Starting a business from scratch is difficult. You have to figure everything out on your own and in the process you inevitability make mistakes. Some of them costly. Some of them just frustrating. Hopefully, none results in the loss of your business, but there is an inherent level of risk involved. Buying a franchise minimizes […]
Winning business ideas aren’t easy to come by and that’s a major reason that purchasing a franchise can be so tempting. If a company has been selling franchises for many years, it must have a successful business idea and model, right? There is indeed some truth in this, but within any franchise concept there will […]
“I am a small business attorney, and am helping a local entrepreneur buy into a franchise. I have reviewed the franchise documents he has been asked to sign, and I admit I’m a bit troubled. The franchise was formed only weeks ago, and its Franchise Disclosure Document (FDD) was approved by the Federal Trade Commission […]
Entrepreneurial guru, Michael Gerber, says process makes the ordinary business, extraordinary. There is no doubt that process helps create a sustainable, scalable business — one that can have value without the founder’s involvement. Yet many entrepreneurs launch businesses that are based on their personal delivery of the product or service. Without them, there is no […]