What is the True Definition of a Franchise? What You Need to Know

At some point, every business owner says “I would like to franchise my business” and begins to entertain the idea of franchising. The simple truth is that any business and any idea can be franchised. Legally, all that is required of a business in order to franchise is the completion and filing of the proper…

You Work Hard Growing Your Business. Maybe It’s Time to Franchise It

When it comes to franchising your business, a few thoughts come to mind “It is scary, intimidating, expensive and it is not an option for a small business like mine.” I am here to tell you that is simply not the case. Franchising gives you the leverage to expand your business into other markets by…

Beyond Development: Funding Your Franchise Company

You mention having funds to support franchising activity. What amount are you talking about? The federal requirement is to show potential franchisees that as a franchising company you can support franchise activity. To some extent there is a common sense element to it… if you were looking to purchase a franchise, how comfortable would you…

What is the Purpose of Franchise Territories?

When franchising your business one of the key elements in the franchise development process is determining if you will be awarding a protected territory to franchisees (learn more about our strategy when taking you through the franchise process). So let’s take just a few minutes to explore franchise territories. Awarding a franchise territory adds a…

The Major Difference Between Franchising and Licensing

We would like to take a minute to answer a very common question often asked: “What is the difference between franchising and licensing?” Bottom line is it boils down to control. It really depends on how much control you want to have over your operators. Traditionally a business owner (like you) wants everybody to operate under…

The Differences Between Franchise Fee and Total Investment

Often times, when researching or talking about franchising, it is easy to get confused by the definition of a franchise fee and the franchise total investment. It is not uncommon for there to be a misunderstanding between the term “franchise fee” and “total investment”. In general most people get the two terms confused! Have no fear; help…