Purchasing a Franchise?

When you purchase a franchise, you may be in your own business but you are also in an interdependent relationship with your franchisor. Based on the nature of your franchise agreement, you may be required to make key decisions about your franchise with the franchisor. So, you need to make sure that the franchisor has [...]

I Have a Perfect Concept For Franchising

Just because an entrepreneur says, “I have a perfect concept for franchising,” doesn’t necessarily mean that they do. To set the record straight, I believe that any successful business can be franchised.  To double check this theory, I often ask my seminar attendees if they can identify a particular business that cannot be franchised.  Inevitably [...]

Creator Royalty

I have many successful business owners approach me about how to determine the best way to expand their business without a major change in lifestyle or job description.  Typically these are the founders that created the intellectual property that will serve are the basis of the franchise system.  Many are traditional entrepreneurs, those folks that [...]

Quality Control Issues

Some pundits claim that quality control and discipline suffer when you franchise, but most industry veterans see the opposite effect. The reason that I hear most from entrepreneurs for not wanting to franchise their business is: “I don’t want my quality to suffer.”  I quickly retort that franchising is actually one of the best ways [...]

Developing a Franchise?

When you develop a franchise system and sell franchises, you enter an interdependent relationship with your franchisees.  Based on the mutual obligations of your franchise agreement, you need to make sure that your company (the franchisor) is in a position to select, train, open, and support the franchisees in your system – and that you [...]