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...
Are you thinking about buying a franchise? Fortunately, in the world of franchising, there is something for everyone. There are more than 4,000 franchise brands across over 90 industries in 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...
“The only constant in life is change.” The Greek philosopher Heraclitus said that, meaning that the passing of time always brings changes to our lives in many different ways. Were he living in...
Are you wondering if buying a franchise is a good decision in the current economy? If so, which part of the industry shows the most promise? Despite economic uncertainty, the franchise system has...