Blog | Franchise Grade Team (14) | FranchiseGrade.com, Inc.

How Item 19 FPRs Are Shaping The Franchise Industry

May 7, 2015

Item 19 Financial Performance Representations (FPR) are a key component in any prospective franchisee's due diligence process. FPRs help them to analyze a franchise investment for the opportunity of a return. They are critical in constructing a pro forma income statement and cash flow projections.

Why You Should Talk With a Franchise Lawyer Before You Buy a Franchise

April 15, 2015

So you’ve decided to pursue a franchise opportunity and have done some preliminary research to determine if it is a good fit with your business goals and lifestyle. You’ve even identified where you’ll get the money to make the purchase. Before you proceed, consider the issue of “Due Diligence” – doing all the research and completing myriad tasks to ensure your success as a franchisee. One of the most critical due diligence tasks you can do is to talk with a good franchise lawyer BEFORE you make the purchase. Why?

Training Resources For Franchisees and Business Owners

April 8, 2015

Nearly every business in the franchising industry has its own vaunted pool of industry-specific “training resources”. For example: The restaurant industry has the National Restaurant Association (www.restaurant.org). Their training programs cover everything from training for the general manager to the people who actually prepare and serve the food. But there are also training resources for those who may not have decided on an industry to jump into; resources that can give you a bit more insight into what it takes to become a franchisee; to help with your decision-making. A couple of favorites:

Researching Vendors For Your Franchise

April 3, 2015

Another of the many due diligence topics you need to explore and research for discussion with a potential franchisor is Vendors/Suppliers. This is especially true for most business in the franchise industry. All of them require a solid, reliable network of vendor contacts. These are the people who will be providing the initial and ongoing products and services to your franchise.

Your Home Office - What You Need To Know

March 26, 2015

Nearly everyone has a space in their home or apartment that they use as a home office. As you begin to consider investing in a franchise, your home office will be where you begin – transforming it from where you pay household bills and make/take business-related phone calls, to the business office you will be using on your journey to franchising. In fact, regardless of what type of franchise business you’re planning to get into, it’s almost certain that you will be getting started out of your own home office. Further, some business are ideally suited for being run out of a home office rather than an external, on-site location like the back room of a restaurant location. On that note, there are many due diligence tasks you need to address when transforming your space into a business office for your franchise. Following are a few of the most critical.

Getting Started as a Franchisee: After You Buy/Before You Open

March 20, 2015

Once you’ve purchased a franchise and signed all the paperwork what’s next? Certainly your franchisor will be able to give you a list of things you need to do before you open the doors to the business. Most of these are tasks are spelled out in lengthy detail in the Franchise Agreement (FA). While you’ll need to read the entire document at some point, here’s a brief overview of the most important tasks you’ll need to attend to.

5 Lessons Every Franchise Owner Can Learn From Ryan Leaf

January 16, 2015

Leading up to the 1998 NFL Draft, the world was a buzz as to whether the Indianapolis Colts would draft Peyton Manning or Ryan Leaf. The Colts ultimately decided on Manning, and as they say, the rest is history. The San Diego Chargers picked Leaf. He did not last very long in the league. And now he resides in prison.

How to Inspire Loyalty and Boost Your Staff Retention (Part 2)

January 5, 2015

The people inside your business make or break your success.

3 Things Franchisees Must Do in 2015

December 27, 2014

It is hard to believe, but 2014 is just about over. On to 2015.

Is Your Spouse Helping or Hindering Your Business Goals?

December 23, 2014

So you want to start your own small business.