Organisations like the British Franchise Association (bfa) and franchisers should “think smarter” and embrace new media, in particular the internet, to promote the industry to the public. This is the claim by Ovenu, an oven valeting franchise, following a survey which revealed that there is a lack of franchise awareness among a significant number of …
VietnamNetBridge reports that in the process of economic integration, the granting of franchise by international companies to local operators in Vietnam is a key issue. The news agency observes that franchise agreements are a significant pathway for technology transfers and for licensing of trade names, industrial processes, proprietary software, and other valuable intellectual property to …
StartupJournal.com reports today that the Employee Retirement Income Security Act allows potential franchisees with limited liquid savings to start a franchise without outside help, according to a new report published by StartupJournal.com, The Wall Street Journal’s guide for entrepreneurs. “The Employee Retirement Income Security Act of 1974 (ERISA) allows investors to control their IRA and …
Franchise owners may have to give more warnings to prospective franchisees, after the US Federal Government today announced a review of the franchising code of conduct. Small Business Minister Fran Bailey said the Government would review the disclosures section of the code, which relates to the information franchisors, must disclose to prospective franchisees. She said …
Successful franchises depend upon continuous feedback between franchisor and franchisee. Most franchisors and franchisees will start off feeling confident about their prospects for the franchise set up between them in a particular area, but the good relationship needs to be kept between franchisor and franchisee in order for a franchise to be successful. To get …
Coastal Vacations Director Jay NaPier shared one of the most important strategies in home-based business. As a former franchise owner, NaPier knows how important it is to work with a business that has a proven track record and found the 11 year track record of Coastal Vacations has exceeded his expectations. Jay NaPier, former restaurant …
The Big Brand Theory One of the most cost effective ways to achieve national market presence is by becoming a franchisor with a big brand. In addition, franchisees often enjoy rapid success because they are purchasing a proven system and not starting from scratch. Maximize your company’s earning potential with the help of Greensfelder’s Franchise …
“Let’s Talk Franchise,” a 30-minute national television show dedicated to informing the general public, investors and potential franchisees about franchising, aired its premiere show last week to coincide with the International Franchise Expo held in Washington, D.C. Both the television show and the IFE trade show were a tremendous success for “Let’s Talk Franchise” and …
Franchise Payments, What’s The Deal? There are several one-time and ongoing payments related to owning a franchise. The Federal Trade Commission (FTC) requires franchisors to list these fees in the Franchise Agreement. Initial franchise fee. This fee is paid to the franchisor for the right to use the franchisor’s trademark and sell its products and/or …
To have a good reputation with franchisees and in the franchising industry, it is important that franchisers have an ethical framework to operate by. To have a good reputation with franchisees and in the franchising industry, it is important that franchisers have an ethical framework to operate by. In addition, franchisees should behave to certain …
Selling a business is often the most important financial decision of a business owner’s life. Empire Business Associates of Northeast Ohio offers a free series of helpful articles and resources for the business seller. There are many factors to be considered and planned for when selling a business, yet many business owners do not even …
The Franchise Alliance is a group of 10 leading franchise companies, who together with NatWest sponsor free educational seminars about franchising. They have now added BFA Affiliated Accountants, Franaccounts to the organisations that support attendees following on from the seminars. These free seminars are aimed at people considering self-employment and research franchising, as well as …