Buying into a franchise is one option to starting a business. When you purchase a franchise you are basically paying for the right to market an already established product or service owned by somebody else (the franchisor).
There are many advantages to buying into a franchise, such as opening the business faster, quicker way to gain customers, having less risk, etc.. However, there are many things that you need to watch out as well (e.g. fees, loss of independence).
Before sinking your savings into a brand-name franchise, learn the right process of buying into a franchise, how a franchise is managed, the fees involved, and understand your expectations buying a franchise. Starting a Franchise section is your source of information, tools and resources for starting your own franchise business.
In America, litigation has become very prevalent and you have to be prepared for the possibility of facing a lawsuit or even just the threat of lawsuit. Learn the common reasons for lawsuits in franchising and how to avoid litigation battles with partners
How often have you thumbed through a business opportunity magazine, noticed a franchise opportunity advertisement, and felt you would really like to get in on that… if only you had the money? If you are like most who are seeking greater opportunity and wealth, this probably happens with you more often than you care to […]
In the article “Understanding Franchise Agreements and Contracts”, we talked about the key points you need to look at when negotiating your franchise agreements and contracts. When and if you decide to proceed with entering into the franchise contracts and agreements, here are some key items you will want to cover with your future franchisor […]
Franchise opportunities are out there and if you look, you’ll find more than you can count. In order to find out if a business franchise truly is an opportunity of a lifetime, there are a few points that you must evaluate.
With the proliferation of a host of seminars, conferences and exhibitions focused on franchising, learn how to use franchise exhibitions to research about franchise opportunities.