Does it Make Sense to Franchise Because My Name is Gold

So you have a business with a really clever name and as a result you have customers and/or clients who approach you and say, “this has to be a franchise because the name is gold!” And with many franchised businesses out there with a clever name attached, this is not an uncommon misconception. Your customers…

How to Start Franchising Your Business & How it Will Affect Your Future

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…

What is the Role of Patents in Franchising?

The other day we talked with a business owner business was centered on a unique product that he created. He had a dilemma. He wanted to patent his “widget” AND he wanted to franchise his business, but he didn’t know which one to do first! Let’s discuss the role of patents in franchising. Okay, first,…

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…