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Franchise agreements are long. Fifty pages isn't unusual. Somewhere in those pages sit what are called franchise agreement stipulations, which are sometimes called clauses. And they can quietly cost franchisees thousands of dollars a year. And we’ve written about some...
Advertising funds are meant to fuel growth. Franchisees contribute their hard-earned dollars expecting those funds to translate into consumer traffic, brand visibility and ultimately, sales. But when franchisors quietly redirect those contributions toward general and...
A lot of today’s franchisors make multi-unit ownership sound like a natural next step. Sign a Multi-Unit Franchise Agreement. Open more locations. Build wealth. What they don't tell you is what happens in between. I'm talking about the hard work and operational...
When the economy feels uncertain, consumers become more cautious. They delay big purchases, comparison shop more aggressively and scrutinize value. Yet even in difficult financial times, spending does not stop. It shifts toward what feels safer. That is where brand...
When it comes to buying a specific franchise opportunity, there’s an important part of the franchise agreement that most prospective franchise buyers aren’t fully prepared for. The personal guarantee. With that in mind, before you sign your franchise agreement, you...
Americans are notoriously innovative and tough. Not only are we able to get work done but we have also kept the economy moving forward during times when most financial analysts expect a downturn due to financial strain. From pushing through the worst of the pandemic...
Keeping up with the demands of clients is an important part of success for any business, including popular franchises. Major franchise systems succeed not only because they implement these changes but because they evolve without leaving franchisees to manage change...
The franchise agreement arrives and it's intimidating. It's long. It's filled with legal language. And every word in it was written by the franchisor's attorneys. That's not a conspiracy. It's just business. That being said, it means you need to read it like someone...
Savvy business owners know that their business needs to evolve with the market. This holds true in most industries, but few can change as frequently as the restaurant business. One of the most recent evolutions is the growth of delivery within almost all types of...
Savvy business owners know that their business needs to evolve with the market. This holds true in most industries, but few can change as frequently as the restaurant business. One of the most recent evolutions is the growth of delivery within almost all types of...
