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Category Archives: Understanding Franchising
Understanding Franchising – Part Five
How Do I Avoid Mistakes? In the right circumstances, franchising reduces the risk of getting into business. Nevertheless, your process of investigation should be extensive and methodical. Most initial buyers will say, “I don’t even know what questions to ask.” … Continue reading
Understanding Franchising – Part Four
What Are The Advantages and Disadvantages of Franchising? Advantages: There is an already successful model to view and evaluate, and your rights are clearly delineated in a contract. Instead of needing to think through thousands of details on your own, … Continue reading
Understanding Franchising – Part Three
What Can I Expect to Pay? Most franchisors charge an initial fee (often referred to as the franchisee fee) to cover the upfront costs of “setting up” the franchisee in business. These companies have often spent a great deal of … Continue reading
Understanding Franchising-Part Two
How Does One Qualify For A Franchise? Most franchise companies have set forth a number of criteria against which you will be qualified, such as: Financials — Franchisors don’t want you to be “overextended” on your purchase, thereby limiting your … Continue reading
Understanding Franchising -Part One
Understanding Franchising Franchising is a powerful economic force, according to a study conducted for the International Franchise Association’s Educational Foundation by PriceWaterhouseCoopers, which found that A franchise opens every 8 minutes in the United States, franchising employs over 21 million people, … Continue reading
Women Business Owners to Lead the Nation in Job Creation (Small Business Trends)
Where will tomorrow’s jobs come from? Everyone from Main Street to the White House is focused on that question. Well, according to new data projections from The Guardian Life Small Business Research Institute, future job growth will be created primarily … Continue reading