by lwelko | Jul 30, 2019 | Business Tips, Franchisee, Franchises, Franchising, Franchisor
All good Franchise systems will require that Franchise agreement are the same for all Franchisees. As a consequence, they will generally make the statement that the Franchise Agreement is a non-negotiable instrument. If a Franchise system allows for the negotiation of...
by lwelko | Jul 4, 2019 | Business Tips, Franchise business, Franchisee, Franchises, Franchisor
Simply, the best If you’re like me, you’re always looking for the best deal for your money – whether at the grocery store, the mall or an elegant restaurant. Why settle for anything less than what you pay for, right? So, if you had the choice of building a home...
by lwelko | Jul 2, 2019 | Business Tips, Franchisee, Franchises, Franchising, Franchisor
The ongoing Royalty Fee is the Franchisor’s share of the income derived from customers or clients. It’s an important concept because it emphasizes that the customer ultimately pays for everything, including the Franchisor’s royalty, the Franchisee’s overhead, all...
by lwelko | Jun 27, 2019 | Business Tips, Franchise business, Franchisee, Franchises, Franchising, Franchisor
Franchising is a strategy that the Franchisor uses to achieve market expansion and market domination. Franchises are granted or awarded to a qualifying Franchise Candidate that has similar objectives in their own marketplace. That Franchisee will have the...
by lwelko | Jun 13, 2019 | Business Tips, Franchise business, Franchisee, Franchises, Franchising, Franchisor
If you’re thinking about going on a trip, you see your travel agent, who makes the trip a reality. Think of me as your franchise travel agent. In determining your itinerary, I need to get to know more about you. So, expect a lot of questions. The more you share, the...
by lwelko | May 31, 2019 | Business Tips, Franchisee, Franchises, Franchising, Franchisor
Alex Trebek, the host of Jeopardy, once said: “We are all experts in our own little niches.” When it comes to buying a franchise, franchise brokers or consultants are the experts, helping potential candidates buy a franchise. Having an advisor in your corner can...
