Recently, Jason Power, one of our senior partners, was asked to write a three part series for Franchising USA Magazine about buying a franchise. In his article, he discusses the best ways to negotiate a franchise purchase, what to ask yourself and those close to you before you buy a franchise, where you can look to for help with researching …
Free Business Growth Seminar – November 5, 2013
Our senior attorney, Lynne Shelton, will be presenting a free seminar on growing your business at the Folsom Chamber of Commerce on November 5, 2013. Email us now at Jereme@sla.law to reserve your seat before they run out.
What can I learn from a franchise trade show?
In the October issue of Franchising USA, one of our senior franchise attorneys,Lynne Shelton, was asked to write an article about the benefits of attending franchise trade shows. Trade Shows are always great places to pick up tidbits of information, but within the franchising industry they epitomize their trade by guiding others. After all, isn’t that what franchising is all …
Franchise vs. Business Opportunity: The Debate On Every Entrepreneur’s Mind
What is the difference between a franchise and a business opportunity? This is a question that is on the mind of pretty much every person who attends a franchise or business opportunity trade show looking for his or her new career path. However, the people selling each of these types of businesses never really give a good explanation of why …
A new chance to find your franchise is launching next weekend.
We recently spoke in one of our franchise blogs about the different ways to find a franchise business. One of the ways discussed was to attend different franchise trade shows across the country and meet the franchisors face to face. It just so happens that one of those events is taking place in Los Angeles, CA next weekend, September 7 …
Franchise Sales… Are you in compliance?
Face it, every franchisor wants to sell franchises, but are they following all of the rules when doing so? The Federal Trade Commission and various states have laws that relate to the sale of franchise opportunities. Although the FTC does not require registration of the FDD or franchise sellers, in registration states a franchisor must give a list of the …
Using a Discovery Day to your advantage.
Most franchisors host some form of Discovery Day or Join the Team day. This event is intended to be a show and tell day culminating with a celebration that the select franchisees in attendance are signing franchise agreements and becoming part of the franchise system. As a franchisor, to get the most value from a Discovery Day, you should take …
Gamification – a novel way to “Expand Your Brand.”
One of our franchise attorneys, Jason Power, recently learned about the concept of gamification from an online learning course that he took. Gamification is a way of bringing concepts from games, such as video games or even board games, to non game related avenues. We all see this every day, but bringing it to the world of franchising may help …
Want a great place to meet franchisors…
If you are looking for a great place to meet franchisors and will be in the Anaheim, CA area this October, you should join Shelton & Power and hundreds of franchises at the West Coast Franchise Expo. During the weekend of October 12-14, the Anaheim Convention Center will host between 300 and 500 franchise concepts that are looking for qualified …
Get it in writing!
From time to time we meet with business owners, franchisors, franchisees, and employees to discuss issues involving verbal agreements. Although enforceable, verbal agreements for the most part are worth the paper they are printed on. This is because many times a verbal agreement is a he said, she said argument where neither side can be believed with 100% certainty. But, …