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...
A successful business doesn’t just happen on its own. While there are many factors involved, the accounting process is foundational. Put simply, accounting is “the process of recording financial...
Several years ago, with the assistance of Cynthia Mora of FranNet of Houston, Sam Moreton made his own entrepreneurial dreams come true – owning a business that’s all his own. When they first met,...
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...
Can a franchisor or franchisee terminate a franchise agreement? Let's start this discussion by answering the question, “What is a franchise agreement?" A franchise agreement is a legally binding...
“Progress always involves risk; you can't steal second base and keep your foot on first.” Frederick Wilcox The English soccer player’s baseball analogy proves helpful when weighing the risks that...
The decision to pursue franchise ownership should not be taken lightly. The path to becoming a successful franchisee is not inconsequential - it requires hard work and dedication. While you’re...
Franchising appeals to many aspiring entrepreneurs because it offers a proven business model, an established brand, and built-in support. This minimizes some of the risk compared to starting a...
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...