Business is a world in flux. With circumstances, processes, and dynamics constantly changing, franchisors need to be mindful of material changes and meticulous in amending their Franchise Disclosure Document (FDD) as required by the Federal Trade Commission (FTC). What Does “Material” Mean? The FTC defines a representation, omission, or practice to be material if it […] The post Materiality and FDD Amendments: What Every Franchisor Needs to Know appeared first on SmallBizClub.
Posts published in “Franchise Center”
Auto Added by WPeMatico
If you are thinking about buying a franchise, the decisions you make now could have significant consequences for the success or failure of your business down the road. From choosing the best franchise opportunity for your personal traits to negotiating critical protections into your franchise agreement, the more effort you put into making a smart […] The post 5 Major Mistakes to Avoid Sinking Your Franchise Before You Even Open for Business appeared first on SmallBizClub.
You devoted several years of your life to serving your country. Now, you’re transitioning back to civilian life wondering where your next “mission” will take your career. Many military veterans consider entrepreneurial endeavors like small business ownership or franchising. And since you found yourself on the America’s Best Franchises website, you’re probably leaning more to […] The post The Best Franchise Opportunities for Veterans appeared first on SmallBizClub.
The term “Discovery Day” can be a bit misleading. While there is certainly an element of discovery in a prospective franchisee visiting your company and meeting stakeholders for the first time, Discovery Day is meant more to be the final step toward signing an agreement. You should go into it expecting to conclude with something […] The post How to Run a Productive Discovery Day appeared first on SmallBizClub.
Think you’ve found a qualified and serious franchisee? Fantastic. The next step is to host a Discovery Day, where you will give this person an inside glimpse at running a franchise of your company and, ideally, conclude the day with a verbal confirmation that you will send them a final agreement to sign and become […] The post 6 Discussions That Should Take Place Before Discovery Day appeared first on SmallBizClub.
Business opportunities, such as distributorships and license agreements, are increasingly becoming an alternative to franchising for future business owners. Franchising is a fantastic option for those seeking to own their own business by way of buying into an already proven business model, but there are limitations to the franchise model, too. Business opportunities, on the […] The post Top 5 Business Opportunities Entrepreneurs Should Not Overlook appeared first on SmallBizClub.
If you’re looking to build your own business, buying a franchise is a great way to go. It has all the advantages of entrepreneurship with less risk because you’re joining an already-successful brand. So if you’re ready to be your own boss and take charge of your financial future, consider franchises a ready-to-go package. But […] The post What is the Most Profitable Franchise to Own? appeared first on SmallBizClub.