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Franchising and Murphy’s Law
Posted by Ed Teixeira January 26, 2019
Murphy’s Law is well known among business people. Attributed to Neil Maskelyne in 1908, it states that: “Anything that can go wrong will go wrong”. I have observed that when it comes to franchising, Murphy’s Law comes into play more often than desired. In many cases, a new franchise takes off slower than anticipated and the franchisee has to look for a way to remedy the situation.
Read moreFinding The Best Franchise Opportunity That Fits Your Profile
Posted by Ed Teixeira November 12, 2018
Franchise candidates need to follow a specific process if they want to find the best franchise opportunity that fits their franchise profile.
Read moreEstablishing and Maintaining Positive Franchise Relations
Posted by Franchise Grade Team April 15, 2016
One of the most important byproducts of the franchisor-franchisee relationship is the state of franchise relations, which can range from positive to negative. The most common and immediate measure of franchise relations is derived from a combination of franchisee surveys, franchisor-franchisee litigation and feedback from a franchisee advisory committee or franchisee association.
Read moreFranchisor Franchisee Litigation: Perception versus Reality
Posted by Franchise Grade Team April 4, 2016
When considering a franchise opportunity, one of the most important items, a prospective franchisee should review is the disclosed litigation between a franchisor and its franchisees. Presented in Item 3 of the Franchise Disclosure Document, this component of the due diligence process has been recommended by franchise attorneys and franchise industry professionals for countless years. There is little doubt that the amount and type of litigation a franchisor disclosed in their FDD can provide insight into the state and quality of franchise relations in a franchise system. However, what it doesn’t reveal is the amount of litigation that’s avoided due to a franchisor and franchisee amicably resolving their differences.
Read moreWill You Freak-Out or Hunker Down?
Posted by Franchise Grade Team November 5, 2014
Sometimes motivation is forced upon us. We are thrust into the Un-comfort Zone. And, whether we sink or swim depends on how we respond to the situation. How do you react during a crisis?
Read more3 Items Required To Land A Franchise Business Loan
Posted by Franchise Grade Team October 22, 2014
Financing a franchise is really no different then financing any other business – at least in the eyes of the lender.
Read moreHow Do You Know If A Franchise Is Right For You?
Posted by Franchise Grade Team July 9, 2014
Franchises are complicated yet simple. The best ones have spent years fine tuning their processes; their systems, their brand and their marketing so that their franchisees can step in, follow the script and hopefully prosper.
Read moreUnderstanding Working Capital Financing Options For Franchises
Posted by Franchise Grade Team May 9, 2014
One of the oldest adages regarding starting and running a franchise is the answer to a common question; "What are the three most important aspects of a successful business?" and that answer is - "location, location, location."
Read moreHow To Work On Your Business Not In It
Posted by Franchise Grade Team May 2, 2014
Most small business owners/managers are normally overwhelmed and have too much to do. This is because they spend virtually all their time working in the business rather than working on the business. While it is necessary to do a lot of work in the business in a start-up to reduce overhead costs and lower the breakeven point, not spending a good deal of time managing the work effectively prevents most businesses from optimizing their results.
Read moreWhat is Better Than Increasing Minimum Wage?
Posted by Franchise Grade Team February 2, 2014
There has been a lot of press recently about the wages of fast food and retail employees. While this is a very real issue, Money, however, is not the number one issue among employees. Survey after survey indicates that recognition is the number one need of most workforces.
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