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Home / Archives for Franchisor

Franchisor

What Do I Need to Know Before I Buy a Franchise?

Feb 12, 2020 By Jeffrey Goldstein

Buying a franchise is a complex, long-term investment that has the potential to change your life. If your business succeeds, you may never have to work for someone else again. If it doesn’t, you could lose your investment, and you could find yourself bound by strict non-competition covenants that prevent you from using what you’ve […]

Filed Under: Franchise Center Tagged With: Due Diligence, Franchise, Franchisee, Franchisor

6 Reasons Franchise Businesses Fail and How to Avoid Them

Jul 18, 2019 By Bill Bradley

As an investment and a point of personal pride, you want your franchise business to succeed. So does your franchisor, your customers, and your employees. So, as you begin your franchise journey, let’s look at some reasons franchises fail and what you can do to avoid them. 1) Lack of Capital We’re putting this right […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchisee, Franchisor, Mistakes

Steps to Franchise a Business

May 2, 2019 By FranchiseSolutions.com

Today’s Tip is on how to franchise a business. If you have a successful business and have determined that it is “franchise-able” Franchise Solutions has the next steps to take. By “franchise-able” we mean you have evaluated the business’s potential and found that it can be duplicated well. In addition, you have deemed your business offers beneficial […]

Filed Under: Franchise Center, Startup Tagged With: Franchising, Franchisor, Planning

6 Mistakes to Avoid as a First-Time Franchisee

Mar 26, 2019 By Bill Bradley

You finally found the golden franchise opportunity right for you. It’s exhilarating, especially since you spent so much time looking for the perfect fit. There’s so much to look forward to. But be forewarned not to let the excitement of owning a business blind you from the reality of it all. Launching a franchise requires […]

Filed Under: Franchise Center, Startup Tagged With: Franchise Business, Franchisee, Franchisor, Mistakes

The Basics of Franchising: What You Need to Know

Mar 19, 2019 By Bill Bradley

Franchising is when a franchisor grants a franchisee the rights to sell their products and/or services. The two enter an agreement that allows the franchisee to use the franchisor’s methods, operations, systems, brand name and other intellectual property to grow their business. Franchisors often provide ongoing training to support the success of the proposed business […]

Filed Under: Franchise Center, Startup Tagged With: Franchise Business, Franchisee, Franchisor, Getting Started

The Basics of Franchising: What You Need to Know

Mar 19, 2019 By Bill Bradley

Franchising is when a franchisor grants a franchisee the rights to sell their products and/or services. The two enter an agreement that allows the franchisee to use the franchisor’s methods, operations, systems, brand name and other intellectual property to grow their business. Franchisors often provide ongoing training to support the success of the proposed business […]

Filed Under: Franchise Center, Startup Tagged With: Franchise Business, Franchisee, Franchisor, Getting Started

Glossary of Franchise Terms

Feb 19, 2019 By Bill Bradley

Considering franchising as a business opportunity? Like most industries, franchising has its own language. Familiarizing yourself with the lingo before beginning your search for the perfect franchise can help ease the research process. Absentee Ownership: An absentee owner uses a manager-run model where they hire someone to manage day-to-day operations. This allows an absentee owner to […]

Filed Under: Franchise Center Tagged With: Franchise, Franchisee, Franchisor

Franchise Disclosure Document: What You Need to Know

Jan 28, 2019 By Bill Bradley

Prospective franchisees typically receive a Franchise Disclosure Document after requesting more information about a franchise or during the Discovery Day process. But this 100- to 200-page legal document is more than just an intimidating pile of papers; it can mean the difference between your success or failure as a franchise business owner. A Franchise Disclosure Document, […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchisee, Franchisor

What Law Should Apply to Your FDD?

Sep 19, 2018 By Robert Steinberger

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 […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchisee, Franchisor

Materiality and FDD Amendments: What Every Franchisor Needs to Know

Jul 26, 2018 By Robert Steinberger

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 […]

Filed Under: Franchise Center Tagged With: Franchise Business, Franchisor

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From the Editor’s Desk…

Small Biz Gems

“Nothing great was ever achieved without enthusiasm.” —Ralph Waldo Emerson
A lecturer, poet, and essayist, Ralph Waldo Emerson was the leading voice of the New England Transcendentalist movement of the mid-19th century, which valued insight over logic while also advocating for humanity’s inherent goodness. This revelation comes from the closing paragraph of “Circles,” a chapter in his 1841 book Essays, First Series.

“I insist on a lot of time being spent, almost every day, to just sit and think. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”  —Warren Buffet

 

“I have not failed. I’ve just found 10,000 ways that won’t work.”  —Thomas Edison

 

 

“You can’t ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.”  —Steve Jobs

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Run & Grow

Business Continuity: Everything You Need to Know

May 14, 2022 By SmallBizClub

 Learning Strategies to Help Your Employees Get Hooked

May 13, 2022 By Becky Wilson

Top Trends for Small Businesses This Summer

May 11, 2022 By Becky Wilson

Here’s What To Do If Your Small Business Is Tanking

May 10, 2022 By Jeremy Bowler

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