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Most Recent Questions in Franchises

Question added to topic FranchisesJanuary 18, 2008

Is now the right time to buy the business I've managed for 7 years?

I'd like to refer you to a post I wrote a few months ago on titled Economic Dark Clouds. The point I was trying to make is that small business usually depends a lot (more)
Question added to topic FranchisesJanuary 10, 2008

Should I set up dealerships or franchises in order to expand my company?

<P>Whether to use dealerships, franchises or some other strategy to expand your business is a very big question and the correct answer is that it depends. There are any number of factors to... (more)
Question added to topic FranchisesJanuary 8, 2008

What kind of franchise is the easiest for me to get started at?

I think both smoothie and coffee franchises can be great for many people but I have no idea if they'd be great for you. My suggestion, if you want a steady income while you learn about these... (more)
Question added to topic FranchisesDecember 27, 2007

What are the pros and cons of using a FranFund consultant?

There are a number of companies that provide services to assist people in terms of acquiring financing for their new franchise startup. In my experience, these companies are typically fee based,... (more)
Question added to topic FranchisesNovember 20, 2007

How do we stop a particular franchisor from continuing to deceive more franchisees in the future?

If you feel that you and/or others have been deceived or mislead by a franchisor, there are three types of actions you can take to try to address the situation. In order of priority (primarily... (more)
Question added to topic FranchisesNovember 13, 2007

What advantages are there in being the first franchisee?

There are certainly advantages in terms of being a pioneer and perhaps in terms of bargaining position when it comes to the conditions of your franchise agreement. But there are also risks that... (more)
Question added to topic FranchisesNovember 13, 2007

What is the primary difference between a franchise and a licensed dealership?

This is a very important question because it affects what laws and regulations will apply to your business endeavor.  The only sure way to know the answer for your specific situation is... (more)
Question added to topic FranchisesNovember 8, 2007

How much does an inventor stand to make in the grand scheme of things?

Generally, the inventor takes very little of the ongoing profits because the inventor usually takes very little of the risk. I would recommend you ask for a set dollar amount per piece produced... (more)
Question added to topic FranchisesNovember 7, 2007

Are there any businesses that are recession-proof?

There's no standard readily-accepted single list on this, but it's a common theme, many different experts have written on this. After reading your question I just went back to the home page at... (more)
Question added to topic FranchisesNovember 6, 2007

How can I find franchisors that specifically do not use franchise brokers?

There are many franchise companies that do not work with brokers, in fact that's probably the majority of the franchise opportunities in the marketplace.  It may be because they don't want to... (more)
Question added to topic FranchisesSeptember 4, 2007

Is there a general rule of compensation for an outsider bringing companies together that results in a partnership?

No, there is no general rule, you're in wonderland. You can't solve this riddle with an established formula. You have to use common sense and gut instinct and if you have the benefit of somebody... (more)
Question added to topic FranchisesSeptember 4, 2007

Is there a general rule of compensation for an outsider bringing companies together that results in a partnership?

No, there is no general rule, you're in wonderland. You can't solve this riddle with an established formula. You have to use common sense and gut instinct and if you have the benefit of somebody... (more)
Question added to topic FranchisesAugust 30, 2007

How can I be sure the asking price for a business is worth it?

You can't really be sure ever, but of course you want to work with an established business broker, see a business plan, see past financials including actual reports to the IRS (people are less... (more)
Question added to topic FranchisesAugust 30, 2007

How can I be sure the asking price for a business is worth it?

You can't really be sure ever, but of course you want to work with an established business broker, see a business plan, see past financials including actual reports to the IRS (people are less... (more)
Question added to topic FranchisesAugust 30, 2007

How can I be sure the asking price for a business is worth it?

You can't really be sure ever, but of course you want to work with an established business broker, see a business plan, see past financials including actual reports to the IRS (people are less... (more)
Question added to topic FranchisesAugust 30, 2007

How can I be sure the asking price for a business is worth it?

You can't really be sure ever, but of course you want to work with an established business broker, see a business plan, see past financials including actual reports to the IRS (people are less... (more)
Question added to topic FranchisesAugust 30, 2007

How do I determine the income potential of a newer franchise?

Finding the income potential of a very new franchise without a significant track record of operations that you can check is a very difficult task.  You could consult a tarot card reader or a... (more)
Question added to topic FranchisesAugust 28, 2007

How do you franchise your own business?

Franchising a business involves a number of complex issues, including the development of a sound business plan, legal documents, quality control mechanisms and Operations Manuals, marketing plans... (more)
Question added to topic FranchisesAugust 28, 2007

How do I get a copy of a UFOC?

The cheapest way is to obtain a UFOC is through the California Department of Corporations.  The link http://134.186.208.228/caleasi/pub/Exsearch.htm should get you to their UFOC  (more)
Question added to topic FranchisesAugust 22, 2007

What should I do first--secure financing for a franchise or continue with the application process with the franchisor?

<P>Which comes first - the chicken or the egg?  Great question.  Both of these steps are essential in getting your new business off the ground, so I would work on the basics of both needs at... (more)
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