Franchising
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What should be in an employment contract
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What steps to take when selling your franchise
When you’ve made the decision to sell your franchise, there are several important steps to take so that you get the price you want and the transaction runs smoothly.(1) First things first, read the franchise agreement and get a good understanding of...
10 Critical steps to take when buying a franchise
So you’ve decided to become a franchisee. That’s great news but let’s take a look at the top 10 things you need to do when buying a franchise:(1) Make sure you have given proper consideration to why you want to be a franchisee. Are you just bored i...
What is the difference between Franchising and Licensing?
Many people tend to use the terms Franchising and Licensing interchangeably but they are quite different for several reasons. Often people think licensing has all the advantages of franchising but without the cost or regulation, but this is not corr...
How do Guarantees work?
Often, when applying for an unsecured small business loan, you are required to provide a personal guarantee of the loan, either in full or part.A personal guarantee is unsecured, which means it is an amount not tied to any specific asset such as your...
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