Are people waiving money at you? Love your business and want one of their own? Ready to pay a nice big piece of change up front as an initial franchise fee? And keep on paying in royalties? Pretty hard to resist. You’ve created a successful business that others want, and they want to pay […]
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?
Problem Franchises: Delays Have Dangerous Ends
When business is good and the franchisor-franchisee relationship is positive, the contract doesn’t matter. If things goes south, it’s all you have. Too often franchisees are so caught up in the struggle to make their business profitable and keep it going, that they put off addressing core problems involving the franchise. They just cannot seem to find enough time to deal with difficult underlying issues.
