Updated September 2024 A franchise agreement is a legal contract between a franchisor and franchisee that outlines the terms and conditions under which the franchisee can operate using the...
How to Negotiate a Franchise Agreement
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The Franchise Blog
What to Expect on Discovery Day
Updated July 2024 A franchise discovery day is an in-person meet-and-greet with representatives from a franchise concept that you’re considering. It’s typically reserved for serious inquiries, not...
The Role of the Franchisee in a Franchising Agreement
Joining a good franchise is like joining a family. You’ll be surrounded by people who want to see you succeed and you’ll have a great support system in place to help you succeed. However, your...
What to Consider When Buying a Franchise
Updated April 2024 Many entrepreneurs who want to become a business owner might be concerned with the risks that come with starting a business from scratch. That’s where franchising comes in....
How to Check in on Your Original Business Plan
Any prospective franchisee or small business owner has to develop a business plan for their new entrepreneurial vision. But what may be less obvious is the need to periodically check in with the...
Key Responsibilities of Franchisors and Franchisees
Within a franchise system, there are two distinct roles, which are franchisor and franchisee. In this symbiotic business relationship, the two parties work together to grow and run a successful...
The Importance of Building a Strong Franchise Support Team
Updated June 2024 To create a viable franchise, a franchisor must first develop the infrastructure for the entire franchise business, which ultimately impacts each franchisee. The foundation of this...
Franchise Prep: How to Determine Your Personality Type
Here’s a hypothetical situation for you. You’ve spent a successful career in Corporate America. You’ve been promoted multiple times, given more responsibility and eventually landed in a...
How VetFran Helps Veterans Become Franchisees
Because we're fresh off Memorial Day, FranNet is taking a closer look at VetFran and how they help veterans become franchisees, an initiative we wholeheartedly support. For those of you who don’t...
What Franchise Brands Look For in a Franchisee
We spend a lot of time on this blog series talking about what kind of franchise business will be just right for you. After all, that’s what we do. But today, we thought we’d turn the tables a bit....