Posts Tagged Franchising A Business

Franchising Your Business? Things to Keep in Mind

Posted on May 4, 2010 by Lizette Pirtle

  Last month I was interviewed by Paul Segreto on his radio show Franchise Today. During this interview I covered some important topics to consider when franchising a business. This post which I am revisiting expands on the topics I covered during the Franchise Today Interview. Are you considering franchising your business? If so, start by [...]

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True or False? Most Common Franchising Myths

Posted on May 3, 2010 by Lizette Pirtle

  Many people hold some erroneous beliefs about franchising which can mislead them and create a lot of unnecessary pain.  Myth 1:   If I franchise my business I will make tons of money. Yes, there is a good probability that franchising a business will result in significant financial gain. But, unfortunately, this is not always [...]

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Who Should NOT Franchise Their Business?

Posted on March 24, 2010 by Lizette Pirtle

Franchising is not for everyone. Not every business seeking to grow should choose franchising as the method of expansion. For example, some businesses do not have the ability to create a sustainable relationship (see older post); for others the decision whether or not to franchise should be considered in light of the following five questions: [...]

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What Are the Challenges Faced by Start-up Franchisors?

Posted on March 18, 2010 by Lizette Pirtle

Start-up franchisors face numerous challenges but they can all be summarized in one phrase: They need to learn how to become successful franchisors. They must master their new tasks and responsibilities and all that it entails to be a successful franchisor. Most franchisors learn as they go; some are smart and look for information, mentoring, and [...]

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I want to franchise in the future, is there anything I can do now?

Posted on October 28, 2009 by Lizette Pirtle

You want to grow your business. You’ve done your homework and found that franchising is the best way to expand, but you are not quite ready to do it yet. You may not have the funds to go through the process or you may not have been in business long enough to prove the concept [...]

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7 Reasons to Franchise your Business

Posted on August 5, 2009 by Lizette Pirtle

Business owners considering growing their companies often want to know which is the most suitable expansion vehicle. Should they franchise or should they expand by hiring staff and opening locations or satellite offices? The answer depends on each company’s objectives, their resources and the personalities and values of the principals. Companies that decide to grow by expanding their [...]

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Franchising – Federal (FDD) vs State Registrations

Posted on February 2, 2009 by Lizette Pirtle

Franchising a business is not an inexpensive endeavour. One of the major contributors to its cost is the legal compliance required when franchising a business.  The Franchise Disclosure Document (FDD) which replaced the Uniform Franchise Offering Circular (UFOC) in July 2008 must follow the guidelines of the Federal Trade Commission. The FDD is a lengthy document that [...]

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Franchising and Community Development

Posted on January 28, 2009 by Lizette Pirtle

Community Development is a general term used to describe practices used by civic leaders, local governments and concerned citizens to empower individuals within a community with skills and opportunities that will improve not only the social and economic conditions of the individual, but also those of their communities.  Although most community development efforts focus on disadvantaged areas, its principles [...]

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Right Time Kids Franchising

Posted on October 1, 2008 by Lizette Pirtle

Last August we finished creating the franchise system for Right TIme Kids, a childcare drop in center (http://www.righttimekids.com/). In this short time Right Time Kids has sold two 3-pack franchises. Congratulations! Right TIme Kids worked hard during the development of their franchise system to collect the names and contact information of those people who were [...]

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