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May 11
(FS2) Area Representatives & Franchisor RetroFranchising

The area representative is unique in the franchise system. They are the person the salesperson for the franchise and generally make a commission off of each franchise they sell. They answer questions, provide support for the franchisees and may have other responsibilities. In many cases they will also pay a fee to the franchisor just […]

Apr 13
(FS2) Finding Trends in the Franchise Industry

A great example of this is in the restaurant industry with franchising. You may think that all food based franchises are the same. Pizza restaurants are an excellent example of this. There are some restaurants that deliver and others that don’t. You will find that some offer a restaurant inside where people can enjoy their […]

Apr 06
(FS2) Franchise Series 2 – The Many Franchise Options

Every year there are more franchise opportunities that you can take advantage of. The only thing that really limits franchisors is their imagination and the skill-set that they have. Franchises can cover more than just food. In fact there are more than 120 different business categories that offer franchises, including car washes, hair salons, dog […]

May 04
(FS2) Multi-Unit Agreements and the Master Franchise

When you have a multiple unit agreement you will need to have two different agreements in place: the area development agreement and the franchise agreement. While it may seem confusing as to why you need these, the fact is that they each serve their own purpose. The area development agreement is what stipulates the rights […]

Apr 20
(FS2) Single? Double? So Many Franchise Options

Franchising is a great way for people, groups of investors or business entities to own a business. This is because there are many advantages and opportunities that it can provide. There are many different ways that the relationship with the franchisor can work depending on many factors such as the category, the size of the […]

Apr 27
(FS2) What About The Multiple Unit Franchisee?

Multiple unit agreements, also known as area development agreements, are franchise relationships that give the franchisee the ability to create multiple single unit locations in a certain area. This is because there is an agreement upfront of a certain number of stores that will be opened for that store. The contract will generally define the […]

Jun 08
(FS3) Being Realistic About Franchising is Key

There are a lot of myths about franchising and business ownership. You should always assess what is fact and what is fiction when you approach any situation. That includes the statement, “You are your own boss”. While it’s true that business franchisees run their own store, you are still subject to the franchisor. You will […]

Jun 01
(FS3) Franchise Series 3 – The Franchisee’s Checklist

Not everyone is cut out to run a franchise. Those with more passive business aspirations are some of the few that would not do so well running their own business, but there is more to it than that. It’s always important to make a self-assessment before you make any large purchases, investments, or changes in […]

Jun 15
(FS3) Is Franchisee the Title For You?

While all the books, blogs, and articles in the world can tell you what to expect, what business franchisors will give you as a business franchisee, only you will be able to make the decision for yourself. It’s a personal decision based on personal questions and self-evaluation. While you might face obstacles based on your […]

Aug 03
(FS4) A Brief Discussion on Family Dynamics and The Franchise

It’s important to visit as many franchise headquarters as you can as you investigate which one is for you. This can get expensive quickly, but it is essential in discovering how well a franchisor can take care of you through the visual of how well he takes care of his home space. Consider the risks […]

Jul 27
(FS4) Deciding Between the Fine Details on a Franchise

There are many small details that will make one franchise, even within the same industry. This can include things like purchasing an older franchise or buying a completely new store. This will be something you ask your franchisor and you evaluate, but here’s a place to start.   Working With a Pre-Existing Franchise Location There […]

Jul 06
(FS4) Franchise Series 4 – Picking the Right Franchise

So you’ve decided that you want to be a franchisee. You’ve realized the benefits that come with a solid franchise company such as a system that removes any guesswork for running a business and also giving you the tools you need to avoid the common mistakes and kinks that business owners experience when doing an […]

Jul 13
(FS4) Reliable Sources for Information on Available Franchises

Choosing the right franchise is a daunting task. This will set up your finances and your job for what could be the rest of your life. It’s a huge investment of time, money, and resources, so making sure you have enough information to make an informed decision is key.   One of the best ways […]

Jul 20
(FS4) The Franchise Broker and What They Do for Business Owners

Franchise brokers can be essential to franchising as they are individuals or companies that will offer to help find the right franchise for you. Some will even assist you as you create a business profile that reflects who you are, your background, interests, lifestyle, and expectations. They will also assist in describing your financial qualifications. […]

Aug 10
(FS4) Your Franchise Training Program – Franchisor’s Experience

The key to success in anything is training and preparation. This is particularly true in franchising. All franchise training will not be the same from franchisor to franchisor. There is more than one way to train properly and there are different needs in different industries. That doesn’t mean that there isn’t bad training. It’s important […]

Sep 14
(FS5) Creating a Financial Plan for Buying a Franchise

A business plan is essential for the success of your franchise. No matter what route you are taking for borrowing money or simply getting through the approval process for your franchise, you will need to have this information.   The First Step to a Franchise Financial Plan When creating your business plan, make sure you […]

Sep 21
(FS5) Projecting Your Franchise Income and Cash Flow

Many franchisors have programs to make number crunching easier on you. This can include point of sale programs for the front of the house and accounting and payroll programs for the back of the house. While these can be very helpful, your investors and lenders will still want to see the projected income and cash […]

Sep 07
(FS5) The Basic Costs of Setting Up Your Franchise

If you are trying to get a better understanding of how much it will cost to set up your franchise, then there are several aspects that will come into play. This is why it is helpful to understand what you may encounter. Keep in mind that there may be other fees and costs that you […]

Sep 28
(FS5) What You Should Know About Angel Investors

Once you have gone through the traditional methods of financing the next thing you will want to consider is going with an angel investor. An angel investor is a person or group of people that offer funds for the startup of your business and in turn they have a direct role with your business.   […]

Oct 19
(FS6) Franchise Series 6 – A History of the FDD and Franchisors

When you’re getting into franchising, you should know the term Franchise Disclosure Document (FDD) indefinitely. You should always receive an FDD when you sign up with a franchisor for information and you need to make sure that you understand the FDD because it holds all the important information you will need to know about the […]