By Peter Saunders You don’t need a specific degree or to be an expert in franchising to become a franchisee. Franchising is the world’s most successful business model because it takes people from all walks of life and gives them the tools they need to be entrepreneurs in specialized fields. Considering your talent, skills and life experience, you’ve probably got a lot to be confident about as you prepare for your franchise journey.
By Lori Karpman When you are looking to move from employment to self-employment, there are a variety of business models to choose from and franchising is just one of them. Thousands of people have bought franchises and prospered through this form of self-employment.
By Lori Karpman Q: How does master franchising work? Lori says: It is a form of ‘sub-franchising.’ The franchisor sells a licence to use the franchise system in another geographical jurisdiction to another party with all incumbent rights and obligations, including the ability to sell franchises.
By Lori Karpman In any relationship, there is the potential for disagreements and misunderstandings. The franchisee-franchisor relationship is no exception. When major problems arise, litigation and government regulation are among the ways to deal with them.
By Lori Karpman Q: I have a few possible partners lined up for a new franchised full-service restaurant (FSR) I’m planning to open. They are all qualified for the position. Which criteria should I use to choose the right person to work with?
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