Franchising Revenue Recognition Rules
August 21, 2018 by
The Financial Accounting Standards Board (“FASB”) sets the standards for what is known as “GAAP” which stands for generally accepted accounting principles. You may or may not be aware that the FASB has set new revenue recognition standards that will go into effect for private companies in just a couple of months which is January…
Creating Franchise Friendly Documents
May 25, 2018 by
The requirement when franchising your business is to have a set of documents that layout in a particular format your obligations and responsibilities to a franchisee. The reason behind having franchise documents is so that there is transparency of your franchising company and well-defined expectations. In order to meet regulatory requirements when creating such franchise…
Where You Should Franchise Your Business
April 27, 2018 by
As you are thinking about franchising your business one of the questions you are more than likely to have is where you should franchise. You may be wondering when you first start franchising if you should stay within your city, your state or immediately go nationwide. The strategy of where you should franchise your business…
Why Franchise Systems Fail
February 27, 2018 by
Every year business owners take the leap into franchising. For many of these business owners franchising brings great success, however that is not always the case. Some of them are gone before you know it and this may leave you wondering what the hell happened. In our opinion, these businesses should have never been franchised…
Market and Sell Franchises Yourself
February 15, 2018 by
As you are thinking about franchising your business you may be under the impression that you need to hire someone (which may include franchise brokers or a new in-house sales person) to help you market and sell your franchises. Your head is spinning as you wonder how you will find such people (which when it…
How the Cost of a Franchise is Determined
November 8, 2017 by
When thinking about franchising your business more than likely you have looked at your competition to determine what they are doing and the cost of a franchise with them. Recently we spoke with someone who had done just that. She said, “I am looking at my competitor and see the cost of their franchise is…
Franchising Companies That Claim to “Do It All” Including Sales
October 26, 2017 by
When you decide to take the plunge and franchise your business you are presented with many options for who to use to take you through this process. There are all kinds of franchising companies out there that claim they will franchise your business and “do it all” from development to marketing and even sales. While…
Dangers of Franchising Your Business Too Soon
August 24, 2017 by
This might be hard to do, but imagine you are looking to buy into a franchise. You find something that looks promising and you buy into the concept. As a new franchisee your expectations are that you are buying into a program that is already figured out. You are under the impression that all you really have to do is learn all the…
Franchising Your Business and How it Will Affect Your Future
August 9, 2017 by
Does this sound like you? “I have been thinking about franchising my business but I want to have some idea how it will affect my future. I am concerned about giving up control, the people who will be operating my business and will I be able to succeed as a franchisor?” These questions are valid…
How Much Do I Need to Make Before I Franchise My Business?
April 21, 2017 by
So, you are daydreaming about summer, being on the beach and drinking large quantities of tequila. As you are daydreaming your thoughts go to your business and you remember at one point talking with a really neat company called The Franchise Maker about franchising your business. You continue daydreaming and imagine yourself in the future…
Franchise Development Services Let’s Clear the Smoke
March 14, 2017 by
It can sure get confusing when trying to franchise your business and learn about franchise development services. Over the years the term “franchise development” has become so confusing and convoluted that it can make anyone’s head spin. So many people and companies out there seem to have put their own twist on what franchise development…
A Custom Approach to Franchising Your Business
November 11, 2016 by
Recently we were talking with one of our clients and he brought up in conversation that he decided to use The Franchise Maker to franchise his business because he saw right away that we offer more of a tailored and custom approach. So what does a “more tailored and custom approach to franchising your business”…
Do People Buy a Franchise Just for the Name
July 14, 2016 by
“Is the reason why people buy a franchise just for the franchise name?” We get asked this question quite often. And given that there are many established franchise names that over time have become branded in the world, it can seem daunting if you are wanting to franchise your business and realize that no one…
