If you’re considering becoming a franchisee, you may have the opportunity to participate in a "Discovery Day" with a franchisor. Discovery Days are an opportunity to find out if a franchisor is the right fit for you before you enter into an agreement. To make the most...
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Franchise Law
Financing a franchise
The up-front costs to open a franchised business can be as little as $20,000 and as much as many millions of dollars. For many franchisees, this means finding a way to finance their investment. Many financing options exist and prospective franchisees should consult...
Common misconceptions about owning a franchise
Owning a franchise can be very rewarding. It also requires a significant financial investment and a substantial personal commitment of time and effort. While most people have some familiarity with franchising, at least as a customer of franchise businesses, there are...
Are you prepared to commit to a franchise? How can you tell?
Owning a franchise can be your ticket to entrepreneurial freedom and financial success. But before jumping headfirst into a franchise agreement, ensure you are truly ready for everything the business entails. Buying a franchise is not a decision to take lightly....
Reasons Franchisees Succeed
With any new business, there is always the potential for failure. Prospective franchisees often look into franchising because they want to run their own company and they are looking for the most stable way to become a business owner. Franchisees are more likely to...
What joint employer liability means for franchise businesses
Franchise businesses have become a cornerstone of the modern entrepreneurial landscape, offering individuals the opportunity to own and operate their own businesses with the support of an established brand. However, amidst the many advantages and opportunities, there...
How do you know if a franchise is a good fit for you?
Entering the world of franchising is a significant decision that could transform your career trajectory. The benefits of operating under an established brand can be considerable, but it's essential to recognize that owning a franchise comes with risks and...
Beware of oversaturation in the market before you invest in a franchise
Are you thinking about investing in a franchise? Before you sink any of your hard-earned money into an enterprise, no matter how profitable it may seem to be overall, you need to perform a certain amount of due diligence to make sure that you fully understand the...
Critical duties of a successful franchisee
Embarking on a journey as a franchisee entails accepting numerous responsibilities essential for the operation and success of your franchise. The franchise agreement will outline what duties you have. Understanding these duties before signing the franchise agreement...
4 FAQs about buying a franchise
The idea of owning a franchise can be an appealing path to business ownership, offering you the opportunity to work within a proven system and capitalize on an established brand name. However, this venture also comes with its own unique set of risks, responsibilities,...