Thinking about buying a business?
It’s a big decision, but choosing between a franchise or an independent business can shape your entire experience. Both have their perks—and their pitfalls. So how do you decide?
First, consider what drives you.
If you thrive on structure and proven systems, a franchise might be the better fit. You
Diversify or concentrate?
It’s a question that divides entrepreneurs. But what if both are right?
I saw a video where one guy made millions by diversifying—spreading his investments across multiple businesses, minimizing risk while building steady wealth. Then another guy comments below: “You’re wrong. You’ve got to focus on one thing to win.”
Wait
If you are thinking about franchising in Iowa, you need to know one thing: Iowa franchise law is unique, and most out-of-state laws firms don’t really get it.
Let me explain.
Iowa Code Chapter 537A.10 governs franchise agreements in this state. It lays out the specific rules and regulations that franchisors and franchisees must
The devil is in details.
When you sign a franchise agreement, you are entering a long-term partnership. But how carefully have you read the fine print—especially the language around fees?
One seemingly minor word can cost you thousands.
Take marketing fees, for example. I have seen franchise agreements where the contract stated the franchisee must
One franchise probably isn’t enough.
That’s the truth most won’t tell you when you are looking to do more than just buy yourself a job. The real game-changer in franchising? Going multi-unit.
Owning a single franchise is like dipping your toe in the water—it’s a start, but it’s
In Iowa, the franchise world has a silent guardian—Section 537A.10(11). It’s called the Good Faith provision in the Iowa franchise statute, and it’s more than just legal jargon; it is the very lifeline that ensures fairness between franchisors and franchisees. But what does this really mean if you are a franchisee?
Good faith isn’t just
Rushing into franchise ownership without preparation is a costly mistake.
To avoid buyer’s remorse, you need to be deliberate in your approach. Here’s how:
Before browsing franchises, evaluate your skills, interests, and financial situation. Too often, people pick franchises based on potential profit, not realizing they lack the
Choosing the right franchise is crucial. Getting it wrong can be financially devastating.
A franchise with a strong history of success is likely to continue performing well. Look at how long the franchise has been in business and how many units are thriving. A proven track record can
A Texas District Court ruling setting aside the FTC’s non-compete ban has sent ripples through the business and legal communities today. For many employers, this decision is undoubtedly seen as a reprieve from the potential upheaval the ban could have caused. However, the ruling also underscores the ongoing debate about the future of non-compete agreements
