The importance of reading everything in the Franchise Agreement Last week, I discussed the importance of reading and understanding all of the representations and warranties that the franchisor makes in the Franchise Disclosure Document (in case you missed it, check it out here: Where do I begin?. However, just as important as understanding what
Author: Priority Clients
With any business endeavor, entrepreneurs seek success. Â We crave it. We desire it. Â We work our tails off to achieve it. Â Yet, to some, when they gain it…..they lose it all. What do I mean? Well, in the franchise context, you must be aware of the implications of having too much success. Â You might just
Franchise Disclosure Document: Where do I even begin? You’ve picked out a franchise and you’re excited to get the ball rolling, but then you are sent a huge document called a Franchise Disclosure Document (FDD) with all sorts of representations and warranties and all of a sudden, the excitement is gone and the daunting
There are some simple steps that you can take before you purchase a franchise that will make success more likely. Follow these steps to create a strong foundation for your business to grow on. ·        Take time to figure out your own interests and long term strategy.  ·        Make sure you understand basic business principles.  ·       Â