“Trust but verify.” That phrase is most associated with the Cold War era, but it also makes practical sense in the modern world for a variety of reasons, including if you are considering buying a franchise. Prospective franchisees need to be able to count on the...
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Franchise Law
10 qualities shared by successful franchisees
If you have painstakingly saved money or raised capital to pursue the dream of operating your own business, buying a franchise is an attractive prospect. Becoming a franchisee gives you access to brands and products with a proven track record. However, your business’s...
California legislators debate state-imposed bargaining for fast-food workers
For the second legislative session in a row, California lawmakers are considering a radical plan to allow the state to negotiate on behalf of all fast-food employees in the Golden State. The Fast Food Accountability and Standards Recovery Act, or FAST Recovery Act,...
Carefully evaluate the risks before investing in a franchise
Becoming a franchisee can be an exciting and rewarding business venture. In many cases, purchasing the rights to operate a well-known and established brand can bring great revenue opportunities and the promise of potential rapid growth. But before you put down any...
Differences between franchises and business opportunities
Realizing the American dream means different things to different people. For many, the ultimate career goal is to be your own boss and create a successful business. In most cases, these endeavors take a significant amount of time, money and hard work. However, you...
What does it mean for an FDD to be written in “plain English”?
The Franchise Disclosure Document (FDD) is one of the first essential pieces to deciding how to proceed in your franchising journey. With many FDDs being over 200 pages, these documents can feel overwhelming, especially if you have never seen one. The Federal Trade...
When the going gets tough: Can you quit a franchise?
The last year has been challenging for all types of business owners. Although franchisees have support from a larger organization, it can be troubling when there are no customers coming in the door. While many businesses are starting to pick up as the nation recovers...
What to look for (and avoid) when shopping for a franchise opportunity
Deciding to invest in a franchise can be an exciting time; a sense of accomplishment comes with purchasing a franchise and owning your own business. One of the most critical steps to starting down the path as a future franchisee is learning what options are available...
Understanding the impact of ASC 606 on franchising and franchise brokers
Franchise accounting is an area with many nuances. As times change, so do the regulations and guidelines that franchise accountants follow. Over the last several years, ASC 606 has been going through several stages of implementation in the franchise world. For public...
Choosing the right business entity as a franchisee
Purchasing a franchise can be the beginning of an exciting journey. You have the opportunity to invest in a proven brand while creating a business for yourself. Becoming a franchisee is not without its complexities. Part of investing in a franchise is choosing the...