Buying a Franchise
Is It Time for Change in the Franchise Regulatory System?
Australia recently revamped their franchise system, and Canada has made some changes, too. European regulations change, but the U.S. hasn’t made many changes at all in decades. Franchise lawyer Rupert M. Barkoff wrote in the New York Law Journal that U.S. franchising law has essentially been static since 1979. There…
The Franchise Disclosure Document and You
The Franchise Disclosure Document is a standard document that serves as the basis for your franchise business contract. It also allows you to compare franchise business opportunities more easily, because every franchisor must fill out the same basic information. But it can also be an overwhelming documents, and it is…
MinorityFran/DiversityFran Business Opportunities
Minority-owned businesses account for over 15% of all businesses in the U.S., producing $591 billion in revenues each year and employing 5.9 million workers. When looking specifically at franchise businesses, though, the IFA says that more than 20% of all franchise businesses in the U.S. are minority-owned. For food-related franchise…
New Survey of Franchisors
Online marketing leader Yodle’s new survey of franchisors provides some insights into what franchisors want for those who want to become franchisees. What franchisors want? That may not be top of mind for you as you look for the best franchise business opportunity. You are probably focused on what you…
Can You Bootstrap a Franchise Business?
The expression started out as “pulling yourself up by your bootstraps” — an impossible thing to do, so in the 19th century it meant a tall tale or an impossible claim. In the 1920s, it gained the meaning of succeeding by one’s own efforts or being a self-made man. By…
What You Can Get out of a Franchise Business
Owning a franchise business is different from owning an individual start up business in a number of ways. One of the clearest is the end game. Your franchise agreement is for a specific length of time. An independent start up may hope to be bought out by some deep-pocketed competitor…
Franchise Business Opportunity Promotions
Right now, 7-Eleven is offering certain franchise business opportunities with an amazing promotion — they’re waiving the franchise fee. That can mean a savings of tens of thousands of dollars for qualified franchisees. It’s not long since TCBY and Mrs. Fields were offering a BOGO: both franchises for the initial…
Franchisees and the New Menu Rule
New national menu rules went into effect in December, so fast food and fast casual franchises have had a couple of months to figure out the new rules and how to apply them. That doesn’t mean everything is settled. Congress now requires restaurants and places serving “restaurant type” food to…
Franchising Rules!
You might have read that title as an exclamation – an elated cry of, “Franchising rules!” – summing up all of your feelings towards the franchise business model. There is no doubt that owning a franchise can be a great thing, but the goal of this article is to make…
10 Reasons to Invest in a Franchise Business
Whether you’ve cashed out from an investment and you’re looking for your next win or you’re starting out in life and you want to make your backer proud, franchise businesses are great options for investors. Here are 10 reasons you might choose a franchise business: Franchise businesses are proven moneymakers….