When you think about buying a franchise, you need to investigate the franchise carefully. One of the most important things you should do is talk to other franchisees. Listed below is a list of questions to get your evaluation of the franchise or business opportunity started: How long have you been operating this business? Did […]
WHAT’S IN A NAME? The Heart of a Franchise System
By Kat Tidd Developing An Identity Choosing the right name for a business is a challenge under any circumstances. Does it convey the right message? Is suitable for the nature of the business? Is there anything similar being used? Is it available for use? What kind of exclusive protection can be obtained to keep anyone […]
MUST FRANCHISE ATTORNEYS PICK SIDES?
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 […]
Are You Ready to Franchise Your Business?
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 […]
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.
