by Julie Lusthaus | Apr 5, 2019 | Blog, For Franchisees
Franchisees often do not pay much attention to termination clauses in their franchise agreements. A franchisee is often excited to buy the franchise and imagines that all will go well, so there will not be a need to consider terminating the agreement. The more likely...
by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisees
Updating FDDs everywhere You just celebrated the end of 2018. Did you close your franchise system’s fiscal year the same day? December 31, 2018, is a typical fiscal year-end date for most companies – franchises included. But whatever day your business year ends, a...
by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisees
Time flies. Wasn’t it only yesterday that you signed your original franchise agreement? But now it’s five, 10, 15, or 20 years later and it is time to renew…or not. Most franchise agreements include a renewal option, but unless you meet certain conditions, that...
by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisors
As a franchisor, you know that clear communication matters. This is particularly important when one is considering entering into a relationship with a potential franchisee. So, consider making a face-to-face or video call interview a part of the franchise sales...
by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisors
The franchise structure can give you a leg up in building your business. But if you are not prepared to face the following common problems, they could easily derail your company. A franchise owner must know how to handle finances, taxes, people and day-to-day...