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.
So I ask you this question. “Why are you looking to start a business,…
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To break down a large goal into manageable tasks is neccessary to be able to confidently complete any project. It is no different for finding a franchise that meets your goals. We’ve broken down the process of buying a franchise into 5 simple steps:
Selection, Consulation, Presentation, Evaluation…
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Being able to quickly identify the type of franchise that meets your interests and objectives will save you time and money not ot mention headaches. By understanding the basic franchise characteristics you will be able to make better choices. Franchises types fall into five basic categories. Understanding what is involved…
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When you begin your due diligence process of determining whether a particular franchise is right for you, you will need to contact current and past franchise owners. This part of the process is referred as validation. During validation you speak with the owners and get their perspective. Following are…
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The entire process of due diligence, for both a Franchisor and a Franchise Candidate, should be about determining whether there is unified thinking. My counsel is to step back at the end of your due diligence process and ask yourself the following question: Did the process help both parties to…
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Uniform Federal Disclosure Document (UFFD or FDD), formerly called the Uniform Federal Offering Circular, (UFOC) provides prospective franchise investors with information about a prospective franchise. Company history, background information, risk factors and financial statements are just a few of the items covered.
To protect and inform the investor,…
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