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Franchising
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Franchise Investing, Franchise Opportunities and Franchising Renewals
Many franchise agreements are renewed every five or ten years, automatically. If you do not want to renew your franchise you need to let the franchisor know a little bit in advance as it generally states in the Uniform Franchise Offering Circular (UFOC) The franchise Disclosure Document used in franchising.
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Free Enterprise in Franchising, Show Me?
Free enterprise is where buyers and sellers of their own free will come together in trade through a common monetary instrument. Regulatory bodies such as the Federal Trade Commission are completely oblivious to free markets and free enterprise whenb it comes to franchising.
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Franchising Companies Need New Franchisee Checklists
When franchise companies are moving fast in the market place they must pay attention to the details. If a franchisor fails to give the required items as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal issues and regulatory issues.
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Franchising and New Franchisee Set-up
Many new franchisors fall down in the franchisee set-up phase. This is the phase where the new franchisee has paid their fees and is now entering the system. They will either be getting equipment or building out a location.
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Getting Away from the Concept of Master Franchising
So often franchisors look for faster ways to expand their systems and extend their brand name. One of the common ways to do this for franchisors is to sell regional franchising rights or master franchising.
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Change of Residence Issues in Franchising Agreements
In this day and age when people change jobs every 3.2 years and change their life-time plan at least every six months or change spouses and get divorces more than anytime in modern history franchising companies must be careful to continually upgrade its data bases of its owners, outlets and their residences.
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Franchising Relationships, Legal Issues, Notices and Communications
In the World of Franchising every thing must be documented as the relationships could go South and turn into litigation. It has not always been this way, however due to the number of attorneys trying to scrap the creme off the money flows in the industry it has become a constant legal game.
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Franchising Vendors, Consistency and Quality Controls Addressed
Franchising companies must address consistency of the products they use both in the operation of the franchise and those are items which they sell. The franchising company must address these issues in the original franchise agreements that each franchisee signs.
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Community Involvement and Franchising
Every small business knows that you participate in the community, then the community will shop in your store. In a franchise business, the franchisor should also encourage, if not require a franchise outlet to do community service and stay involved with the community that will support them.
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What Franchising Founders Know that Political Analysts Do Not
If a founder of a franchise company always guesses right on future political issues and regional political issues better than all the political analysts, why is this? Well consider if you will a franchising company where the founder built from a small company and set up franchises in 30 or more states.
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