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
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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