Category: Understand Franchising
A Good Franchise Agreement Can Be Your Best Friend
If you are about to become a new franchisee, you may have some anxiety when it comes time to sign the franchise agreement. You will probably wonder what part of the franchise agreement is negotiable and how you can be certain you’re getting a fair deal. Every franchise company has a standard franchise agreement that …
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Franchise System Failure: 3 Tips To Avoid
Statistics show that your chances for success as an entrepreneur are more significant if you start your new business in a franchise. Franchise system failure has lesser probabilities than opening a business all on your own. However, there are times when even franchise structures aren’t successful and around for the long term. While there are …
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How to Evaluate a Good Franchise Training Program
Every franchise company has its own customized training program designed specifically for how franchisees learn its business system and operations. As part of the process of purchasing a new franchise, new franchise owners are required to attend franchise training immediately after signing the franchise agreement contract. The question is, can you evaluate a great franchise …
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Questions To Ask Franchisees – Sample Outline
Part of the investigation process is talking with a franchise owners to know further information about the business. You should prepare a list of questions to ask franchisees during your call. Doing this will help you determine the right franchise to buy. So what will help you prepare for the list of franchise questions? Take note …
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13 Most Franchise Myth-Busting
Knowledge in a franchise business is your nuts-and-bolts to manage the business in good order. So, you do your investigation process to gather more insights about franchising. Suddenly, you figured out that there are “hearsays” about this business industry. Busting any franchise myth is the best thing to do. Myths in franchise businesses became facts. …
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What Happens After You Sign?
After signing the franchise agreement, you might wonder about the next step. Understanding the whole process is necessary to start a franchise business. Once you become a certified franchisee after you have signed the contract, this opens you to a new process of entering the business world. Without the proper training and preparation you need, …
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