Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
Joel Libava (a/k/a "The Franchise King") has a list of 20 Must-Do Things Before You Buy a Franchise. It’s a great list so I thought I’d share the article with you.
The last item on his list is to "Lawyer Up". Joel explains that the franchisor has a lawyer so franchisees should too.
Those interested in raising investment capital for their business, or those interested in making investments in businesses, may want to take advantage of the monthly due diligence/investor training provided by Plains Angels.
Plains Angels is a group of Midwest angel investors that have now funded various projects here in the Midwest. The group is…
I recommend prospective franchisees take a look at Empire Builders which is a series of videos highlighting successful multi-unit franchisees.
Most of the prospective franchisees that come to see me are seeking to purchase a single franchise. Many of them dream of becoming a multi-unit owners but usually lack the capital (at least initially) to…
Potential franchisees should read this article from Robert Purvin on Franchising Myth One: Franchises are Safe Investments. In the article, Purvin discusses how franchises and independent businesses fail at roughly the same rate (something discussed at length in several of my blog posts).
It’s critical that prospective franchisees understand that buying a franchise will…