Q: What is the single most important qualification that franchisors
should look for in a franchisee and why?
During this period, the franchisee will go through an extensive training program that should build a strong, close relationship between the franchisor
and the franchisee.
can change the franchise system at will, so that even if a franchisee does thorough due diligence this might not help them during the relationship.
Despite the new law's protection for franchisors
in Texas, it is uncertain how the exception--in this case, the type of control exerted by a franchisor
that is not customarily exercised to protect a franchisor
's trademark and brand--will be interpreted.
For the challenges he says, big franchisors
still wait and watch the Cambodia market as the market is relatively small when the legal protection is weak, and support systems are under developed.
Check on the up-front fee--good franchisors
will usually make most of their profits from the continuing stream of royalty payments from successful franchises.
can learn more about the company and its Digital Marketing Franchisee Platform at peopletomysite.
are permitted to follow the 1978 version of The Rule until June 30, 2008, they may also begin to follow the revised Rule immediately, and many have chosen to do so.
Unfortunately, many franchisors
overlook both the challenges and the opportunities that exist for managing what is perhaps their most important asset--their people and, more particularly, their franchisees.
All legitimate franchisors
should have these available.
should disclose material facts in accurate and unambiguous language and avoid archaic and awkward legalese.
Mr John Pratt, head of franchising at Birmingham law firm Pinsent Curtis, said the increasing trend for franchises to seek redress from the courts against franchisors
when their businesses fail should sound a loud warning.
One ongoing dialog about marketer liability, or at least liability for marketing activities and organizations, focusses on the extent to which franchisors
should be held accountable for the acts of their franchisees.
The Franchises Act of Alberta provides protection to prospective franchisees by requiring franchisors
to provide a disclosure document to franchisees in a timely manner and by providing several remedies to franchisees for breaches of the Act.
CPAs are a natural to assist franchisors
in planning and executing a franchise network.