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Ask Entrepreneur - Franchises


Legally, what do I need to do in order to start a clothing company and protect our designs?

Me and some of my friends have want to start selling some shirts and hoodies locally to see if people are interested in our product. What do I need to do in order to make our idea an official business...

What is the best area of study for entrepreneurs?

I recently completed an undergraduate degree in finance and am looking to further my education. While I know an MBA is commonly the next step, I can't help but feel a JD might be more useful in starti...

What needs to be in place for a bank to produce a letter of credit on my behalf?

I am setting up to source commodities on behalf of clients. Currently employed in an unrelated industry, I'm entering this market due to demand from contacts. As there are huge volumes involved, the t...

How do I know if my idea for a business is a good one?

I don't know how to judge whether my idea for a great new business/service is one that will have a good audience and be a success. I have never seen this business, so I feel that it would be a good id...

What gives an automotive franchise a low ranking or a high ranking?

I've been talking to a franchisor, and I like the model: It's relatively low-cost to start, and it's diverse. It would also allow me to add my own flavor into the business. But as I research automotiv...

How do I find a franchise interested in leasing our building?

We would prefer the tenants to be in the food industry. The space is in an ideal location with plenty of parking, adjacent to a well established local pub. There is plenty of seating, with a separate...

Where would I find someone interested in investing in my business?

I have an awesome idea and need someone who's willing to invest in my hydroponic watercress business plan. I have the land and the water source, and the perfect location in Northland, New Zealand.

How do I sell an idea for a product?

I have a great idea for a product to help parents with potty training toddlers. Do I approach a company that would manufacture the product to see if they would want to buy the idea, or do I come up w...

Should I become a partner or a subcontractor in a new business venture?

I am starting a new business venture with a friend. He already has an established business in advertising and is doing OK. He would like me to start a new division of his company teaching computer-bas...

Do franchisees have legal obligations to pay royalties to franchisors on loss-making product introduced by the franchisor?

Specifically: We have a franchised restaurant that sells merchandise (7 percent royalty)and beverage and food (3 percent royalty). Merchandise and beverage are both profitable but substantial losses o...

I own a restaurant and I'm planning to sell my desserts in mini markets and grocery stores. Do I need another type of permit or license besides what I have now?

I have a Mexican restaurant and the desserts are my own recipe, so I think we can sell them in different markets and grocery stores. But I don't know whether my current permits are enough to sell reta...

Should I sell my fledgling, struggling franchise territory, hire someone to run it or shut my doors?

I'm seeking a true entrepreneur to run the day-to-day operations of my Abrakadoodle franchise territory. I'm a busy mommy of three.

Is it good to go with a startup franchisor with good potential or with an established one?

I want to get into a child-care franchise business and am debating whether I should go with a franchisor such as Growing Room, which has three centers, and a CEO who was named 2004 National Small Busi...


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