Posts Tagged ‘Franchise Business’
Covenant to Non-Compete: What Are the Rules?
As a general rule of thumb, every franchisor will want to build a non-compete into their Franchise Disclosure Document (FDD). Once you give a franchisee the complete playbook to running and operating your successful business model, you don’t want them to turn around and start running their own offshoot. Which is where the non-compete comes…
Read MoreWhat Law Applies for Your Franchise Agreement
Did you ever play board games as a kid with a friend who made up the rules? It can be extremely frustrating to finally start making traction only to have the rules change half way through. When dealing with a franchise agreement, no one is going to change the rules half way through the agreement.…
Read MoreIs a Home-Based Franchise Right for You?
Have you been thinking about exploring home-based business ideas? If you have found yourself dreaming of working from home, there’s a franchise for that. It’s easy to see why having a home-based business is attractive, too. The dress code is relaxed, there’s no rush hour commute to deal with, and, best of all, you avoid…
Read MoreRoadmap to Opening a Franchise
Opening a franchise business is not for the faint of heart. It is indeed a family decision that requires a great deal of preparation, planning, and self-evaluation. The entrepreneurial process requires that you evaluate the decision personally, sociologically, organizationally and environmentally. Personal Evaluation Level of Achievement – Degree of commitment – Entrepreneurs have a higher degree…
Read MorePurchasing a Franchise: What Are Your Financing Options?
For individuals seeking the rewards of entrepreneurship but looking for a safer bet when launching into the business space, purchasing a franchise is a great route to go. Some even refer to franchises as a paint-by-number business. You get the proven game plan from the franchisor and then implement their rock-solid system. This route is…
Read MoreBest Ways to Research Before Buying a Franchise
Buying a franchise is a big decision. Since this decision will be one of the largest you will most likely ever make, you will want to consider the fact that a successful franchise, with a proven record of success, could serve as a shortcut towards creating the successful business you desire. Buying a franchise is…
Read MoreWhat to Expect Your First Few Months of Owning a Travel Franchise
Booking a trip has become both easier and vastly more complicated because of the internet. While most people have no problem navigating websites and flight schedules, they face literally millions of options when they run a simple Google search. This barrage of information can leave a lot of doubt as far as finding the best…
Read MoreFinding Franchise Opportunities That Bring Out the Very Best in You
Jumping into finding franchise opportunities can be a daunting task. Take a step back, and ask yourself what you are trying to accomplish by buying a new business. If you don’t get real with yourself and truly understand your overall goal, you will begin this journey already on a path that already does not bring…
Read MoreWhat Marketing Systems Should You Establish for a Franchisee?
In case you haven’t noticed, we’re in the midst of a marketing revolution. With the rise of social media, video, and whatever the next new platform brewing below the surface is, businesses can easily get overwhelmed when putting together a marketing plan. Yet, effective marketing becomes increasingly important in the face of stiff competition and…
Read MoreWhat to Consider When Buying a Franchise
Many people dream of being an entrepreneur. By purchasing a franchise, you can sell goods and services that have instant name recognition while benefitting from training and ongoing support to help you succeed. However, like any investment, purchasing a franchise is not a guarantee of success. It’s important to do your due diligence before making the…
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