg"}],"author":"Favour Ubani","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Favour Ubani","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#article","isPartOf":{"@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/"},"author":{"name":"Favour Ubani","@id":"https:\/\/businessyield.com\/#\/schema\/person\/c54e4abc1a38ab4b80a512b2bed4a70c"},"headline":"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise","datePublished":"2024-04-25T12:53:43+00:00","dateModified":"2024-05-01T12:58:14+00:00","mainEntityOfPage":{"@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/"},"wordCount":2272,"commentCount":0,"publisher":{"@id":"https:\/\/businessyield.com\/#organization"},"image":{"@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage"},"thumbnailUrl":"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg","articleSection":["Business strategies"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/","url":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/","name":"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise","isPartOf":{"@id":"https:\/\/businessyield.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage"},"image":{"@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage"},"thumbnailUrl":"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg","datePublished":"2024-04-25T12:53:43+00:00","dateModified":"2024-05-01T12:58:14+00:00","description":"Strategies for entrepreneurs who want to open a franchise includes research on several franchisors and their business models...\u00a0","breadcrumb":{"@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#primaryimage","url":"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg","contentUrl":"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg","width":500,"height":250,"caption":"Photo Credit: @Freepik @gpointstudio"},{"@type":"BreadcrumbList","@id":"https:\/\/businessyield.com\/business-strategies\/underrated-strategies-for-entrepreneurs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/businessyield.com\/"},{"@type":"ListItem","position":2,"name":"Underrated Strategies for Entrepreneurs Who Want to Open a Franchise"}]},{"@type":"WebSite","@id":"https:\/\/businessyield.com\/#website","url":"https:\/\/businessyield.com\/","name":"BusinessYield","description":"Helping You grow your business","publisher":{"@id":"https:\/\/businessyield.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/businessyield.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/businessyield.com\/#organization","name":"BusinessYield","url":"https:\/\/businessyield.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/businessyield.com\/#\/schema\/logo\/image\/","url":"https:\/\/businessyield.com\/wp-content\/uploads\/2018\/02\/cropped-busicon.png","contentUrl":"https:\/\/businessyield.com\/wp-content\/uploads\/2018\/02\/cropped-busicon.png","width":512,"height":512,"caption":"BusinessYield"},"image":{"@id":"https:\/\/businessyield.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/businessyield.com\/#\/schema\/person\/c54e4abc1a38ab4b80a512b2bed4a70c","name":"Favour Ubani","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/businessyield.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4e37ff74c567c74e7d278962bd0790e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4e37ff74c567c74e7d278962bd0790e?s=96&d=mm&r=g","caption":"Favour Ubani"},"description":"Ubani Favour is a content writer, editor, and long-life learner with an ongoing curiosity to learn new things. She uses her natural curiosity, research and expertise as a writer to provide articles and cover topics such as social media, marketing, sales, small businesses, technology, automobiles, health, and finances and business automation for business proprietors. Favour holds a BA in English Language from Nnamdi Azikwe University, Nigeria and LL.B Law from National Open University of Nigeria.","sameAs":["Facebook.com\/Ubani-Favour","www.linkedin.com\/in\/favour-ubani-5b8b212a1"],"url":"https:\/\/businessyield.com\/author\/ubani\/"}]}},"modified_by":"Stanley Evergreen","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/businessyield.com\/wp-content\/uploads\/2024\/04\/Strategies-for-Entrepreneurs-Who-Want-to-Open-a-Franchise-1.jpg","jetpack_shortlink":"https:\/\/wp.me\/p9I54N-K7K","gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/posts\/177304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/users\/259"}],"replies":[{"embeddable":true,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/comments?post=177304"}],"version-history":[{"count":12,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/posts\/177304\/revisions"}],"predecessor-version":[{"id":178181,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/posts\/177304\/revisions\/178181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/media\/177514"}],"wp:attachment":[{"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/media?parent=177304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/categories?post=177304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessyield.com\/wp-json\/wp\/v2\/tags?post=177304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}