A franchise disclosure document (FDD) is a legal document which is unfilled to forthcoming buyers of franchises in the pre-sale expose process in the United States. It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to ... Views: 400
A very vital next step in the process of selecting the right franchise consulting services is to call some existing franchisees. The franchisor will openly offer you with a list of franchisees, and it should be a diverse list, meaning, for example, that your list will consist of 5 of the ... Views: 415
A company setting up to franchise must realize it is inflowing a new business, offering a completely different service like training and support to new business owner-operators. This new business needs different dexterity, abilities and proficiency. In the new industry of franchise consulting, ... Views: 447
Once, I had a client that hired a patent attorney to negotiate a real estate lease in terms of franchise business. Now, I guess that my target audience is smart enough and does not require me to explain any further about the entire process of proceedings. Well, the question is that “Why did he ... Views: 465
Is it that this title returns with some critical views? Still, it seems to be a justified question.
I was once on a panel, where I stated this question by considering it as a franchise conference. Now, you must have imagined the kind of response it received. I did this because I like putting ... Views: 493
How often do I get calls from people, who wish to buy a franchise?
Like any other aspiring business owner, they see a franchise concept investment as a way to create a financial and lifestyle freedom. It can be a more attractive option than employment. For many people, it can be somewhat of ... Views: 491
I often get calls from people who want to buy a franchise. It is what I do day in and day out. At times I question this vocation, which seems like you are hitting yourself in the head with a hammer and it feels good as you stop.
Another challenge is there is a lot of negativity in the ... Views: 430
If you’re an aspiring business owner you might be weighing the options or a franchise vs. an independent business. It’s an interesting quandary… can I go at it alone? Or do I need some support… some guidance… a proven system.
That’s a key distinction when you invest in a franchise. The ... Views: 850
There are a number of different ways to invest in a franchise depending on your goals and objectives. You can buy a single location, or look at investing in multiple units. It all depends on what you are looking to accomplish. The good news is there are options, and what I would like to do is ... Views: 529
I often hear some franchise concepts pitched as recession proof…
I often hear clients tell me certain franchise concepts are recession proof because they offer a product or service that is a consumer staple… a necessity
This type of logic is flawed because it sets false expectations. It ... Views: 471
It’s very common to start researching franchises by seeking information of specific concepts…
We start with a Google search, then since we love coffee and hamburgers we think “Dunkin Donuts” or perhaps “McDonalds”. Why do we start here? Because it’s what we are familiar with… and while both ... Views: 537
There are a number of steps when you research a franchise. Once you have identified a concept you feel is right for you, it’s helpful to understand the steps required. While each franchise is unique in their approach, the process typically involves a series of steps over the course of several ... Views: 530
So you’re contemplating business ownership… While recent economic events may give you pause, it may still be an attractive option for people who have the resources and ability to be successful. If you happen to be someone seriously considering this option, here are a few thoughts you may find ... Views: 427
If you’re serious about buying a franchise, at some point you’re going to receive and review a Franchise Disclosure Document (FDD). The purpose of the FDD is to give the potential buyer detailed information on the investment details, ongoing fees and obligations of both the franchisor and ... Views: 515