The 21 Hats Morning Report

The 21 Hats Morning Report

How Much Money Can You Make Franchising?

In our latest Dashboard conversation, we talk about the state of franchising, what’s working and what isn’t.

Loren Feldman's avatar
Loren Feldman
Sep 22, 2025
∙ Paid

Good Morning!

Here are today’s highlights.

  • Behind closed doors, corporate CEOs acknowledge that the tariffs are hurting their businesses.

  • Demand for corrugated packaging has plummeted: “We’ve never seen anything like this magnitude of shuts.”

  • There’s a 401(k) plan designed specifically for solopreneurs.

  • Carnegie Diner says it’s a tribute. Carnegie Hall calls it theft. Who will win this IP battle?

THE 21 HATS PODCAST: DASHBOARD

How Much Money Can You Make Franchising? This week, Eric Stites, founder and CEO of Franchise Business Review, talks about the state of the franchising world. How much money do you need to buy a franchise? How much can you make? What are the hot categories? What are the most common mistakes? We also talk about life on the other side: What makes a business a good candidate to become a franchisor? And is it possible to avoid the tension—and litigation—that so often arises between franchisees and franchisors? Plus: If you buy a franchise, are you an entrepreneur? Or are you just buying a job?

  • You can subscribe to the 21 Hats Podcast wherever you get podcasts.

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