If you are new to the world of franchising, you may be surprised to learn how rigid and inflexible the franchise “rules” can be. It seems inconsistent with a business format that is praised as an avenue for creativity, entrepreneurship and the
Whether buying or selling, there are two schools of thought: 1. Being a franchise is good; or 2. Being a franchise is bad.
Why good? It has become a more understood method of expansion. It is true, you can grow a business using other people’s money. You can buy a “proven” concept with support and know how—if you do your homework… Continue reading
Time for an iPad post acquisition update. iPad is the best thing since sliced, I mean organic, bread!
Not only did my iPad steer me to a mediation located in a maze like part of town after I missed my exit, but it kept me both informed (email,google and safari for quick research) and entertained (USA Today, AP, NPR, and even… Continue reading
When business is good and the franchisor-franchisee relationship is positive, the contract doesn’t matter. If things goes south, it’s all you have. Too often franchisees are so caught up in the struggle to make their business profitable and keep it going, that they put off addressing core problems involving the franchise. They just cannot seem to find enough time to deal with difficult underlying issues. Continue reading