From restaurants to hobby shops, there are countless franchise opportunities in the marketplace. If you're new to the industry, these options can seem overwhelming. A successful franchise can be made out of almost any business, including a math-tutoring facility. Think about your investment choices, and how a franchise can really boost your financial well-being. Picking a … [Read more...] about Picking a Franchise For Your Investment Potential
Franchise
Franchise Agreements and Contracts
When looking into purchasing a franchise it’s a good idea to investigate its background with a healthy dose of skepticism. It can be easy to get caught up in the hype of glossy brochures and promises of quick profits, but the reality is that franchisors and their representatives are selling a product and it’s in their best interest to dress it up as attractive as possible. Here … [Read more...] about Franchise Agreements and Contracts
How to Achieve Success Through Franchising
(Editor's Note: This article is based on an interview with Michael Reagan, former President of FastSigns on Central in Phoenix, Arizona after he won the 2000 Arizona Small Business Person of the Year Award from the Small Business Administration). There is no bottled formula for success, but there are several steps that you can take to ensure your business will thrive and … [Read more...] about How to Achieve Success Through Franchising
Litigation Battles Within a 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. This is especially true for those who dare to become key stakeholders in businesses and franchises. Aside from that, you may find yourself in an unfortunate circumstance where it becomes necessary to raise your own legal … [Read more...] about Litigation Battles Within a Franchise Business
How to Raise Money to Finance a Franchise
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 admit, except perhaps in strictly private … [Read more...] about How to Raise Money to Finance a Franchise
Factors to Consider in Franchise Contracts and Agreements
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 and franchise lawyer: Get it in … [Read more...] about Factors to Consider in Franchise Contracts and Agreements
Pros and Cons of Starting a Franchise Business
If you are tired of working for someone else and exploring opening and running your own small business, you are probably confused about the multitudes of available business possibilities. To make matters worse, authoritative voices differ in their opinions of whether opening a major franchise business is preferable to starting an independent business. As an owner of nine … [Read more...] about Pros and Cons of Starting a Franchise Business
Knowing the Do’s and Don’ts in Buying a Franchise
If the idea of starting a business of your own from scratch is scary, you may consider buying an existing franchise from a company that has already established a track record of success and will teach you how to use their proven methods. What is a franchise? A franchise agreement is when one party, the franchiser, grants to another party, the franchisee, the rights to … [Read more...] about Knowing the Do’s and Don’ts in Buying a Franchise
Franchise Opportunities: 5 Important Points to Consider
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. Point 1: Market Trend Most franchise opportunities are based on current market trends. You will see a lot of franchises that promote the current size of … [Read more...] about Franchise Opportunities: 5 Important Points to Consider
Researching Franchise Opportunities through Franchise Exhibitions
Hand in hand with specialist publications and websites, franchise exhibitions are a useful addition to your franchise research arsenal. After all, when else will you get the chance to meet and compare the head office teams of so many franchise brands in such a short space of time? Although franchisor attendance of exhibitions is on the decline as franchisors switch their … [Read more...] about Researching Franchise Opportunities through Franchise Exhibitions
