Franchisees have a lot on their plate before they invest in purchasing a franchise. They need to interview with a franchisor, thoroughly read the Franchise Disclosure Document (FDD), incorporate the franchise to save on payroll FICA taxes, and file for a Doing Business As name (DBA). Trademarks...Read More
By Deborah Sweeney | Posted October 22, 2018
There are a lot of reasons why now is a good time to take the leap and start a small business. 2018 and 2019 are both shaping up to be advantageous economically, thanks to 2018’s tax reform that benefits small businesses. Overall the health of the economy is positive. A study conducted by Intuit...
By Eric Bell | Posted October 15, 2018
Before a franchisee makes the decision to invest in a franchise, they must thoroughly read the Franchise Disclosure Document (FDD). This document is typically provided to the franchisee by a franchisor once the franchisee has completed and submitted in their application. The FDD contains extensive...
Posted August 13, 2018
To the outsider, franchising may appear static. However, to those of us who specialize in this sector, we know that franchising is constantly changing and evolving. These evolutions not only require staying up to date, they necessitate changing strategies to offer effective, and current, advice...
By Rick Bisio | Posted July 10, 2018
Franchisees who are serious about buying a franchise already know that they’ll need to undergo an interview with a franchisor before they can sign the franchise agreement and make the investment. Much like any interview, franchisees know they can’t walk in unprepared. They have to do their...
Posted July 02, 2018
When it comes to financing a franchise, you have several options to choose from—withdrawing funds from your retirement account, small business administration loans, financing through the franchisor, home equity loans/second mortgages, borrowing from family or friends, or using your own savings....
By Eric Bell | Posted May 17, 2018
Many entrepreneurs new to starting a small business know there are a few legal procedures they must accomplish before they can open up shop. Some of the primary ones include incorporating or forming an LLC to protect their assets, obtaining employer identification numbers (EINs) if they plan on...
Posted May 08, 2018
Prior to Investing in a Franchise, Interview Existing Franchisees First One of the most important steps in your journey to find the ideal franchise opportunity is what's known as validation. Validation refers to the process of interviewing franchisees who have bought into a concept that you have...
By Eric Bell | Posted April 23, 2018
Those who are familiar with the business side of franchising may know that private-equity firms have viewed franchises as attractive investments. Due to several recent high-profile examples of private-equity companies purchasing franchises, this growing relationship has come into greater focus as...
By Rick Bisio | Posted April 04, 2018
What’s more important: growing your business quickly or right? Part of an entrepreneur’s job is to set ambitious goals. But when does a goal become more about profit, and less about increasing quality? Navigating the choppy waters of starting your own business can feel impossible. So how can...
By Staff Writer | Posted March 28, 2018
As of 7/13/18:
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