There are many things you should be asking a Franchisor about the franchise he sales. Here are the Top Five Things to Ask Every Franchisor 1. How long have you operated this exact business model you are franchising? 2. What is your five year plan? 3. What continuing assistance are you promising to give me […]
Do You Know Who You Are Dealing With?
Lately some franchise and business opportunities seem to be more like a lot of the mystery business web sites on the Internet. Can you tell who you are dealing with? Let’s start with the company. Where is it located? State and city? Can you even tell what country? Is it a corporation or an LLC? […]
Franchises: Keep It Simple
We in the legal profession are often unjustly accused of being “deal killers” and of making things too complicated . The real problem frequently turns out to be the “fly by the seat of the pants” entrepreneur or business person who acts and reacts before thinking. Then they call the lawyer! In franchising, however, I […]
So You Think You Want to be a Franchisor?
Feel the need to franchise your business? FAQs answered. I come from the Keep It Simple school of franchise law, and prefer to make franchising as uncomplicated as possible. But it is still not something you should just jump into because you think franchising is a fast way to grow or a great way to […]
What Is “The Best Franchise” to Buy?
What Is “The Best Franchise” to Buy? Everyone wants to know the best franchise to buy, but it is really a meaningless question. There is no such thing as best franchise or even worst franchise. The “question” covers a lot of ground. The purpose of owning a franchise is to own a profitable business. So […]
