A look at today’s franchise candidates will reveal they are more sophisticated, better educated, and more technologically advanced than ever before. In addition, and even more so because of the economic downturn, they are extremely cautious.
During this economic downturn that continues to surround us, there have been several reports of restaurants and other small businesses offering their services for whatever the customer wants to pay.
It is my understanding, last year the International Franchise Association (IFA) implemented a program whereby volunteer Certified Franchise Executives would mentor franchisors.
I recently responded to a group discussion on LinkedIn where an MBA student asked the question, "Do we need startups?" This student went on to add, " I just read Digital Darwinism by Evan Schwartz and
Using the Franchise Disclosure Document (FDD) as my guide, I would ask very specific questions. I would follow the FDD item by item and ask questions pertaining to each section.
It is unfortunate the franchise industry continues to be (and always will be) subjected to bad press because of franchisee failures resulting in lost family savings including the children's college fu
Assuming proper capitalization and diligence in establishing the original business concept as a franchise sytstem, in my opinion, there are two simple reasons for franchisor failure.
