In order to sell franchises, franchisors are required to supply potential franchisees with a Franchise Disclosure Document, or FDD. Item 19 of the FDD permits franchisors to include representations about financial performance, but franchisors are not required to do so. If the franchisor does not provide financial representations in Item 19, you will see
Author: Priority Clients
This past weekend I watched a movie called In Time that was set in a futuristic world where time had become the currency of the day. Besides some glaring plot holes, one of the main points of the movie remained: Time is a valuable commodity not to be wasted. When running your own business or
A few weeks ago, I discussed the importance of franchisees evaluating and revising their employee handbooks and employee policies when necessary (in case you missed it, check it out here: Why Franchisees Should Review their Employee Handbooks). From a franchisor’s perspective, making the franchisee responsible for their own employee handbooks and employee policies provides many
Over the weekend I was swimming with my oldest daughter, Sophia. We spent 90 minutes in my in-law’s pool laughing, playing and learning. Like most kids, Sophia loves to laugh, play, and learn but only when it is “fun.” Fun equals motivation in Sophia’s mind. While in the pool, I tried to get Sophia to