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Franchisees And Dealers Nationwide
Buying into a franchise is an excellent way to become a business owner. Franchises help entrepreneurs with investment capital tap into demand for a specific brand’s goods or services. They can bring a popular company to a local audience. Once people are aware of the...
At its core, franchising involves the use of trademarks, trade secrets, and other forms of Intellectual property (IP). Franchisees are investing in a brand’s awareness, which often derives from name recognition, logos, slogans, and other trademarked items. Investors...
Running a franchise is a lot of work. Yet, a franchise can fail just like any business, and the franchisor may not readily save the franchise from failing. Franchisees can take steps to reduce the risk of failure. Here is what you should know: 1. Research the...
Most people setting out on their franchise journey focus on startup costs, initial operations and growth potential. While those are important considerations, having an exit strategy is equally crucial. Things may not work out as expected, and you never know when you...
A franchisee has a very unique position. On the one hand, they are running a business, such as a fast food location, an auto dealership or another type of retailer. At the same time, this isn’t a business that they started. They’ve purchased the license from the...
A franchise agreement is a complex, highly-valuable contract between an entrepreneur and a company offering business opportunities. The franchisee signing the agreement effectively buys into an existing company to operate a standalone facility. They may have what is...
Franchising can offer a unique opportunity for you to own and operate a business under an established brand, benefiting from its repudiation, proven business model and ongoing support. This can provide you with a higher likelihood of success compared to starting a...
Investing in a franchise can streamline the startup process for someone who wants to become their own boss. They can tap into a pre-existing customer base by purchasing an opportunity with a well-established domestic brand. In theory, franchise opportunities can be...
A franchise agreement is a contract – and those contracts eventually expire, even if that is five, 10 or 15 years down the road. At that point, you generally have the option to renew your agreement with the franchisor, but only if you meet all of the renewal...
Entrepreneurs and investors often choose to pursue franchise opportunities as low-risk business options. Ideally, franchisees tap into an existing market and benefit from becoming part of a trusted and well-known brand. Unfortunately, issues ranging from restrictive...