What are You Franchising

You really want to franchise your business. As you are thinking about how you can make things easy for duplication, you figure the best thing to do is make what you want to franchise so simple that all someone has to do is either just sell or perform a service. You figure that if you…

Secrets to Business Franchising

If you are like most business owners you are constantly on the go, wanting to improve your business and thinking about how to get to the next level. You started your business perhaps out of an idea or maybe a passion and your business has continued to grow over the years. Maybe when you started…

Do I Need to Change My Name to Franchise

Call it a thought, premonition or a dream but at some point you may have been thinking about franchising your business. While there are many things that could potentially hold you back one preconceived notion may be, “do I need to change my name to franchise”. You may have lots of reasons why you think…

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…

Creating Franchise Friendly Documents

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…

When Starting to Franchise You Don’t Need to Hire More People

When you think about starting to franchise, you may be under the impression that you will need to hire a team of people right away to handle all your franchise activity. You begin to worry about who you need to hire, how to hire, how much it will cost and how it will affect your…