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prospective franchisors Tagged Articles
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How to Evaluate Franchise Support
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| I've narrowed my search down to three franchises. All of them promise great support. How can I get a better idea of what I'll really get from each of them? |
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Explaining the UFOC
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| The UFOC should be presented at the time the franchisee is asking for information. It sets the guidelines, which the franchisee and the franchisor are supposed to follow. |
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Other prospective franchisors Related Articles
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Franchisee performance
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| High performing franchisees are vital to the franchisors success. Franchisors need to operate effective support systems to minimise poor network performance. |
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Government Regulation of Franchises
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| In the United States, all franchisors must abide by the Federal Trade Commission's (FTC) Franchise Rule, which requires franchisors to prepare a disclosure document called the Uniform Franchise Offering Circular (UFOC ) / Franchise Disclosure Document (FDD) and give a copy of that document to prospective franchisees prior to their purchase of a franchise. |
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Franchise Financial Information
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| As dictated by the Federal Trade Commission (FTC), franchisors are required to give prospective franchisees a copy of their Uniform Offering Circular (UFOC) document, which contains financial and material information about the franchisor. |
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Great Small Business Franchises For The Skilled Administrator
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| Do you love flexing your left brain while multi-tasking between a spreadsheet and an e-mail inbox? For those of you with a gifting in administration, there are some great business opportunities for you and with your much coveted skillset, you have exactly what many franchisors are looking for in a prospective franchisee. Here's a look at some of the best small business franchises for skilled administrators. |
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Franchising - Current Economy Offers Great Incentives
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| As we approach the new year, many prospective franchisors wonder whether developing a franchise operation is a wise decision with the U.S. mired in a recession. Conversely, prospective franchisees wonder whether purchasing a franchise makes senses given the current economic climate. The quick answer to both... |
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Franchisors Need Balance Between Adding New Franchises and Building Franchise Sales
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| Franchisors typically focus a good deal of attention on adding new franchise locations. New franchisors usually consider the sale of new franchises an important prerequisite for future success. However, In addition to the on-going need to add new franchise locations, franchisors should focus attention on growing individual franchise sales. |
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The Franchise Contract: Understanding the Personal Guaranty
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| One of the most important provisions of a franchise agreement is the personal guaranty. It’s important for prospective franchisees to fully understand the reason why franchisors require this covenant and what the implications are in the event the franchisee has problems. When performing franchisor due diligence, keep this factor in mind. |
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An Accountant's Representation of a Franchise Client
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| The articles discusses the franchise laws and how they affect both franchisors and franchiees and the specfic needs that these types of clients have for their tax and accounting needs. This includes the special financial accounting requirements of franchisors including audited financial statements and the reporting of franchisor income and expenses. This also includes the needs of prospective fanchisees in preparing a busines plan and setting up a new company to operate the franchised business.This will help accountants better understand these types of clients and facilitate the accountnt's interaction with the attorneys for franchisors and franchisees. |
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Franchisors Should be Careful When "Selling" a Franchise
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| Franchisors should avoid the aggressive "selling" of a franchise; they should direct their efforts into providing prospective franchisees the information needed to make an educated and well informed decision. Learn why this is important.
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Why You Lost Yet Another Franchisee Prospect to Your Competitor
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| Franchisors are usually too busy managing their businesses or working with new franchise candidates to recognize why the prospects they almost brought into their franchise system decided to abandon the process or, worse still, join up with a competitor. Chances are they will keep losing candidates and never know why. Franchisors need to take a hard look at their franchise opportunity from a perspective franchisee's point of view to understand where they could be going wrong (and their competitors are going right).
And for prospective franchisees, this article will give you a rare insider's view into what the folks on the franchisor (corporate) side are thinking when they are attempting to sell you on investing in their franchise business opportunity. |
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