How to Structure a Franchise

If you are like most business owners the idea of expanding your business is one of your dreams. Perhaps you have decided your path for expansion is franchising and you wonder how to structure a franchise for your business. You have researched on the internet and realize there are a lot of moving pieces and…

Franchising Revenue Recognition Rules

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…

How the Cost of a Franchise is Determined

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…

Making Sense of the Franchise Fee and a Franchise Territory

There’s a common misconception out there that when a person buys a franchise, the franchise fee that is paid by the person buying a franchise is contingent upon the size of the franchise territory that is awarded. While this is currently not the case, there was a time years ago, when franchisors charged a fee…

How the Franchise Fee is Determined

No doubt one of the questions you have as you’re looking to franchise your business is, “How is the franchise fee determined?” This is a great question simply because there is a misconception out there about how a franchise fee is determined. So let’s answer this question by exploring what a franchise fee is really…

How Do I Make Money Franchising My Business?

Your business is ready to grow and you believe it is time to step it up a notch. Maybe it is time to think about franchising your business as a growth strategy rather than investing more money in opening additional locations or starting additional businesses. As a business owner, you understand how to make money; revenues…