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…
Franchisors and franchisees – should you join the Black Friday 2009 sales? Based on the stats, you should. The day businesses, especially retailers, have been waiting for is finally approaching: The Black Friday on November 27, 2009. The Black Friday (and the whole Christmas shopping season starting from that day) is the Day for customers…
Cash flow is the life energy of every business, including franchise. Lack of it will drain the life out of your franchise unit – and this is just the beginning. In the midst of economic turmoil today, we heard this advice all the time: In order for your business to survive, you should increase sales,…
