Category: Starting a Franchise

Jan 20
How does the Visa Process work when you buy a franchise?

The visa process when buying a franchise involves navigating through various legal and immigration requirements. It’s crucial to understand that immigration laws and visa processes vary from country to country, so the specifics can differ based on the jurisdiction. In this comprehensive guide, we’ll provide a general overview of the key steps involved in the […]

Dec 22
How to Buy a Franchise

In the large and expanding world of business, buying a franchise stands out as a compelling option for individuals aspiring to become entrepreneurs. A franchise offers the advantage of entering a proven business model with an established brand, operational framework, and support system. However, navigating the process of buying a franchise requires careful consideration and […]

Dec 11
Informed Investment: Key Questions to Ask Franchisees When Considering a Franchise System

Investing in a franchise is a significant decision that requires careful consideration and thorough research. One of the most valuable sources of information during this process is existing franchisees within the system. They offer firsthand insights into the day-to-day operations, challenges, and overall experience of being part of the franchise. In this guide, we’ll explore […]

Nov 28
Canadian Franchising: An overview on Finding the Right Franchise Investment and How to Franchise Your Business in Canada

Embarking on a franchise investment journey in Canada offers a multitude of opportunities, but success in this venture requires careful consideration, research, and strategic decision-making. In this comprehensive guide, we will provide an overview of the key steps to finding a good franchise investment in Canada, encompassing factors such as industry analysis, due diligence, financial […]

Oct 12
Understanding FTC Guidelines for Item 19 Disclosures in Franchise Documents

  Item 19, also known as the “earnings claim” or “financial performance representation,” is a crucial section in a franchise disclosure document (FDD). It provides potential franchisees with information about the actual or potential financial performance of the franchise opportunity. However, the Federal Trade Commission (FTC) regulates the use of Item 19 disclosures to ensure […]

Sep 14
Choosing the Right Franchise: 15 Key Questions to Ask

  Investing in a franchise can be a life-changing decision that offers the potential for financial success and personal fulfillment. However, not all franchises are created equal, and it’s crucial to ask the right questions when evaluating franchise opportunities. These questions will help you make an informed decision, align your goals with the right franchise, […]

Aug 30
Navigating Legal and Compliance Considerations When Starting a New Business in the United States

  Starting a new business in the United States is a rewarding endeavor, but it comes with a myriad of legal and compliance requirements that need to be addressed to ensure a smooth and successful launch. Being aware of these considerations and taking the necessary steps can help you avoid potential legal pitfalls and set […]

Jul 26
What is the Difference Between Outsourced Franchise Sales and Franchise Brokers?

  Outsourced franchise sales and franchise brokers are two distinct approaches that franchisors use to expand their franchise network. While both methods aim to attract new franchisees, there are significant differences between the two:   1.  Outsourced Franchise Sales Outsourced franchise sales refer to the process of hiring an external sales team or agency to […]

Feb 29
(FS7) Training Yourself Before You Open Your Franchise

Any good franchisor will insist on training their franchisees prior to them opening. They will want to teach the franchisees any tools of the trade that they know to make their business successful because a successful franchisee means a successful franchisor. All franchisors will have different training programs, many use officers of some kind, some […]

Feb 22
(FS7) Maintaining Inventory in Your Franchise – Front and Back of House

It all comes down to numbers. You’ll need to know how much is going and how fast so you can maintain your franchise inventory with as few things as possible going bad. During training with your franchisor, you should learn some things about keeping your inventory stocked and fully functional. If your franchise doesn’t have […]

Feb 15
(FS7) Procedures for Receiving Merchandise at Your Franchise

By the time you’re receiving merchandise, you should have an office to keep your paperwork in. Before you have an office, you should be working on some sort of organizational system for any and all your paperwork because by this time you will already have a small collection of it from the franchisor, the contractors, […]

Feb 09
(FS7) Options for Franchise Merchandise and Supply Ordering

Part of getting the ball rolling for your store is ordering the merchandise and supplies. You’ll have to have the shelves set up with anything you’re hoping to sell, or if you’re not a retail or restaurant business, you’ll have to stock yourself with the equipment for the job as well as the office supplies […]

Feb 02
(FS7) Setting Up Your Franchise with Contractors and Supplies

Hiring a contractor can be very hit or miss. If you’ve ever done renovations on your home, you’ve probably had an experience with a contractor already and it might not have been the greatest. If you’re looking for a contractor, consider having a checklist available. Here are some good places to start:   Ask your […]

Jan 25
(FS7) Securing a Place for Business and Building Yourself In

Now that you’ve located your place, it’s time to look into the process of securing it. The first thing to note is the landlord that you will be renting from, if you are renting and not purchasing. Some landlords might have a predisposition to not liking your franchise for personal encounter reasons or for having […]

Jan 18
(FS7) Understanding Business Layout and Encroachment

Every franchise has a very specific design. While some may feature slight differences in layout or where something is located, they all more or less have the same look or feel to them to provide the customer with the same experience whether they’re walking into a your business in Wisconsin or New Zealand. When you’re […]

Jan 11
(FS7) What Constitutes a Site as “Good” for Your Business?

When looking into real estate whether it’s for your home or your business, the first thing you should always do is create a list of what is important to you and what it must have.  This can include details that are very specific to the type of business that you will be opening. Remember that […]

Jan 04
(FS7) Dual Branding as a Franchise Option

Dual branding is when two or more franchises set up shop beside one another or within one another. Can you think of any high-bred franchises you’ve seen? A&W + Shell, Long John Silver’s + KFC, Walmart + McDonalds (or Subway in some cases), Target + Starbucks, Barnes and Noble + Starbucks – these are just […]

Dec 28
(FS7) A Closer Look at Some Sites for Franchise

Working from Home With some franchises you’ll be able to work from home. This can save money in real estate and building costs and instead just go to constructing or designing a home office—but these franchises can be very specific and are often much smaller operations as opposed to opening your own McDonald’s location. Some […]

Dec 21
(FS7) Common Site Options for Franchising Your Business

As you and your franchisor survey for the best possible franchising location, here are some places that you may or will end up looking:   Malls Usually large, enclosed spaces (but they also come with roofless walkways or an outdoor courtyard), malls are a staple for shopping and a great place to put your business. […]

Dec 14
(FS7) Franchise Series 7 – Getting Your Franchise Started

Franchising only works successfully when every single chain or franchise is in line with all the others, providing consumers with the same reliable services or products they are used to. However being consistent isn’t always that easy for the big chain or franchise. There are small design specifics that might work well in one place, […]