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
Before you pick up the phone or draft that email, pause. You’re not just reaching out to a franchisor—you’re beginning a relationship that could define your next decade. And like any meaningful relationship, how you start will shape everything that follows.
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
If you want to protect your investment in a franchise, don’t rely on verbal promises from the franchisor.
Why not? Because verbal promises are worthless if disputes arise. Verbal assurances from a franchisor representative might make you feel secure in the moment, but when challenges occur—like receiving less support than promised or discovering fees you
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
I recently read an important blog post on the HR Law Talk Blog regarding what employers should be doing to comply with the FTC’s noncompete ban scheduled to take effect on September 4, 2024.
If you haven’t read it, here’s four reasons why you need to read it ASAP:
When purchasing a franchise, one of the most critical aspects to consider is the size and protection of the territory you will be operating in. Securing a territory that limits competition from other franchisees within the same brand can be the difference between a thriving business and a struggle for market share. This is particularly
Starting a small business involves making crucial decisions, one of which is choosing the right legal structure. For an individual small business owner, a Single-Member Limited Liability Company (LLC) is an excellent option. This structure provides a blend of flexibility, simplicity, and protection that can be highly beneficial, especially for those venturing into business for
