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Franchise Resources Archive: August, 2008

Blue Coast Brings Advisors Together in Detroit

August 31, 2008 / FRANCHISE NEWSAccounting & Financial Franchises
Blue Coast Savings Consultants Blue Coast Financial Group continued bringing its advanced education and training into the field with a session in Detroit this August. Read more.

Youth movement: utilizing young entrepreneurs

August 29, 2008 / BLOG POST Young Entrepreneurs
Has the business world even been so reliant on the innovations of young entrepreneurs? As the corporate world adapts to the revolution in communication and technology spurred on by the internet, it leans more and more on the input and direction of millenials, as they are now known, who came of age in a world of social networking and instant messaging. Time was, the experience of young entrepreneu... Read more.

Do you have what it takes to successfully start your own business?

August 28, 2008 / BLOG POST Guide to Buying a Franchise
Owning and operating a successful business can be a very satisfying way to earn a living. But are you prepared for the responsibilities associated with owning a business? You should carefully consider the self assessment checklist below before starting your own business. It lists the personal attributes and factors which increase your chances of success.Personal Qualities I am prepared to work har... Read more.

Know The Laws Of Franchising

August 28, 2008 / BLOG POST Franchise Regulations and Government Action
Everything you’ve ever wanted to know about the legalities of franchising are now available in An Introduction To The Laws Of Franchising, an exhaustive, 452 page tome authored by attorneys David J. Kaufmann and David W. Oppenheim of Kaufmann, Feiner, Yamin, Gildin & Robbins. By all accounts, this book is an essential companion for franchisors. The book includes all the latest state requireme... Read more.

An Idea to Savor: Explaining the Success of the Food Franchise

August 26, 2008 / BLOG POST Food Franchising
It was an encounter that changed the history of food and franchising. In 1956, entrepreneur Ray Kroc paid a visit to a thriving burger joint run by two brothers from California, Bill and Mac McDonald. A couple billion hamburgers later, McDonald’s has not only changed the way the world eats, but it also revolutionised the franchising capabilities of people hungry to start a business.  ... Read more.

Franchising Your Business: The Advantages and Challenges

August 25, 2008 / BLOG POST Franchising Your Independent Business
When an independent business proves itself successful, and poised to grow even more, it is only natural to think about expansion. Franchising is a logical means to achieve that expansion and offers several advantages.Franchising though is not an automatic step to success. First of all, the potential franchisor has to have a proven concept that can be duplicated over and over again. Perspective fra... Read more.

The Advantages of Hiring Franchise Consultants

August 22, 2008 / BLOG POST Guide to Buying a Franchise
It's a daunting task to sift through all the franchises out there and pick the one that's right for you. In fact, it can be downright intimidating since there are so many to choose from! If you are a potential franchisee that's currently considering investing in a franchise or business opportunity in a specific industry sector, you should consider sourcing the advice of a knowledgeable business co... Read more.

Franchise Appreciation Day is coming!

August 19, 2008 / BLOG POST Franchise Association News
Mark your calendars on September 15-16 for the International Franchise Association's Franchise Appreciation Day, held in Washington D.C. at the JW Mariott. (Note: Registration ends Sept. 1, so you have two weeks to do this!) This fall conference will help shape public policy, and if you, the franchise business owner, want your say, this is your chance! Over 500 franchise business leaders will... Read more.

Franchise Resale – A Planned Exit Strategy

August 18, 2008 / BLOG POST Information for Franchisees
Anyone who invests in a franchise, just as with any other long-term investments such as real estate or stock, should always have an “exit strategy” in mind. For instance, when you buy a stock, you look for it to reach a certain price to sell it. When buying a home, the investor should count on living there for a certain number of years. The same goes for a franchise – how long do you want to own... Read more.

A Big, Warm Welcome to the New Franchise Rule!

August 13, 2008 / BLOG POST Franchise Regulations and Government Action
You've heard of the Uniform Franchise Offering Circular, or UFOC. This allows potential franchisees to weigh the pros and cons of any franchise offering. Well, as of July 1, 2008, the Federal Trade Commission finished phasing in its amended Franchise Rule by getting rid of the UFOC and instating the Franchise Disclosure Document. The FDD not only includes the UFOC disclosure requirements, but requ... Read more.
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