Posts Tagged with "Franchising"

Working on our new franchise blog

Friday, October 3, 2008

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It’s official, my company is finally stepping into the 21st century by having its own franchise blog. I had been waiting for this since I joined the company earlier this year. After agreeing on the development of a brand new website (to be coming soon), my boss understood the importance of setting up a blog, which [...]

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When commenting on blogs goes wrong

Wednesday, October 1, 2008

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As a marketing guy working in the franchise industry, I keep myself informed by reading the news, and subscribing to blogs. The problem is there is not many good franchise-related blogs. Most of them are created by franchise directories with the sole purpose of writing articles stuffed with links to various pages on their site. [...]

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Key Steps to Buying a Retail Franchise

Thursday, May 29, 2008

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Considering that sales from franchises account for billions of dollars in revenue every year, buying a franchise is statistically the safest way to own a business – provided you choose the right franchise. Below are listed seven key steps that will help you choose the best retail franchise for you. 1) Evaluate your interests, skills and financial [...]

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What You Should Ask Before Buying a Franchise

Thursday, May 29, 2008

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Buying a franchise means putting big dollars on the line, and, for better or for worse, your success doesn’t entirely depend on you – the quality of the company behind your franchise also matters. It is therefore important to learn as much as you can about the parent company before you make an investment. Consider asking [...]

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The Small Business Franchise Act

Thursday, May 29, 2008

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Originally introduced in 1998 and passed in 1999, the Small Business Franchise Act (SBFA) is has put into place certain safeguards designed to eliminate fraud and other activities that might exploit franchisee investors. Common opinion holds that the SBFA was introduced in order to give franchisees additional bargaining power against franchisors. Michigan congressman John Conyers, Jr. [...]

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Warning Signs When Buying a Franchise

Friday, May 23, 2008

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Because investing in a franchise is a life-changing event, every prospective franchisee should thoroughly investigate a franchise opportunity before signing any sort of franchise agreement. While there are multiple websites and books floating around that outline the steps that ought to be taken in the interests of due diligence, you should take a minute to review [...]

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How Do You Survive Franchisor Bankruptcy?

Friday, May 23, 2008

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It takes immense discipline and fortitude to survive a franchisor’s bankruptcy. It’s a good idea to have a plan to minimize any potential losses in revenue and reputation, just in case such an unfortunate circumstance arises. When armed with a plan, you’re more likely to avoid disaster and consequently keep your business afloat. The following are [...]

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Finding a Franchise

Friday, May 23, 2008

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There are a number of ways you can find and purchase franchises. Keep in mind that due diligence is necessary, and anything that sounds too good to be true probably is. The ways in which you can locate and purchase franchises include: Directly Through the Franchisor: As a general rule, franchisors list information on their websites or [...]

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Franchise Financial Performance

Friday, May 23, 2008

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Your status as either a potential purchaser or merely a curious member of the public partially determines the amount and quality of information you’ll be able to discover about the financial performance of a specific franchise. Potential purchasers are able to find out about a franchise’s financial performance via the Federal Trade Commission’s (FTC) Franchise [...]

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Government Regulation of Franchises

Tuesday, May 20, 2008

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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 [...]

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