Tired of your 9 - 5 job?
The Small Business Franchise can be the ideal opportunity for the budding entrepreneur with little or no business experience to say goodbye to his corporate job (or demanding boss) and become his own boss.
Or you may have built up a very successful business and the ideal way for you to expand may be to Franchise Your Business!
The small business franchise has a lot going for it as is evident from the vast choice available in the market.
It can vary from a small franchise such as printing or sign writing with a relatively low capital outlay to the international fast food franchises that demand a much larger capital investment.
The franchise agreement will be particular to the specific franchise but there are clauses which are common throughout such as royalties, territory, training, intellectual property etc.
You will generally find the franchise agreement very one-sided in favor of the franchiser, which is aimed at protecting the brand!
There are, however, clauses within the franchise agreement which may be open to negotiation (such as the territory) but in some states or countries you may find the entire franchise agreement cast in stone.
The information shared below has been gained through twenty years personal experience, so having decided to go the small business franchise route or to franchise your business, consider the following before you Get it in Writing!
Explore the possibilities and opportunities offered for the small business franchise on the internet, franchise trade shows or from your personal experience in dealing with one of them. Having done your research and decided on a potential franchise - start asking questions!
Get hold of current franchisees and ask the following:
If you generally find positive remarks from franchisees, it is obviously a good sign. However, very few franchises have a 100% success rate, so get hold of a disgruntled or failed franchisee and ask them the same questions.
By following the links below you can get still some more small business franchise information:
Advantage-Disadvantage of a Franchise
Buying a Franchise - The Territory and Location
Calculating Franchise Royalties
How to Franchise your Business
Finding the Most Profitable Franchise
Termination of a Franchise and Restraint of Trade
The information supplied on this page is just part of the small business franchise information you need. Refer to our Franchise Consulting Page for information on:
A critical look at the small business franchise and everything else to do with franchises can assist you on your road to independence.
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