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As a franchise owner, you make the decision to let an employee go so that you can hire someone to replace them. When you let them know that this is their last day, they become angry and ask why. You feel that the situation is escalating uncomfortably, so you decline...
Becoming a franchisee is an attractive option for those who wish to establish a business without creating one from scratch. One of the benefits of franchises is that the owner, or franchisor, has already set important matters regarding the company, such as quality...
As a franchise business owner, you naturally want to do what you can to avoid getting into disputes. But despite your best effort, this may still happen. What can you do if you get into an argument or disagreement with the franchisor? Fortunately, litigation is not...
It’s a simple fact that franchise business partners owe fiduciary duties to each other. You share in the profits of your business as well as the risks and liability, and you make important decisions together. If your partner passes away, or if they decide to leave the...
You found an ideal physical location for your franchise business. As a first-time business owner, you must understand the differences between residential tenant rights and business tenant rights. It's important to know when you must handle a situation alone and when...
Many prominent businesses started with an idea that eventually became a thriving enterprise with multiple locations. However, taking that initial risk and build from the ground up is also fraught with pitfalls. After countless “trials” and errors” in their operations,...
Finding the right location is paramount when it comes to any type of “brick and mortar” franchise business. It is one of the most critical decisions a franchisee can make. However, in searching for the ideal place or places, mistakes are easily made. Know your history...
Franchising provides opportunities for entrepreneurs not only in the United States but also throughout the world. McDonald’s resides in the “gold standard” category for entrepreneurs nationally and internationally. Australia is about to mark an important milestone,...
While franchising provides multiple benefits for prospective business owners, the business model is not for everyone. Budding entrepreneurs are encouraged to do a deeper dive to see if purchasing a franchise is a good fit for them. Financial opportunities are...
Launching a business represents risk. Entrepreneurs are putting significant amounts of money on the line. Add to that the traditional ups and downs in the economy. One minute, the market is booming. The next minute, a recession hits. Nothing impacted businesses...