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Learn the true meaning of the projected investment shown in a franchisor FDD. A mistake can be very costly. Also franchisees can use our tips for increasing sales. Lastly, read about the differences between purchasing and leasing equipment.
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Coming Soon Online Business Courses!
In the next few weeks FranchiseKnowHow will be offering online business courses for franchisees and their employees .
FranchiseKnowHow has partnered with MindEdge, a premier online learning provider, to introduce a library of online business, management, and leadership courses.
These online professional development courses are designed to enhance skills in Leadership, Management, Business Communications, Finance, Business Strategy, Human Resources, and more.All programs are condensed versions of courses developed for, and in collaboration with colleges and universities such as the Harvard Business School, Boston University, and other world-class institutions of higher education.
We'll announce the start of this program in an upcoming newsletter. |
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Buying a Franchise? You Better Understand
Item 7 of the FDD By Ed Teixeira
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Item 7 in the Franchise Disclosure Document requires franchisors to present in a prescribed format a franchisee's estimated initial investment needed to start the franchise business. It's important for individuals looking to purchase a franchise to fully understand what Item 7 contains. A leading cause of franchisee failure is being undercapitalized. Learn how to avoid falling into that situation.
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10 Ways Franchisees Can Grow Their Sales
A major reason people buy a franchise is to own a business with a proven operating and marketing system, a recognized brand and support services. Despite these features, the individual franchisee is responsible for growing his business. Here are 10 ways franchisees can increase sales at the local level.
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Loan or Lease? You May Need Both to Buy A Franchise; It's Important to Know Your Options By Dr. John Hayes
Leasing equipment for your franchise can be a viable alternative to purchasing. Franchisees can preserve valuable working capital and may reduce their personal liability by leasing versus purchasing their equipment. There are a number of other advantages that leasing offers.
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