Archive for July, 2010

What’s the Makeup of a Franchisee?

Posted on July 9, 2010 by Lizette Pirtle

Understanding the makeup of a franchisee is critical to your success as a franchisor. The first most important thing you must know about franchisees is that they are not like you; they are usually not true entrepreneurs. In fact, in general, true entrepreneurs do not make good franchisees because entrepreneurs are pathfinders and not good [...]

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Franchisees, Franchisors: Do You Need a Surety Bond?

Posted on July 1, 2010 by Matthew Bruns

Fledgling franchisees and franchisors across the nation have a lot to juggle, from the new financial and time commitments to the potential strain on family and friends. In some registration states such as California, Illinois, Maryland and Virginia, new franchisors have an additional challenge. When they submit their FDDs for approval, state examiners may deem [...]

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