The allure of a franchise is indisputable. In many cases, you’ll benefit from existing brand recognition, a proven business model and actionable data. But there are no guarantees in business. Humans and their spending habits can be fickle. A wildly successful business...
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3 mistakes new franchise owners should avoid
Opening your first franchise can be exciting. However, with this business structure, you must understand the rules and regulations to avoid mistakes and potential legal issues. It’s also beneficial to learn what the most common mistakes are when opening a new...
How do you end a franchise contract but not the business?
Starting a franchise is a complex process. You need to have the financial resources and business experience necessary to meet the criteria established by the company. You will likely have to undergo training, make a substantial financial investment and continually...
What Should Franchises Know about Private Equity and SPAC’s?
COVID has caused many unforeseen effects in our world. A prolonged era of low bank interest rates, combined with increased inflation, one monetary effect of the virus includes a tremendously expanded money supply that is driving speculation on a multitude of...
When and How do I Hire a Litigation Lawyer?
Business and real estate deals and partnerships can often create conflict. Sometimes these disputes may culminate into litigation. Here are five steps to follow to make sure you make informed and educated decisions. RULE OUT ALL ALTERNATIVES TO LITIGATION Disputes...
How does restructuring work?
While the country is on the verge of a recession, many companies in Florida and throughout the country are restructuring. This is the procedure of a company improving its financial operation due to financial pressure. This corporate action mostly affects the debt and...
How much can you negotiate the terms of a franchise agreement?
You want to open a franchise business, but the fees charged by the franchisor seem to be exorbitantly high. Is there anything you can do to get them lower? Maybe. Here’s what you need to know: The franchisor doesn’t want to negotiate with you. If the franchisor gives...
How to Get Out of a Bad Franchise Relationship
For many of those that dream of starting their own business, investing in a franchise opportunity can make that dream seem like a reality. Although it may appear less risky than starting a business from the ground up, many times the franchise business is not...