Know the “Demand” Before Buying a Franchise

Tuesday, September 22, 2009

As you continue on your journey in purchasing a franchise, there are a number of factors you will need to know. Of the many, one that rises to the top is understanding the demand for your targeted franchises product or service. Knowing this one element, will help you avoid common pitfalls Read More

Seven Things to Consider Before Leaving Your Job

Tuesday, September 22, 2009

ABC News recently reported that the unemployment rate was 9.4 percent, the highest level since August 1983. Don't become a statistic. Read More

Negotiating Franchise Relationships

Tuesday, March 31, 2009

Entering into a franchise agreement binds your relationship with the franchisor. It's important to ensure the agreement addresses your requirements without jeopardizing future relationships with the franchisor. While it seems, in business, you would want the best position or outcome in any deal. In the realm of Franchises, that is not the case. Quite often its the opposite. Read More

2009 Stimulus Bill Loans for Small Businesses and Franchises

Monday, February 09, 2009

One way the 2009 Stimulus Bill will help small businesses and franchises obtain SBA (Small Business Association) Loans, is by the creation of the Secondary Market Lending Authority. This Authority will establish an office in the SBA that is able to provide loans to Secondary Market Broker-dealers. The Secondary Market Broker-dealers can use these funds to finance the inventory of the government guaranteed loans closed under the Small Business Act. Read More

Stimulus Bill 2009, American Recovery and Reinvestment Act and Franchising

Monday, February 09, 2009

The American Recovery and Reinvestment Act of 2009, known as the 2009 Stimulus Bill, is important for current and prospective franchise owners. Sections pertaining to the Small Business Association (SBA) are particularly vital. These factors, if approved, will loosen credit and provide investors opportunities to buy franchises. Read More

Franchise Consultants - Your “Free” Expert Guide

Saturday, January 31, 2009

There are only four ways to go into business. You can start a business from scratch. You can buy and existing business. You can become a consultant. You can buy a franchise business. The later, buying a franchise, is the option which allows you to buy a pre-established operating system that reduces the risk. Read More

What is VetFran?

Monday, November 17, 2008

VetFran is a program that offers financial incentives to honorably discharged U.S. veterans. The official name is, Veterans Transition Franchise Initiative. Read More

Finding a Firm Business in a Soft Market

Thursday, November 13, 2008

Take a look around you and you can see signs of the flailing economy. Jobless claims are up, businesses are downsizing and others are going bankrupt. Not to mention the foreclosure and credit crisis. Read More

Franchising and McDonalds

Monday, August 11, 2008

Most often in the United States, when the topic of Franchising is brought up, McDonald's, the most-recognized name in franchising, is mentioned. Why is this? Let's first talk about what franchising is and then how McDonald's shaped the franchise business industry. Read More

Federal Franchise Sales Law Updated

Monday, August 11, 2008

In response to changes in technology and market conditions, after 12 years of rule making proceedings on January 22, 2007 the Federal Trade Commission approved (by a 5-0 vote) a substantially revised FTC Franchise Rule (16 C.F.R. Part 436), our only federal franchise sales regulation. This regulation (the "New Rule") has been significantly modernized for the first time since October 1978 (the "Old Rule"). In support of the New Rule, the FTC published a Statement of Basis and Purpose. It sets forth the agency's rationale for many rule changes and provides detailed explanations of the New Rule's requirements. The New Rule becomes effective on July 1, 2007, when franchisors may (but need not) provide prospects with franchise disclosures in accordance with its terms. Compliance is mandatory on July 1, 2008. Read More