If you’re interested in becoming your own boss, but you’re worried about the uncertainty of starting a new brand from scratch, buying into a franchise may be a great option! In a franchise deal, a franchisor (or a parent company) licenses its business model, products, or operations out to a franchisee (an individual who operates ... What Are the Main Types of Franchising?...Read More
There are quite a few different types of financing options for owners of franchised businesses. Just as a solid business plan is necessary, so is a sound financial strategy. Explore the different financing options available, shop around for the best terms and interest rates and do not be hesitant to ask successful franchisers how they … Financing Options for Franchise Owners
A business plan is a written document that is broken down into several different sections that set the procedures for operating your business and enabling you and your lender to understand and plan for the needs of your business. Think of the document as telling your story and answering the who, what, when, where, and … Business Plan – A Blueprint For Your Business
When considering the purchase of a franchise, it is important for prospective franchisees to understand the Franchise Disclosure Document (FDD) provided by the franchisor. The disclosure document provides all relevant information about the company including a history and overview of employees, as well as the franchise agreement which outlines what the franchisee is guaranteed by … Legal Questions to Ask When Purchasing a Franchise
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