Part of what the franchise is purchasing is the expertise of the franchisor. The franchisor has through trial and error overcome many obstacles that a first-time business owner might face. Once pilot operations have been completed and an operations...
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While conducting pilot operations, a franchisor should create an operations manual (“manual”) that states in detail the method of how to operate a franchise. For starters, the manual will have copyright protection. Although the manual is...
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With the political climate in Washington D.C. focused on bringing manufacturing jobs back to the US, the one industry poised to benefit the most could be the automotive sector. There was an old saying that goes like this, “as General Motors...
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Before considering franchising your business, it is a good idea to contemplate on what some of the prerequisites entail. Franchising a business can be lucrative if you know how to do it right.
First, the business model for producing products or...
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It is easy and comfortable to think that raising the minimum wage is a good deal for everyone. Proponents of raising the minimum wage to $15 per hour argue that it is a “living” wage and allows people to pay their rent and buy food and...
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No one can deny that our court system has become bogged down, increasingly clogged, and potentially broken. Civil dispute proceedings between individuals and corporations can take months to get to court and months more to resolve themselves. The...
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Goodwill and a stellar reputation make up the core assets of a franchise model. It is the franchise’s reputation for producing a consistent, reputable product or service that lures investors to purchase franchises, and customers to patronize...
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The number one reason that a franchisee fails, is that they did not focus their attention on the things they could do to reduce their monthly fixed expenses before committing to long-term contracts. Most franchisees are so eager to start making...
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Almost every entrepreneur is a would-be franchise mogul. I cannot think of a person who would not want to sit in control of a multi-billion dollar empire of restaurants, convenience stores, or a chain of hotels or motels. Moving from simply dreaming...
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The most important pro-business development, outside of reducing corporate and personal income taxes, in the US may happen and it could affect the entire franchise industry. Repealing, or at the very least renegotiating, the North American Free...
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mherman@franchise-law.com
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