You’re probably familiar with the term “turnkey” especially as it relates to buying a house, but perhaps you’re wondering how it relates to starting a franchise business. “A turnkey business is a...
Prospective franchisees can choose to open a new franchise location or buy an existing one. Purchasing an already existing franchise might be less common, but it’s worth considering. It could be an...
It’s no secret that franchising your way to business ownership offers many advantages for entrepreneurs. FranNet of DFW & Oklahoma has long preached that it’s easier than starting a new venture...
If you’ve started looking into your options for business ownership, then you might have come across the terms “franchising” and “licensing”. Franchising and licensing agreements share some...
You may remember a couple of entrepreneurial alumni who previously worked with Diana Trondsen, Market President and Franchise Consultant of FranNet of Houston - Ryan Mann and his fiancé, Olga...
The first step to running your own business is to decide which path you want to take to become a business owner. One option is to start your own business from scratch. Another option is to buy a...
It might be helpful to start this discussion by answering the question, “What is a franchise agreement?" A franchise agreement is a legally binding contract between a franchisor and a franchisee...
Are you thinking about buying a franchise? If so, you’ve likely come across the term “liquid capital.” Franchisors typically require prospective franchisees to have a certain amount of liquid...
In 2020, the COVID-19 pandemic ushered in an era of economic uncertainty on various levels. While all businesses are challenged with high inflation, labor shortages, and supply chain issues, the...
Most people don’t walk into their favorite fast food restaurant thinking about whether or not it’s a corporation or a franchise. In fact, customers might not even notice the difference because they...