THIS BLOG ARTICLE IS ADAPTED FROM THE FORTHCOMING BOOK: TAKING THE FEAR OUT OF FRANCHISING, BY DR. JOHN P. HAYES. As you prepare to buy a franchise, you’ll complete the necessary “due diligence,” the process by which you “investigate” the franchise opportunity, or opportunities, that most interest you. Unfortunately, many... 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
Here, then, are the key fundamentals of franchising. Read them. Understand them. And if you’re willing to accept and commit to them, only then should you buy a franchise. And you can do so almost without fear of franchising. Surprise, it’s called business! I say “almost” because in any business... View Article
Franchising is a very simple concept, and when people understand how it works, and are committed to its fundamental principles, it’s not anything to be feared. Under those circumstances, it works perfectly! Unfortunately, some people, some of the time, turn franchising into something it was never intended to be, and... View Article
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