Owning a franchise can provide opportunities for growth and success, as well as access to an already-there consumer base. The lower risks often associated with this business model might help you feel more secure in your ownership. Scaling as part of your business plan...
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Franchise Law
Does your franchise agreement contain these critical elements?
Before signing a franchise agreement, be sure that you understand that terms of the agreement and that the agreement you enter into is sufficient to protect your interests. Understanding some basic elements of a franchise agreement can help guide your business in a...
How do franchisees benefit from protected territory?
Concerns about competition are natural for many business owners. You want to run a company that can compete with similar businesses for the dollars of the buying public. This is probably why you seek to run a franchise with a proven track record. However, what if the...
How to lower your risk level when buying a franchise
Business decisions involve at least some degree of risk, and buying a franchiseis among them. How much risk you face depends on certain variables, such as how established and successful the franchise system is already, the support provided by the franchisor, whether...
Where to find financing for a franchise
When you want to open a franchise in Rhode Island, you may not have enough money available to you to finance the upfront costs. Today’s franchise owners finance their franchises using a number of different sources, and you may find that you have several options...
Do you have what it takes to be a franchise owner?
If you want to take advantage of the booming economy and mostly be your own boss, you may be looking into buying a franchise. Depending on your interests, you probably have plenty of options. In fact, according to Statista, there are nearly 754,000 franchise...
5 things to consider before buying a franchise
Owning a franchise offers several benefits for entrepreneurs. It also comes with risks and responsibilities. Before buying a franchise, potential owners should speak with a knowledgeable franchise attorney and consider factors such as these five questions. Is the...
Trends in the use of area reps in franchise systems
Franchising is appealing to franchisors because it provides for fast business growth with immediate income in the form of upfront payment of franchise fees for the franchisor, without bearing most of the day to day business expenses borne by the franchisees and with...
How do you finance a franchise?
The initial investment needed to purchase, build-out, and open a franchised business often requires franchisees to consider financing options. Because there are numerous options to choose from, entrepreneurs must approach the process carefully. It is important to...
Practicing due diligence before buying a franchise
Before buying or selling a franchise, prospective franchisees and franchisors should take steps to ensure they understand each other’s expectations and responsibilities. The Federal Trade Commission requires franchisors to provide prospective purchasers of franchises...