If you consider yourself not having a knack in starting out business or buying a new franchise unit, you might want to consider buy a franchise resale. A franchise resale is essentially an established franchise unit that already has built a credible track record in the marketplace and community. The number one benefit of buying…
Choosing and buying a franchise is easy. The tough part is finding the right reason why you want to buy one. Learn from my mistakes. I remember all the excitement that comes with the process of finding the right franchise to buy. Visiting franchise expos, talking with franchise owners, visiting franchisees’ stores, getting pitched by…
Are you eager to find out the ins and outs of franchise legal issues? Paul Segreto’s franchisEssentials has just announced the debut of its very own ‘Legal Eagle Franchise Series’ on the weekly broadcast of Franchise Today. The Series started on April 29th. The 4-week series will feature discussions with leading franchise industry legal experts,…
I heard too many stories of franchisees who “feel” that they were being cheated by their franchises, resulting in an under-performing, if not dying, franchise units. The general rule of thumb in any business agreement is: read every word, and don’t forget the fine print. Not to discredit franchisors, but some seem to have a…
Most, if not all, franchise opportunities require franchisees to commit to a certain amount of franchise fee. Many seem discouraged by the amount of franchise fees asked by the franchises (and some do charge a bit too much!), but you must view it as a necessary to keep your franchise unit and the whole franchise…
McDonald’s is finally faltering from the rising competition and US poor unemployment rapport. Is it representing the big picture of franchising today? For McDonald’s, it’s always been me against the world – Competitors are doing their best to secure and grow their market shares in the industry. Like it or not, competition always drag the…
