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Ask Entrepreneur - Franchises


What's the most important skill for an entrepreneur to have?

I want to open my own business but I'm not sure I have what it takes.

How should I compensate a silent investor?

My business partner and I are in the process of opening up a second business.

What's the difference between a franchise, license and affiliation?

I'm looking into starting a boot camp exercise business.

What do I need to know before I buy a franchise?

What questions should I ask the franchisor and how do I find the best market and location?

Should I worry that the franchise I'm interested in is closing some locations?

The franchise I'm interested in purchasing has lost 100 franchises over the past two years. There were 745 franchises in 2008, now there are 658.

How can I turn my business into a franchise?

I want to start tea and coffee business vending machine franchise.

Do I need an attorney to purchase a franchise?

I've heard it's necessary for an attorney to review the franchise agreement, but I'd rather save the money to invest in the business.

What's the best way to recognize a good business opportunity?

We found a restaurant in a great location for sale for under $40,000, but it needs about $30,000 in repairs. The landlord is offering free rent during construction. The rent will be $5,000 a month.

Which business entity is best if I'm starting a business that could potentially become a franchise?

I'm starting a fast food business and don't know if it should be an LLC or a C corp.

How can I find an experienced franchise attorney in my area?

I need some legal representation and don't want to hire just anyone.

How can I determine if owning a franchise will fit my business goals?

I've always wanted to own my own business and think that a franchise might be a great option. Is there a way to evaluate my potential to become a successful franchisee?

What's the best way to set up a franchise agreement for my business?

I have someone interested in buying a franchise of my business. Should I go to a lawyer to have the franchise agreement drawn up, even though it could be quite costly?

What's the best way to finance a franchise through investors?

I've been researching franchise opportunities for awhile now, but I'm not sure how to find investors.


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