Posted on October 30th, 2008 by Sebastien
Terry Dunn wrote a good post on his franchise blog about how franchising seems to be a safer bet than starting your own business during these tough economic times.
Depending upon your source of information, we are headed into a recession or a depression or even a catastrophic cessation of all business activities. By any definition, [...]
read more »
Filed under: About Franchising, Buying a franchise, Franchise Talk | No Comments »
Posted on October 28th, 2008 by Blair
When buying a franchise, one of the greatest tools you have at your disposal is the ability to contact current franchisees. Not contacting them and investigating their opinion of the franchisor thoroughly would be a big mistake. When you contact a current franchisee, you get the opinion and outlook of someone who is in [...]
read more »
Filed under: Buying a franchise, Franchise Advice, Franchise Articles | 1 Comment »
Posted on October 23rd, 2008 by Sebastien
If you thought that the only finances you need to come up with in order to set-up your franchise business are the initial franchise fees, you thought wrong. In order to set up your dream business, there are many other finances to think of.
Understand that the initial franchise fee is simply the money you put [...]
read more »
Filed under: Buying a franchise, Franchise Advice, Franchise Articles | No Comments »
Posted on October 20th, 2008 by Sebastien
Ryan Knoll over at FranchisePundit.com posted a link to an interesting article on Canadian newspaper website TheStar.com about the importance of reviewing the legal documents that are given to you before making the life-changing decision of buying a franchise.
Although the article is for potential franchise buyers in Canada, the rules still apply here in the [...]
read more »
Filed under: Buying a franchise, Franchise Advice, Franchise Talk | No Comments »
Posted on October 16th, 2008 by Blair
A potential franchisee should always find out about the history of the franchisor in the territory that they are planning to open their store before entering into a franchising agreement with the company. If the franchisor has previously had a location in the territory that closed or failed for some reason, it will be important [...]
read more »
Filed under: Buying a franchise, Franchise Advice, Franchise Articles | No Comments »
Posted on October 14th, 2008 by Blair
Choosing to buy a franchise rather than starting your own business can have a lot of advantages, and the franchisor running certain things can certainly simplify your operation. On the other hand, it can also be considerably more complicated in some ways, one of which is the tangle of legal issues that is particular to [...]
read more »
Filed under: Buying a franchise, Franchise Advice, Franchise Articles | No Comments »
Posted on October 14th, 2008 by Blair
If you have thought about starting your own business by becoming a franchisee, you might be overwhelmed by the options. There are a lot of great benefits to buying a franchise rather than starting a new business, but you might not get to experience those benefits if you are paralyzed by the infinite franchise [...]
read more »
Filed under: Buying a franchise, Franchise Advice, Franchise Articles | No Comments »
Posted on October 13th, 2008 by Sebastien
In many cases, there are people considering getting there own businesses up and running and they have the skills to do so. What they lack however, is the proper funding. Many of them may have very little financing to start with, perhaps even less than $20, 000 on hand. Would it be a good idea [...]
read more »
Filed under: Buying a franchise, Franchise Talk | No Comments »
Posted on October 13th, 2008 by Sebastien
You may hear some people say that buying a franchise is very similar to buying a job. In some cases, they’re not very far off from the truth. How 7-11 franchises function is a good example of this. Inventory is routinely requested and then paid for by money from deposits, then a check is made [...]
read more »
Filed under: Buying a franchise, Franchise Talk | No Comments »
Posted on October 13th, 2008 by Sebastien
Initially, you may be fooled into believing that there’s nothing easier than purchasing a franchise. Well, that’s not entirely true. To begin with, it’s difficult for you to compare between the various franchising opportunities well enough to determine which is the most likely to turn in a profit. As a matter of fact, it’s nearly [...]
read more »
Filed under: Buying a franchise, Franchise Articles | No Comments »
