How Do Master Franchise Owners Get Paid?
Jeff Elgin answered August 22, 2011
A master franchisee is typically someone who enters into a contract with the franchise company to help them sell and service individual franchisees in a large and well-defined area. This is usually...moreWhich Franchise Markets Are Most Profitable?
Jeff Elgin answered August 22, 2011
The most profitable markets or industries in franchising are the ones least affected by the lousy economy that has marked the past few years. In terms of industries, you want to steer toward...moreHow Do I Close Down My Franchise?
Jeff Elgin answered August 8, 2011
These are important questions that you're asking as you contemplate the best way to shut down and exit your business. For purposes of answering you I'm assuming that the business is not a...moreHow Much Freedom Do Franchisees Have?
Jeff Elgin answered August 1, 2011
Freedom -- that's what America is all about. But sometimes the price of freedom is higher than what you really want to pay and that's the reason for the existence of business format franchises....moreHow Can I Pitch My Invention?
Brad Sugars answered July 21, 2011
It's great that you are working from the foundation of an actual patent, as most products or product ideas that are pitched aren't that far along in the development stage. That said, there are a...moreHow Should I Analyze a Market?
Brad Sugars answered July 14, 2011
An easy way to do this is to look at all the categories of quick service/fast food restaurants in your area and see what isn't offered. Then, find out why. Or, if you are offering something...moreShould I Use Personal Funds to Start a Franchise?
Jeff Elgin answered July 12, 2011
There are lots of sources you can use for funding your franchise. The most common are loans, investors and personal funds. Each has pros and cons and the right answer for you depends on your...moreAre Franchise Fees Negotiable?
Jeff Elgin answered July 6, 2011
Franchise fees are usually not negotiable but that fact has as much to do with the government's disclosure requirements than it does with a company's unwillingness to bargain. The Federal Trade...moreCan I Find an Investor for a Seasonal Product?
Tim Berry answered May 17, 2011
I'm going to assume that when you write "venture capital" what you really mean is an investor -- someone who will write a check in exchange for a share in your business. For the record,...moreHow Should I Prepare for a Franchise Discovery Day?
Jeff Elgin answered May 4, 2011
Many franchise companies are using a "Discovery Day" approach to ending the franchise sales process. This type of event typically allows the prospective franchisee to meet and interact...moreWhat Do I Need to Buy a Franchise?
Jeff Elgin answered May 4, 2011
If you want to buy a franchise you'll need to have three things. First, you'll need to have the money to get the operation up and running successfully. You can use a combination of your own...moreIs it Risky to Buy Into a Small Franchise?
Jeff Elgin answered April 28, 2011
There is risk associated with any business startup so the obvious answer to your question is yes. You're looking at a franchise system that has only one operating unit and wondering if that is...moreCan I Start a Business with No Startup Capital?
Tim Berry answered April 25, 2011
Of course you can start some kinds of businesses with no capital. Service businesses tend to need a lot less capital than product businesses. Professional service businesses such as graphic arts,...moreShould I Open a Pizza Franchise Abroad?
Jeff Elgin answered April 25, 2011
International franchising can be a huge growth opportunity for American companies. But you need to be careful, especially with food concepts. Some food products translate well into new markets but...moreHow Can I Know If I'd Be a Good Franchisee?
Jeff Elgin answered April 19, 2011
Your question shows that you are focused on exactly the right thing to make your search a success. Anytime you're investigating franchise businesses, you want to be looking at the factors that will...moreDo Part-Time Franchise Opportunities Exist?
Jeff Elgin answered April 13, 2011
You're looking for the best of both worlds -- to keep the security and safety of your current job while building a business of your own at the same time. The answer is, yes, it is possible to do...moreHow Can I Dissolve an S Corporation?
Nina Kaufman answered April 8, 2011
Your rights as a minority shareholder depend on whether you have a written shareholders agreement and, if not, the default provisions contained in your state corporate law. Sometimes,...moreCan I Buy Into a Franchise with Little Experience and Capital?
Jeff Elgin answered March 29, 2011
The first step for you is to take every opportunity to increase both your capital and your experience. It's not easy to save money while in college but it is possible. Work as you have the...moreHow Can I Determine the Success Rate for a Franchise?
Jeff Elgin answered March 29, 2011
You're focused on an important component of investigating any franchise -- the success rate. Assuming that by "success" you mean how many units don't fail, this is easy to determine. In...moreHow Do Franchise Territories Work?
