I often reviewing franchise offerings for people thinking of buying franchises. And I also write the same kinds of franchise documents for franchisors. This has forced me to face the consequences of certain types of clauses and the ethical implications of those creative clauses designed to protect the franchisor client in all circumstance. So I […]
Buying a Franchise? Keep the end in mind…
The down side of franchising is the unpleasant way franchise relationships can end. When buying a franchise, typically neither the franchisor’s representative nor the prospective franchisee look at how the relationship might terminate—voluntarily or not. It is all about the positives and the prospect of independence as a business owner. Depending on the particular franchise […]
Saying It’s Not A Franchise Doesn’t Change Things
Whether buying or selling, there are two schools of thought: 1. Being a franchise is good; or 2. Being a franchise is bad. Why good? It has become a more understood method of expansion. It is true, you can grow a business using other people’s money. You can buy a “proven” concept with support and […]
Franchisors Beware
Last week an online article was published about McDonald’s aggressive actions to stay ahead of consumer trends by being willing to continually implement both change and innovation. These are attributes that can certainly benefit small businesses and franchised businesses as well, and I applaud the general idea. However, if you read further into the […]
