Posts Tagged ‘Franchise Business’
Do You Know Your Territory?
When purchasing a franchise, it’s important to evaluate, understand, and negotiate the assigned territory; this is the area within which your location is protected by the franchise agreement. If you’re not mindful of the territory and terms of the agreement, you could potentially set yourself up for challenges down the road. Here’s what you need…
Read MoreMillennial Entrepreneurship Made Easy
Older generations like the baby boomers quickly dismiss the millennial class as lazy, narcissistic and entitled. But millennials like yourself don’t often get the credit they deserve. Not only are you part of the largest living generation in the United States, but as you and your peers are maturing into innovative leaders with a strong…
Read MoreWhat Law Should Apply to Your FDD?
When compiling the Franchise Disclosure Document (FDD), franchisors must consider closely the laws that shall apply to the franchise agreement. You want to be honest and transparent with prospective franchisees in the agreement, yet mindful and even somewhat strategic in drafting the FDD under state and federal laws. Here are a few things to keep…
Read More3 Key Franchisee Considerations Before Signing a Multi-Unit Agreement
Signing a multi-unit agreement to buy several franchise territories can unlock fantastic savings on franchise fees and exponentially increase the opportunity for return on your investment. For example, if you agree to open up three pizza franchises, you will sign a standard franchise agreement for the first unit, and a separate multi-unit agreement to open…
Read MoreMateriality and FDD Amendments: What Every Franchisor Needs to Know
Business is a world in flux. With circumstances, processes, and dynamics constantly changing, franchisors need to be mindful of material changes and meticulous in amending their Franchise Disclosure Document (FDD) as required by the Federal Trade Commission (FTC). What Does “Material” Mean? The FTC defines a representation, omission, or practice to be material if it…
Read More5 Major Mistakes to Avoid Sinking Your Franchise Before You Even Open for Business
If you are thinking about buying a franchise, the decisions you make now could have significant consequences for the success or failure of your business down the road. From choosing the best franchise opportunity for your personal traits to negotiating critical protections into your franchise agreement, the more effort you put into making a smart…
Read MoreThe Best Franchise Opportunities for Veterans
You devoted several years of your life to serving your country. Now, you’re transitioning back to civilian life wondering where your next “mission” will take your career. Many military veterans consider entrepreneurial endeavors like small business ownership or franchising. And since you found yourself on the America’s Best Franchises website, you’re probably leaning more to…
Read MoreThe Top 5 Home Service Franchises You Should Invest in Today
Home Service franchise opportunities provide customer conveniences that not only help manage the upkeep of someone’s house but also life’s many tasks. From lawn care franchises that maintain beautiful, green grass to dry cleaning business opportunities that provide 24/7 drop off, these franchises all perform a unique and valuable service that saves time and money…
Read MoreWhy Are Children Education Franchises on the Rise? What Are Your Best Options?
If you’re looking to own your own business and seek to make a difference in the lives of children in your community, then you’re in luck. Over the last 20 years, education franchises have exploded from a handful of tutoring and lesson-giving franchises to dozens if not hundreds of different franchises that are changing the…
Read MoreWhat You Need to Know: Registration State vs. Filing State
Every year that goes by, the world seems to get smaller. For anyone in the business realm, expanding out of your area can be as simple as hopping online or creating a website. When that expansion tempts franchises in the states, it’s not as simple as adding a new tab to the website. It’s important…
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