Mike Ilitch showed us all how a little bit of money and an idea – in spite of education and social standing — could be turned into a multi-million dollar international franchise business. Ilitch died last week in his hometown of Detroit. He was 87 and the founder of Little... View Article
A franchisor says to a prospective franchisee, “In return for your upfront franchise fee, your commitment to follow our business systems, and agreement to pay a monthly royalty fee as well as contribute to our national advertising fund, we’ll teach you how to operate and implement our systems, and provide... View Article
One of the great benefits of buying a franchise in America is that federal law requires franchisors to give every prospective franchisee a Franchise Disclosure Document (FDD), including Item 20, which is a goldmine of information. But prospective franchisees routinely overlook or minimize the FDD, and in doing so they... View Article
Just in time for Memorial Day, here’s an update about VetFran, which helps military veterans and their families find employment and business ownership in franchising. The Veterans Transition Franchise Initiative (VetFran) has helped more than 6,500 veterans become franchise owners since 2011, and more than 230,000 veterans and military spouses... View Article
Any time you ask for information about franchising in general, you’re asking the wrong question. Instead, ask for specific information. For example: “Are Subway franchises successful?” That question is easy to answer statistically, and factually. Here’s why: “Is franchising successful?” It’s one of the first questions people ask when... View Article
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