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
If you’re planning to invest in a franchise business, you owe it to yourself to do your due diligence before committing to a particular brand. After all, you’ll be investing significant time, money and resources, so it pays to be thorough. At the International Franchise Professionals Group (IFPG), we are committed to helping aspiring business owners … A Franchise Owner Discusses Due Diligence in Researching Opportunities
What comes to mind when you think of a kiosk? You may imagine one of the following vendor franchises. Booths set up throughout shopping malls or at outdoor promenades Machines, like snack vending machines and DVD rental boxes Food carts ATMs Choosing to invest in a kiosk franchise is a unique opportunity for potential franchisees. … Kiosks: 3 Reasons Why This Franchise May Be a Great Fit
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
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
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
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
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?
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
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?
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
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