I have invited you here to learn more about exploring career opportunities that don’t involve returning to the corporate world. Not everyone has thought about starting their own business as their...
Employee to Entrepreneur
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FranNet Marketing
What is a Royalty Self-Sufficient Franchise?
Jania Bailey, CEO of FranNet, urges you to dig deeper into the financials and gain a clear understanding of the situation if a franchise system relies on selling more franchises just to meet payroll...
FDD Item 20: Signed But Not Open
FranNet's CEO, Jania Bailey, delves into the significance of encountering the phrase "sold but not open" within a franchisor's Item 20 disclosure. She highlights the importance of scrutinizing this...
The Importance of the Item 19 in the Decision Making Process
Approximately 80% of franchisors now include an Item 19 in their Franchise Disclosure Document (FDD), even though it is not mandatory. It's crucial to understand that a franchisor cannot legally...
FDD Item 19: Financial Performance Representations
FranNet Consultant and Kentucky Market President, Amanda Berry discusses the importance of the optional Item 19 in an FDD. For some businesses, it doesn’t make sense to include it. For others, it’s...
FDD Item 7: Advising Clients on Initial Investments
FranNet CEO, Jania Bailey, reviews the things you need to be aware of while looking at Item 7 in an FDD. At FranNet, we advise our clients to compare that initial investment estimate with existing...
Why is it Important to Understand the Financial Health of the Franchisor?
A lot of people get excited about a franchise brand, but fail to examine the financial health of that company. Jania Bailey, CEO of FranNet, warns against signing a 10-year contract with a brand...
Importance of the FDD
A 200+ page Franchise Disclosure Document (FDD) can be intimidating. However, it’s crucial to your due diligence process and your success with a franchise system. Jania Bailey, CEO of FranNet,...
Funding a Franchise
Most people don’t have $50k lying around to invest in a business, so many will turn to small business loans. Amanda Berry, FranNet Kentucky Consultant and Kentucky Market President, says that buying...
Cost of a Franchise
So how much does a franchise really cost? Amanda Berry, FranNet Consultant and Kentucky Market President, explains why you need to look beyond the franchise fee and dig deeper into Item 7 of the...