Franchising
Free Webinar: Coronavirus Crisis Strategy for Franchise and Small Business Owners
Emergency Advice for Your Business During the Pandemic What to Say and Do With Your Landlords, Lenders, Franchisor, Taxes and Employees by Nate Riordan, Franchise and Business Law Attorney: West Coast Franchise Law In this free webinar, Nate Riordan, an insolvency and franchise attorney with over 22 years in restructuring and bankruptcy, will bring his…
Read MoreCOVID-19: What Are The Current and Potential Economic Costs?
Each day that the coronavirus pandemic continues we receive more news of its devastating economic impacts not just in the U.S. but around the globe. Stock markets plunge, businesses close, and ordinary people are losing their jobs temporarily or permanently. The ramifications of the coronavirus will be felt long after the virus has been stopped—months…
Read MoreIs Your Franchise Business Closed Due to the Coronavirus?
If you have a franchise business that is closed and cannot operate remotely due to the coronavirus closings (COVID-19), we have no doubt that this is extraordinarily stressful and that it is very much uncertain whether you can emerge from this with an intact business. We are happy to get on the phone with you…
Read MoreYum! Brands Acquires Habit Burger
Yum! Brands, the parent company of KFC, Taco Bell, and Pizza Hut is acquiring the niche restaurant, Habit Burger for $375 million. The acquisition is poised to take Habit Burger to new heights, far beyond their 300 locations in the United States (company-owned) and China (franchises). Already the largest restaurant company on the planet, Yum!…
Read MoreWhat You Need To Know About Opening A Ghost Kitchen
Ghost kitchens are fast becoming the new frontier for restaurants wanting to expand their market share. Low costs for real estate and staffing are attractive features of a ghost kitchen but so too is the “delivery only” business model. As food delivery apps become more popular with diners, brick-and-mortar restaurants can find it difficult to…
Read MoreHow To Read A Franchise Disclosure Document
When considering the purchase of a franchise business, the Franchise Disclosure Document (FDD) is one of the key documents you should review before making a decision. FDDs contain essential information about the franchise business that will give clues about whether it is a good (or bad) investment. But you need to know what to look…
Read MoreWill That Franchise Marketing Program Deliver Results?
Centralized marketing programs are powerful tools for franchisees. Not only do they provide a streamlined way to market, they make it easy for franchisees to reach a wide audience at a reasonable cost. But if you want to get the most out of a franchise’s marketing program, you must make sure that they have a…
Read MoreStrong Business Infrastructures Create Profitable Franchises
Franchisors trying to expand and allow their franchisees more opportunity for growth and increased market share must have a solid infrastructure in place. A strong infrastructure will provide franchisees with the tools needed to effectively execute the business model and present a consistent brand image for consumers at every stage of interaction. Let’s take a…
Read MoreHow To Build Business Relationships For Your Franchise
When most franchisees think about running a successful business, they think of controlling expenses, increasing revenue, and maximizing profits. But there’s another side to running a successful business—building important business relationships. If you want to have a long-term, sustainable and financially successful business, you must nurture your most important relationships. Business Relationship Types Customers. Your customers…
Read MoreFunding Your Franchise At Any Phase
Getting enough funding for your franchise is critical if you want a fighting chance at success. If you fail to raise enough capital you could run out of cash before you can make a profit or you may miss opportunities for growth because you don’t have enough cash to expand. This is why franchisees should…
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