Posted on Thu, 02/21/2013 - 02:12 AM by
viewed 47 times
Franchisors that elect not to negotiate franchise agreements up front with franchisees run the risk of negotiating contracts forever. "You can pay me now or you can pay me later."
Read Full Small Business News Post
news courtesy of bluemaumau
MORE NEWS FROM BLUEMAUMAU
Recently, I gained additional perspective of the detailed issues and discontent in the McDonald's US franchisee (owner/operator) community. McDonald's (MCD) has had a r
More than 15 years ago I was struggling in the beef cattle industry because I was doing things exactly the way everyone else was doing them—raising cattle and then taking them to the feedlot. It’s a great business when things are good but when the market is down you are in the dumps as well.
Too many prospective franchise buyers I know assume that a franchise is successful because it is “big enough” to sell franchises or because it already has hundreds of franchises in operation.
For the past 25 years, I have written hundreds of articles, columns, essays, editorials and blogs. They have appeared in many different formats.
Note from John Gordon: Several 'fast casual' summits will be conducted beforehand. Steve and I feel the future of food retail is not to look back and see what worked in the past, but to look forward, thinking carefully about the customer. The following are Steve's good thoughts:
RELATED SMALL BUSINESS NEWS
Is there anything the U.S. press likes more than a piece of news that makes the French look less French and more, well, American?
If you own a business, you may have considered expanding by franchising. Other companies have found success through franchising, so why couldn't you?
What happens to a franchise if a franchisee passes away? Can the franchise be transferred to a qualified successor? Or will the business automatically be terminated?
One of the main reasons why we all work hard is to leave something behind for our kids and grandkids. The choices we make today have consequences we can’t even imagine in the future.
Franchising provides a "proven franchise business system" is a myth I hear from prospective franchisees all the time.
Get funding to grow your small business
Let us help you find the best financing option for your business needs.
Stay up-to-date with our small business newsletter
Tweet, +1, and Like Funder