When you want to open a franchise, you should look for one that would be a good fit for you as a person and an entrepreneur. Franchising offers a codified business plan and resources designed for success. Your job as a franchisee would be to understand where you fit...
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Month: April 2021
The benefits of owning a franchise
Starting a business from scratch requires vast financial and creative resources. Attending to every detail is paramount, whether it involves naming a company, creating logos, and selecting color schemes that help an enterprise stand out. While you establish and build...
Franchising Report from the Office of U.S. Senator Catherine Cortez Masto
The office of U.S. Senator Catherine Cortez Masto releases their report Strategies to Improve the Franchise Model: Preventing Unfair and Deceptive Franchise Practices which contains highly informative statistics on the current state of the franchise industry and...
For franchisors, success comes with specific steps
The steps to take towards building a franchise require time, money, and a great deal of sweat equity. Once the decision is made to expand from one location to several, the hard work begins in building a business. As with any enterprise, challenges exist, many unique...
Negotiating a franchise agreement
A recent article in Franchise Times featured an interview with Mark Dady, managing partner at Dady & Gardner, detailed the pros and cons of franchise negotiations. The purchase of a franchise provides the franchisee with many built-in benefits. The work necessary...