Anyone considering buying a franchise should have some basic understanding of how franchises work and the role of a franchise consultant which is why we created this Franchise Primer.
Franchising is a strategy for business expansion whereby the franchisor (The mother company) licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee (The child company). In return, the franchisee pays certain fees and agrees to comply with certain rules and obligations defined in a Franchise Agreement.
We have created a Franchise Primer in a series of posts that will teach the small business owner considering buying into a franchise concept everything they need to know before taking the leap.
|Are You Working with an Ethical Franchise Consultant?||In any industry, you will find good, and not-so-good businesses and business associates. The same is true in the franchise consulting industry. The franchise consultant works as a recruiter for franchisors, finding candidates who match the skills and financial requirements of the franchise.|
|How to Find Out if You Have Enough Money to Buy a Franchise||This article outlines questions many franchise entrepreneurs have related to how much money they will need as they conduct early-stage franchise research.|
|So Why Does a Franchise Cost So Much Anyway?||A franchise investment isn’t as high as most people think when compared to starting a business from scratch. There are 8 factors that determine your cost.|
|How Do I Research a Franchise Investment?||There are a few steps that a franchisee considering a franchise will go through to get to a decision about investing in the franchise. In this article, we will break the process down into four basic steps.|
Below are several franchise directories where you can select an industry and investment amount and a lost of franchise concepts that are available.
Below are some external links to other articles about franchising
- Which Franchise is Right For You? Follow These Steps
- Want to Open a Business? Here Are 5 Reasons to Consider Franchising
- 6 Risk Factors You Need to Consider Before Purchasing a Franchise
- Important Questions To Ask Before You Buy A Franchise
- 10 Questions Franchisors And Franchise Candidates Should Ask Each Other
- Our Top 10 Franchise Categories for 2018
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