Recently I could not resist jumping in on what turned into a debate on the right way to practice franchise law. Long story short, a colleague maintained that in franchising, attorneys have to “pick a side.” The franchise lawyer/litigator claimed one could either represent franchisors, or one could represent franchisees–but never both without, apparently, being […]
Franchising, What Is It and What’s The Big Deal?
So what’s the big deal? Whichever side of the franchise you might be on, buying or selling, if it’s a franchise and it’s not done right—as in complies with the law, there are both communication and legal problems ahead and the crash will certainly cost everyone money.
Should I work with a Franchise Broker?
As ever, my mantra for all things franchise is “do your homework” and be careful where you place your trust. There are some things you just do not want to delegate or shortcut.
A FRANCHISE IS WHAT “THEY” MAKE OF IT
Are you a risk taker? Willing to take a chance on a new concept, a new company? Do you need a mature, well proven business. How much are you willing to risk? Are you prepared to deal with the consequences of failure?
Franchising Myths & Realities
Any business concept can be offered as a franchise, but a lot goes into a successful business. Franchises can offer a better chance for success only if it gives you more than you would have doing it on your own. Sometimes the only real value to buying a franchise is that it commits you to following through on the process of preparing and starting a business.
