Franchising 101

 
Franchising 101

How to be in business for yourself not by yourself

This type of franchise includes not only a product, service and trademark, but also the complete method to conduct the business itself, such as the...
A good relationship between the franchisor and franchisee is critical for the success of both parties. Since franchising establishes a business...
A franchise provides an established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the...
In addition to franchising, there are two other popular methods by which businesses expand their market and distribution channels: ...
A franchise is the agreement or license between two legally independent parties which gives: • a person or group of people (franchisee) the right...
Once you make the decision to start your own business, you need to decide whether you want to be an independent business owner or a franchisee.
Like starting any business, buying a franchise involves a risk. Studies show that successful franchisees:  conduct their own marketing research 
Before buying any business, you must carefully consider many factors that are critical to your success
Regardless of whether you choose to remain an independent business owner or become a franchisee, research is the single most important activity in...
One of the main benefits you receive when purchasing a franchise is the use of well-known trademarks. This section lists the trademarks, service...
Financial statements are the track record of the franchise. They are provided for you in the FDD and contain important information about the...
The purpose of the FDD is to provide prospective franchisees with information about the franchisor, the franchise system and the agreements they...
Making any business reach its full potential takes talent.  If you've selected your franchise well, your franchisor will be able to help you avoid...
Does the franchisor staff attend seminars on franchising and management?...
ABOUT THE FRANCHISOR:  How much support do you get? Are you satisfied with the franchisor? Is the franchisor fair and easy to work with?
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