Real estate holdings are popular investments not just for individuals but also for businesses. If your company has a commercial property that it uses for business, you might want to see if you can't make a profit off of that building or commercial space. Whether you...
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Year: 2020
3 major advantages of becoming a franchisee
Becoming a franchisee means you have extra start-up costs when you begin your business. You have to pay for the right to use the name and branding that the parent company has set up. In many cases, they also sell you their products for you to then sell to consumers....
Partnership disputes can quickly ruin a business
People who go into business together usually have similar ideas and goals. While this might be a relatively good start to the situation, there are some potential pitfalls that partners need to discuss before they embark on their partnership. This may help to alleviate...
Protect your intellectual property as you would your other assets
If someone asked you for a list of your business assets, you would probably include things like land, buildings, equipment, stocks and cash. Not many business owners in the Miami area have come to accept that intellectual properties are assets, too. As such, your...
If you want to sell your business as a franchise, do you know the steps?
You have three restaurants open in your city, and you’d like to build more. At the same time, you don’t have the time to run them all, and you want to start to be able to bring in an income without the many requirements that come with owning yet another restaurant...
Buying into a franchise doesn’t guarantee business success
There are many risks involved in starting a new business. Companies require substantial investment and planning, and trying to build a reputation from the ground up is a real challenge. Many new businesses fail early on, leaving their owners dealing with financial...
What is fair use when it comes to intellectual property?
Intellectual property laws protect creators and companies from having their ideas stolen and used by someone else, possibly for a profit. After all, what would be the point in creating something through hard work and learned skills if someone else could just steal it...
Tips for opening your first franchise
One of the best things about opening a franchise is that you know the business model works. You don’t have to worry about an expensive trial-and-error process once you get started. You also get the advantage of relying on a name and reputation that’s already...
The 3 P’s of commercial real estate project management
When undertaking a new commercial real estate project, one of your most important decisions is who to put in charge. Having someone you trust to oversee everything is critical. That is why you appoint a project manager. When communicating your needs to your chosen...
Can your franchise agreement be terminated early?
Opening a franchise of an existing business is a quick way to get your own company up and running. One of the big advantages is that, once you pay your fees, you get to use the established brand’s name and products. You also get the benefit of their (presumably)...