Posted on October 28th, 2008 by Blair
When buying a franchise, one of the greatest tools you have at your disposal is the ability to contact current franchisees. Not contacting them and investigating their opinion of the franchisor thoroughly would be a big mistake. When you contact a current franchisee, you get the opinion and outlook of someone who is in [...]
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Posted on October 24th, 2008 by Sebastien
You have to always aim at having a better franchise business operation by seeking to improve your methods and making them as efficient as possible especially at the level of your outlets. This is important in all businesses in modern times but especially in a franchising organization. The ultimate secret that will enable you to [...]
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Filed under: About Franchising, Franchise Advice | 2 Comments »
Posted on October 23rd, 2008 by Sebastien
If you thought that the only finances you need to come up with in order to set-up your franchise business are the initial franchise fees, you thought wrong. In order to set up your dream business, there are many other finances to think of.
Understand that the initial franchise fee is simply the money you put [...]
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Posted on October 20th, 2008 by Sebastien
Ryan Knoll over at FranchisePundit.com posted a link to an interesting article on Canadian newspaper website TheStar.com about the importance of reviewing the legal documents that are given to you before making the life-changing decision of buying a franchise.
Although the article is for potential franchise buyers in Canada, the rules still apply here in the [...]
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Posted on October 16th, 2008 by Blair
As a new franchisee, you have probably been working for months to get to the point of opening your franchise for business. You have undoubtedly put a lot of hard work and money into researching and selecting the best franchise opportunity for you, figuring out how to finance it, being trained by the franchisor, and [...]
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Posted on October 16th, 2008 by Blair
A potential franchisee should always find out about the history of the franchisor in the territory that they are planning to open their store before entering into a franchising agreement with the company. If the franchisor has previously had a location in the territory that closed or failed for some reason, it will be important [...]
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Posted on October 14th, 2008 by Blair
Choosing to buy a franchise rather than starting your own business can have a lot of advantages, and the franchisor running certain things can certainly simplify your operation. On the other hand, it can also be considerably more complicated in some ways, one of which is the tangle of legal issues that is particular to [...]
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Posted on October 14th, 2008 by Blair
If you have thought about starting your own business by becoming a franchisee, you might be overwhelmed by the options. There are a lot of great benefits to buying a franchise rather than starting a new business, but you might not get to experience those benefits if you are paralyzed by the infinite franchise [...]
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Posted on October 13th, 2008 by Sebastien
If you have future plans for buying a franchise, there are a few things you must consider and be aware of, if you don’t want to see your business crashing down when it’s just barely getting off the ground.
The franchise is first and foremost an industry. That’s why it’s no surprise that like every industry, [...]
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Posted on October 13th, 2008 by Sebastien
It’s a big step in your professional career when you determine that you’d like to go into business for yourself. What remains is deciding what type of business you’d like to be involved in. Franchising is one of the most popular options for people in your position.
Basically, you’ll be running a clone of an original [...]
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