Growing a Small Business With Documented Systems

An advantage of starting a new business as part of a franchise system is that strong franchise brands have well documented systems and an operational manual that helps you recreate the success they have demonstrated in other locations.  The ability repeat a successful formula over and over again depends on training and well documented systems. The following article is about a small business that grew by documenting their systems.  …

Be a Savvy Franchise Buyer

A franchise FDD(Franchise Disclosure Document) contains a lot of useful information. The documents are large and can seem overwhelming. However, a thorough review can yield a lot of useful information and help you make a good business decision. The following article is useful when helping you understand the section of the FDD that contains information about status of outlets in the system over the past 5 years. Understanding this information…

Why You Should Have Your FDD Reviewed by Legal Counsel

Matthew Kreutzer has published an interesting article that highlights some of the difficulties and risks of trying to review your FDD (Franchise Disclosure Document) on your own.  FDD’s may contain terms that are unfavourable, or in the case he talks about, even illegal.  Sometimes FDD terms are negotiable, and sometimes they are not.  Having representation of legal council can help ensure you get the best terms possible. It is important…