Articles of interest to Franchisors.
When most people think of franchising, they think of fast food chains like McDonald’s and Burger King. But franchises come in all shapes and sizes, from car washes to wedding planners. In fact, there are more than 3,000 different types of franchises in the United States alone. So what is franchising? Simply put, franchising is[…]
The grand opening was going spectacularly well. Lined up two rows deep, waiting customers didn’t know Dale personally. But what they did know was the familiar logo on the large sign visible from downtown. As a franchisor, this is the picture you hope each new franchisee experiences. But before revenue starts flowing, it’s worth making[…]
Protecting Your IP as a Franchisor As you build your franchise system and brand, protecting your intellectual property from imitators, rogue franchisees, and even inadvertent infringement is imperative to a successful and growing franchise. The trademarks and brand are an essential element to what makes a franchise system attractive to potential franchisees and even your[…]
How to Craft a Franchise Compliance Program Franchise compliance should be the top concern of any existing or potential franchisor. Many experienced business people jump into the franchise model without fully understanding the rules, regulations, and penalties for a poorly implemented franchise system. The franchise industry is very regulated compared to the typical business environment[…]
What is a Franchise Operations Manual? Every franchise system needs a well drafted operations manual in place to grow and attract franchisees. The operations manual for a franchise covers all aspects of the business and provides the knowledge any franchisee needs to operate the business. It is where the franchise system explains its rules, standards,[…]
When Do I Need Out-Of-House Counsel? Hiring an out-of-house counsel is a big step in expanding your business and freeing your time as a business owner. Every business has unique growth patterns and some small businesses can work comfortably without retaining an in or out of house attorney. For businesses that are growing to a[…]
When to Franchise Your Business Making the decision to franchise your business is very big and should not be taken lightly. A franchise is a business model that allows an owner to expand and sell the business model to other entrepreneurs, explained in more detail in our article: What is a Franchise. There are four[…]
How to Franchise Your Business So you decided to franchise your business? What exactly do you do next? Before you jump into hiring a franchising consultant and franchising attorney you will need to understand the basics of franchising, the costs involved, and plan appropriately. Check out our previous article Here for an overview of what[…]
