The Franchise Owner's most trusted news source


Log In / Register | Mar 27, 2017

Six Questions to Ask Your Franchisor before Leasing Commercial Space

Stepping onto a busy street to cross without looking both ways first can prove to be dangerous! We can say the same thing for entrepreneurs considering a franchise opportunity.

What Should Be (But Isn't) Important to a Prospective Franchisee?

The majority of prospective franchisees start out as consumers first and investors second. However, what’s important to a consumer is not as important to an investor.

Can My Franchisor Force Me into a Big System Change?

Imagine receiving notice from your franchisor outlining a significant system change (a costly store renovation, a new menu, a new point-of-sale [POS] system).

Buyers Choose Existing Franchises over New Ones

San Francisco, CA – BizBuySell.com, the Internet's business-for-sale marketplace, today announced the results of its August 2013 survey of business buyers and sellers.

3 Common Myths About Buying A Franchise

Franchising myths and misconceptions can cause you to make a poor investment or run a perfectly good business opportunity straight into the ground.

Buying a Franchise: What Is Your Exit Strategy?

Perhaps without exception, all franchise agreements contain a non-compete covenant. The covenants may vary. The covenants may prohibit you from operating a competing business or any business when you are a franchisee.

Franchising Myth Four: The Typical Franchisee Gains a Valuable Brand Asset

Let's play a little game. Review Blue MauMau's alphabetized directory of franchises. HERE is the link. Take a few minutes to browse and then ask yourself how many companies you recognize. When you're done, come back to this article.

Franchising Myth Two: In Business for Yourself but Not by Yourself

Many prospective franchise owners are attracted to the concept of buying a franchise because they believe it combines the freedom of owning a business with the safety of a benevolent guiding hand. Franchisors cultivate this concept. The catch phrase of the International Franchise Association is “In business for yourself, but not by yourself!”

Franchising Myth One: Franchises Are Safe Investments

Perhaps the most common and pervasive franchise myth is that franchising per se is a safe investment. Fed by a steady diet of industry hyperbole, the conventional wisdom that feeds this myth contends that when you buy a franchise you are investing in a proven brand and an established business system that will virtually guarantee business success.

Franchisors, Negotiate Agreements Up Front or Risk Repaying Later

Franchisors that elect not to negotiate franchise agreements up front with franchisees run the risk of negotiating contracts forever. "You can pay me now or you can pay me later."