Most Recent Questions in Franchises
Question added to topic Franchises • January 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 Franchises • December 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 Franchises • November 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 Franchises • November 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 Franchises • November 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 Franchises • November 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 Franchises • November 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 Franchises • November 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 Franchises • September 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 Franchises • September 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 Franchises • August 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 Franchises • August 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 Franchises • August 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 Franchises • August 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 Franchises • August 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 Franchises • August 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 Franchises • August 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 Franchises • August 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)
Question added to topic Franchises • August 21, 2007
How would one break the ice with a competitor to start a semi-partnership?
<P>Luke</P>
<P>Working with your competitors can be a great way to grow your business and your approach is really dependent upon whether you are going to be bringing them... (more)
Question added to topic Franchises • August 14, 2007
Is the cost of opening a franchise business the same as opening your own retail store?
The cost of opening a franchise may vary from the cost of opening an independent retail store and it might be more or less. The bad news is that you're going to have to pay fees in a... (more)
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