At Shelton Law & Associates we are commonly asked about what causes franchisees to ground themselves before they even had a chance to liftoff. Below are the 4 biggest mistakes that franchisees make before getting started, however, they all revolve around time. It is important to remember to not rush and to take the time to ensure that you are …
The Making of an American Franchisee: Why Franchisors should focus on Veterans
Article by: Lynne D. SheltonPublished in the Franchising USA Magazine, August 2015 edition (click to view online) Franchisors looking for a laser focused method of growing their systems through choosing the right franchisees, who also have the correct cultural fit for their brand, would benefit by looking to the veteran pool of potential business owners. Veterans have instilled in them the teamwork diversity and ethical …
Master Franchising – What is it?
Article by: Lynne D. SheltonTo read this article from the Publication source, please click here. Most of us know that a franchise is an Agreement between the originators of a business or concept and a person who wants to duplicate the originators concept in exchange for paying a fee. But what is a Master Franchise? A Master Franchise is a franchisee who has been …
Take a Trip to a Trade Show
Article by: Lynne D. SheltonTo read the original article at Franchising USA Magazine, click HERE. 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 about, teaching others to do what you already know how to do? Many of the top level …
Franchising 101: Terms, Traits, and Tools, Part I
Article by: Jason W. PowerTo read this article in its original format with Franchising USA Magazine, click HERE. Each year thousands of people reach for the American dream of owning their own business. Many of these people look to franchise ownership as a way to realize this dream while reducing the start-up risk. This series of articles will provide key information on how to …
Franchising 101: Terms, Traits, and Tools, Part II
Article by: Jason W. PowerTo read this article in its original format with Franchising USA Magazine, clickHERE. In last month’s article, I discussed the basic terms and definitions associated with franchising, the influence franchising has to the U.S. economy, and how to perform a cost/ benefit analysis of a franchise purchase. This month’s article of our three-part series will talk about analyzing yourself and …
Franchising 101: Terms, Traits, and Tools, Part III
Article by: Jason W. PowerTo read this article in its original format with Franchising USA Magazine, click HERE. Throughout this Franchising 101 series, I have discussed the basic terms associated with franchising and topics such as why consider buying a franchise, what to ask yourself before buying a franchise, and how to analyze the FDD and the franchisor. This month’s article will discuss the final …
Franchise vs. Business Opportunity: The Debate On Every Entrepreneur’s Mind
Article by: Jason W. PowerTo read this article in its original format with Franchising USA Magazine, click HERE. 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 …
Advice for Future Franchisors
Article by: Lynne D. SheltonWhen we talk with business owners, many times they have questions regarding what they should be evaluating and thinking about when they are planning on franchising. This article is designed to focus the business owner on whether they can or should franchise, and if so, what they need to be working on to get ready. Franchising is not a business …
Is it a Franchise or a Business Opportunity?
Article by: Lynne D. SheltonWhat is the difference between a franchise opportunity any business opportunity? A business opportunity simply gets you started in a business. Once you start your business, you are basically left on your own. In contrast, franchise opportunities imply a contractual relationship with the franchising company, a partnership that will exist as long as you’re in business, typically 10, 20 or …