By Christina D. McAmis, Esq. Attorneys, franchisors, and franchisees have all been fascinated by high-tech gizmos at one point in time or another. Most of us, dabble in the art of bringing high-tech into our current processes and systems. However, when your lower-tech doesn’t play well with the newer high-tech systems you end up with a mess – if you’re …
By Lynne D Shelton, Esq. Bullying in our children’s’ schools is a worldwide problem. This article will look at the problem, the costs, and how the franchise communities’ brands are helping to prevent bullying in our schools. Children and educational franchises have always been a fun business to be in, now they are showing an even nobler foundation. Worldwide Problem …
DripDoctors hit the ground running in 2017! From starting franchise sales, hotel collaborations, opening new clinics and having our Drip Sprinter on location at the hottest events and festivals, it’s been an exciting year so far! On April 1, 2017, we launched our second flagship clinic in Henderson, NV. It was met with a warm welcome from the city council …
In the spirit of full transparency in business negotiations, the Federal Trade Commission (FTC) makes all franchising companies present relevant financial information to prospective partners. Without this standard disclosure, it would be uncertain just how healthy a company really was. Those desperate to hook an investor would be able to hide defects in order to close a deal. Then, the franchisee …
Many entrepreneurs opt to franchise rather than start a business from scratch. There are many reasons for doing so. Perhaps they do not possess the full knowledge required to enter the market and make a profit. In other cases, they may want to take advantage of the parent company brand name and awareness, using it to increase the odds of …
If your business is thriving, and you feel you have a great concept, you may be looking to convert your business into a franchise. This way, other people can open stores in various areas using your business idea and models. However, before you do this, there are certain things that must be covered. Here are a few of the most …
You’ve completed your due diligence by researching potential firms. You’ve interviewed several franchisees to ask your most burning questions and hear the pros and cons firsthand. You’ve finally narrowed the opportunities and found a franchise offering a product or service that “fits,” one you think you’ll have a reasonable chance of success with. You’ve paid a visit to the franchise …
Franchise co-branding is becoming more popular. This refers to two or more franchises operating under or sharing the same space. The easiest way to envision this is by picturing a fast food restaurant inside of a gas station. You’ve likely seen one of these establishments during your travels, where the two businesses share a building. This doesn’t just occur with …
Non-disclosure agreements are extremely common. However, many people are not sure what they are, why they are needed and how they can help a business. A non-disclosure agreement can be made between a business and any party it works with. This can be an employee, lender, independent contractor or manufacturer. The agreement limits what the individual can say about the …
Owning a franchise can make you wealthy and successful beyond your expectations, but to make your dreams reality, you need startup capital. On occasion, you will also need short-term financing to meet obligations when your cash flows become uneven. Below are some of the most typical ways to finance a franchise.
