In a flash of inspiration, you now have a business idea that you believe in. There’s just one problem: starting a business takes money, which you don’t have. Funding your business from your personal savings might sound tempting, but that can be very risky. Here are some strategies for starting your first business when you ... How Can I Start My Business with No Money?...Read More
By Admin | Posted August 30, 2022
So, you’ve decided to invest in a franchise and enter entrepreneurship as a franchisor. You’ve picked out the franchise you’d like to open up, met with a franchisor, and reviewed the Franchise Disclosure Document (FDD). Much like investing in starting a small business, franchises typically require a bit of capital to fund the purchase. There … How to Get Loan Ready for Your Franchise
Read MoreBy Deborah Sweeney | Posted September 30, 2019
June is Immigrant Heritage Month, and it is a good time to think about the role those coming from another country have in operating businesses throughout the United States. When we think of immigrants, business ownership may not initially come to mind. However, the reality is that immigrants are a driving force behind many forms … How Franchising Helps Immigrants Live the American Dream
Read MoreBy Rick Bisio | Posted June 15, 2019
Have you always wanted to start a small business, but worry about the risks involved in succeeding with a startup? You may want to consider getting your feet wet by starting a franchise. Purchasing and running a franchise, whether it sells sandwiches or offers repair services, allows individuals to become franchisees. A franchisee can invest … 3 Types Of Franchises Perfect To Start In Spring And Summer
Read MoreBy Deborah Sweeney | Posted June 11, 2019
Have you heard of the franchise JDog Junk Removal & Hauling? This year, JDog Junk Removal & Hauling opened its 200thfranchise . They’ve been in business for just seven years, and JDog is on its way to becoming the fastest growing junk removal franchise in the United States. However, what makes JDog stand out from … What Veterans Need To Know About Getting Started With A Franchise
Read MoreBy Deborah Sweeney | Posted February 5, 2019
Most people who have a general knowledge about franchising know that every franchisor charges a royalty fee. A franchise owner is contractually obligated to pay the franchisor a portion of their sales over the life of the agreement. The payment is normally made on a weekly basis. However, there is a lot of confusion regarding … How Significant are Royalty Fees?
Read MoreBy Rick Bisio | Posted January 2, 2019
Although the Franchise Disclosure Document (FDD) is a uniform document providing information about a franchise organization, there are many aspects about owning and operating a franchise that vary from state to state. This can include taxes, real estate leasing prices, operational costs and local licensing agreements. The Franchise Rule The first area of focus tends … Consider Local Factors Before Purchasing a Franchise
Read MoreBy Rick Bisio | Posted December 12, 2018
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 must also be taken into consideration, too. These … Why Does a Trademark Matter to a Franchise?
Read MoreBy 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 projected … Now is a Great Time to Start a Business
Read MoreBy 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 details about the franchise system and franchisor’s expectations — broken … A Quick Primer Inside the Franchise Disclosure Document (FDD)
Read MoreBy Deborah Sweeney | 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 as a franchise coach. Case in point, I’ve had to … What’s New in Franchise Financing for 2018
Read MoreBy Rick Bisio | Posted July 10, 2018
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