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- Improvement of Franchise System Proves Effective for Houston Pizza Franchise
- Franchising versus Licensing
- Recovery of Legal Fees in Franchise Litigation
- Franchisors: Financing Options to Increase Franchise Sales
- "The Accidental Franchisor?": When is Franchising Right?
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- Taco Bell Meat Integrity Questioned in Class Action Lawsuit...
Posted on 2/2/2011 - Franchising Documentary Damages Cold Stone Creamery Franchises...
Posted on 1/17/2011 - Noble Roman’s Inc. Wins One Lawsuit, Starts Another...
Posted on 1/13/2011 - Successful Franchises Listen to Customer Demand...
Posted on 1/12/2011 - Kid’s Clothing Store Sues for Trade Secret Theft...
Posted on 12/9/2010
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Franchisor Services
How to Franchise Your Business (Part A)
If you currently run a small, successful business, then you may have considered expanding your business to operate in new locations. One way to do this is by selling franchises. This means selling the rights to own and operate your business in new locations. This can work especially well if you have a particularly unique or distinctive business model. For example, McDonald's, Subway, and Holiday Inn are all examples of successful franchises. If you are interested in franchising your business, you can do so with the expert help of a Franchise lawyer.
What do I need to start a franchise business?
If you are satisfied with your current business and income, and you don't want to work much harder, then you should not consider franchising. However, if you believe you could have much greater success, and do business on a larger scale, then franchising is a possibility.
To start your franchise business, you need to be motivated, ambitious, innovative, a strong manager, as well as an excellent business operator. If your current business is profitable, and has a proven business model, then there is reason to believe you can duplicate that success with the help of franchisees. If you don't know whether you or your business has exactly what it takes, you can consult a franchise lawyer for professional advice.
What makes my business unique?
One of the most important aspects of a franchise business is the customer's experience. This can be the ambience of a restaurant, the décor of a store, or the distinctive way you provide your services. This experience is what will build customer loyalty to your business, and differentiate your business from others that offer similar products or services.
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