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You're making one of biggest decision of your life, so educate yourself. The articles and other resources in this section contain valuable information to consider when evaluating a franchise or business opportunity. Is a franchise right for me? How much capital do I need? What specific questions should I ask? A little time spent reading and learning now can save you a lot of heartache later!

Franchise Knowledge Center Blog

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Advice from the Experts
How to Avoid Franchise Undercapitalization
Posted on: 02/15/2008
One of the biggest mistakes that people make in opening a franchise business is starting undercapitalized. The good news is that making sure you have enough money to get to the starting line (opening...
How to Evaluate Your Franchise Support
Posted on: 04/25/2008
I've narrowed my search down to three franchises. All of them promise great support. How can I get a better idea of what I'll really get from each of them?

Checklists to Help You Evaluate
Franchise Genius Checklist - Is Franchising for Me?
Posted on: 02/25/2008
Franchising is a great business model, but it's not necessarily right for everyone. These questions will help you to decide if franchising is right for you.
Franchise Genius Checklist - Franchisee Research
Existing franchisees are often the best source of information when evaluating a concept. In order to make the most of your time with them, it helps to be organized and specific. This list will help.
Franchise Genius Checklist - Franchisor Research
Top 20 questions to ask franchisors as you do your due diligence.
Franchise Genius Checklist - Franchise Legal Research
It is important to thoroughly understand all legal documents prior to signing them. This is a list of questions commonly asked by franchisees during the selection process. It is only a sampling, and...
Franchise Genius Checklist - Evaluate Franchise Support
A simple checklist to help you make sure you ask the right questions of both franchisors and their current franchisees.

Get Started with Franchising
What is Franchising?
Posted on: 04/10/2008
In its most simple definition, a Franchise is a business opportunity that allows the Franchisee (possibly you) to start your business by legally using someone else's (the Franchisor's) . . .
Is Franchising for Me?
Posted on: 05/05/2008
A franchise has a lot to offer the right person. This includes a proven system of running your business that will stay with you for as long as you own your franchise. While this has proven to be a...
Narrowing Your Franchise Search
Posted on: 06/12/2008
Searching for franchises and business opportunities is easy. Narrowing the search to a manageable level, however, takes some discipline. It's also a necessary step to keeping you from becoming ov . ....
Roles and Responsibilities of Franchisees and Franchisors
Posted on: 03/10/2008
The Franchisor has built a successful business system and is willing to sell you the right to use that system, and all that goes with it, to begin your own business. An important distinction is . . .
Roles of Franchise Brokers and Consultants
Posted on: 05/23/2008
You can get help in your search for the perfect franchise or business opportunity in the form of franchise / business brokers and franchise consultants. They can help identify opportunities that . . .
What Franchisors Look for in Franchisees
Posted on: 04/18/2008
The franchise sales process is kind of a paradox: both sides want the other to like them, to show that they are perfect for each other. At the same time, both the franchisor and the prospect want . ....
Buy a Franchise vs Start Your Own Business
Posted on: 03/04/2008
Ultimately, that's up to you to decide. But it helps to layout the pros and cons to both situations. Your aversion to risk, business experience, and financial considerations should all be taken...
Franchise Advantages and Challenges
Posted on: 03/20/2008
There are advantages and challenges to nearly every business model. The key is to understand what they are and the impact they'll have on your business ahead of time so you know what to look out...
What is in a Franchise UFOC?
Posted on: 04/02/2008
There are 4 parts to a Uniform Franchise Offering Circular. We list them here, along with some things to keep in mind for each section.
What is the Franchise UFOC's Role?
Posted on: 03/14/2008
The UFOC is a large, and often intimidating, document sent to prospective franchisees by the franchisor. Knowing what it contains, and what it does not contain, can help you to find the information...

 

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