Franchising
How to beat bankruptcy
It’s not impossible to get your business out of debt and heading towards profitability. Others have done it and you can too.
Facing bankruptcy can be a terrifying experience for a franchisee or small business owner. But it’s not uncommon – and it’s not hopeless either. Not everyone comes back from the brink, but Jeff McKeown [...]
Three Tips for Financing Your Franchise Purchase
Now is a good time to borrow the money to buy a franchise, say small-business lenders. Banks and finance companies are “flush with capital,” which puts start-up franchisees in a good position, says Reginald Heard, national accounts manager for CIT Small Business Lending in Livingston, N.J. Many local bankers who shied away from franchise loans [...]
Franchisees Proceed with Caution
Before signing on the dotted line be sure your due diligence is complete
The items that they should review include:
That the Uniform Franchise Offering Circular (UFOC) provides the required disclosure including format and content and complies with FTC regulations.
If the Franchisor is selling from or into a franchise registration state that it is registered or has [...]
Nature Calls–And They Clean It Up
DoodyCalls
They run a pooper scooper business. Let’s be real clear about this: Their company sends employees out into yards across communities to pick up dog poop.
“When we first started, ‘disbelief’ would be the way to put it,†says Jacob, “disbelief bordering on pity.†When he told his employer he was quitting his job to run [...]
