Franchising isn’t for everyone.
But if you’re serious about it, there are some things you need to know. For purposes of this blog post, eleven to be exact. These aren’t just suggestions; they are essential truths that can make or
One franchise probably isn’t enough.
That’s the truth most won’t tell you when you are looking to do more than just buy yourself a job. The real game-changer in franchising? Going multi-unit.
Why Multi-Unit Franchising is the Next Level
Owning
In Iowa, the franchise world has a silent guardian—Section 537A.10(11). It’s called the Good Faith provision in the Iowa franchise statute, and it’s more than just legal jargon; it is the very lifeline that ensures fairness between franchisors and franchisees.
Before you pick up the phone or draft that email, pause. You’re not just reaching out to a franchisor—you’re beginning a relationship that could define your next decade. And like any meaningful relationship, how you start will shape everything that
Rushing into franchise ownership without preparation is a costly mistake.
To avoid buyer’s remorse, you need to be deliberate in your approach. Here’s how:
1. Self-Assessment: Know Your Strengths and Weaknesses
Before browsing franchises, evaluate your skills, interests, and financial
Choosing the right franchise is crucial. Getting it wrong can be financially devastating.
1. What Is the Franchisor’s Track Record?
A franchise with a strong history of success is likely to continue performing well. Look at how long the franchise
If you want to protect your investment in a franchise, don’t rely on verbal promises from the franchisor.
Why not? Because verbal promises are worthless if disputes arise. Verbal assurances from a franchisor representative might make you feel secure in
A Texas District Court ruling setting aside the FTC’s non-compete ban has sent ripples through the business and legal communities today. For many employers, this decision is undoubtedly seen as a reprieve from the potential upheaval the ban could have
I recently read an important blog post on the HR Law Talk Blog regarding what employers should be doing to comply with the FTC’s noncompete ban scheduled to take effect on September 4, 2024.
If you haven’t read it,
When purchasing a franchise, one of the most critical aspects to consider is the size and protection of the territory you will be operating in. Securing a territory that limits competition from other franchisees within the same brand can be