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When you buy a franchise, you pay handsomely for the privilege. Therefore, it is essential that you understand what you are getting into, what you will get for your money, and that you get what you pay for. A current court case against the fast-food chain Burgerim is...
As with any new business move, investing in a franchise can be an exciting prospect. Often, it might be the best option for you and you will see your business fortunes grow exponentially. Nonetheless, franchise acquisitions do not come without risks and it is...
When embarking on a joint business venture such as a franchise, it is in the best interests of all parties to keep conflict to a minimum. At the end of the day, disagreements can cost both parties money. Unfortunately, conflicts do occur, and they have the potential...
When it came to marketing toward minorities and minority owners, McDonald’s was one franchisor that took the lead, particularly among the Black community. Black entrepreneurs welcomed the attention and the opportunities presented by McDonalds. They bought into the...
Every business venture has an element of risk involved – even a franchise agreement with a well-known brand. Opening a franchise may have seemed like a real shortcut to success but everything from the wrong business location to changes in the economic situation of the...
While your small business is thriving because of the product you developed, you may be aware that your intellectual property may be the most at-risk asset you have, which is why you keep the construction instructions secret. You have become aware that a competitor has...
There are many factors to consider before embarking on the journey of acquiring a franchise. Most business decisions involve a certain level of risks, with nothing being guaranteed. However, personal and financial success can occur through the growth of a franchise....
Savvy entrepreneurs know to review the Franchise Disclosure Document (FDD) before investing in a franchise. This document generally includes 23 numbered items, which include the franchisor’s background, any previous bankruptcies, and any restrictions about territory...
Starting a franchise can be easier than starting a business from scratch. You get to draw on an established customer base and a well-developed brand. You don't have to perfect processes or advertising on your own because the parent company will handle that for you....
Few franchisees may realize it, but a franchise relationship is a business model with significant power imbalances between parties involved. That's why it's so important that you have a firm grasp of your rights and responsibilities to the franchisor as a franchisee....
