Introduction to Master Franchising: The 21st Century Paradigm for Establishing a New Enterprise
The Hierarchy of Franchising
How Does Master Franchising Work?
Hush, Hush, Sweet Master Franchisee!
Secret Ingredients for Successful Master Franchising
Beware the Rights of First Refusal Clause
Master Franchising as an Investment
Increased Revenue Potential
A Very Prestigious Business
What it Takes to Own a Master Franchise
The Benefits and Responsibilities of Master Franchise Ownership
First, the Benefits of Being a Master Franchisee...
...and Now, the Responsibilities of Being a Master Franchisee
Master Franchise Agreements & Licenses
Terminations and Renewal
Finding the Master Franchise that's Right for You
Before Selecting a Franchise System
Your Investment
Your Abilities
Your Goals
Turn Off and Tune In...to Your Goals
Finding Information about Available Franchise Opportunities
Selecting a Master Franchise
Demand
Competition
Name Recognition
Training and Support Services
Parent Franchisor's Experience
Growth
Shopping at a Franchise Exposition
Know How Much You Can Invest
Know What Type of Business is Right for You
Do You Have the Necessary Background or Skills?
Comparison Shop
Get Substantiation for Any Earnings Representations
Take Notes
Avoid High-Pressure Sales Tactics
Do a Discovery Day
Investigating Franchise Offerings
Business Background
Litigation History
Bankruptcy
Restrictions
Terminations
Training and Other Assistance
Seek Input from Other Franchisees
Earnings Potential
Financial History
Additional Sources of Information
Talk to Your Accountant and Attorney..and Your Family, too!
Better Business Bureau
Government Departments
Federal Trade Commission (FTC)
Follow That Dream
Take the time to educate yourself PRIOR to spending your life's saving on any business venture. Spending a few dollars acquiring knowledge and evaluating an opportunity could save you years of aggravation. We have assembled here a number of our favorite business franchising books and guides to help you "Get Started".
