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Bob Richman Articles

Written by: Bob Richman

Is Franchising For Me 15 Questions to Ask Yourself - Click To Read Article
Have you ever wondered if you would make a good franchisee? Ask yourself these 15 questions and you might discover the answer! Franchising is a great business model, but it's not right for everyone.

Roles and Responsibilities of Franchisees and Franchisors - Click To Read Article
Who does what? In the franchise system, there are two roles: franchisee and franchisor. The two work together to create and expand a successful business concept. So what role does each play in relation to the other?

What is the Franchise Ufocs Role - Click To Read Article
Learn more about the UFOC before buying a franchise. Franchising is a contract system between two parties-the franchisor and the franchisee. As with any contractual agreement, there are legal documents and agreements that must be followed by both parties. The first of these documents is called a UFOC, or Uniform Franchise Offering Circular. Essentially this document is a disclosure of specific types of information that the franchisor must present before any agreements are signed.

What Franchisers Look For in Franchisees - Click To Read Article
Most franchisors talk of "awarding" franchises, rather than selling them. Learn how franchisers think and how they decide which prospects they will and won't sell a franchise to.

What is Franchising - Click To Read Article
In its most simple definition, a Franchise is a business opportunity that allows the Franchisee (possibly you) to start your business by legally using someone else's (the Franchisor's) expertise, ideas, and processes. In some cases, this means also having the right to use the Franchisor's established name and branding, as well as their already-tested business model. In other cases, this means the right to resell (or distribute) a Franchisor's product.

What is in a Franchise UFOC - Click To Read Article
There are 4 parts to a Uniform Franchise Offering Circular. We list them here, along with some things to keep in mind for each section.

Roles of Franchise Brokers and Consultants - Click To Read Article
Should I use a Franchise/Business Broker in My Search? What About a Franchise Consultant? Finding the perfect franchise or business opportunity can be a daunting task -- there are literally thousands from which to choose and all (according to their web sites) are the opportunity of a lifetime.

Narrowing Your Franchise Search - Click To Read Article
Searching for franchises and business opportunities is easy. Narrowing the search to a manageable level, however, takes some discipline. There are more franchises out there than you would ever imagine. Finding the right one for you will take some time, research, and contemplation.

Is Franchising For Me - Click To Read Article
Becoming a franchisee is a personal decision. There are many factors that you'll want to take into consideration when evaluating whether or not a franchise is the right choice for you.

How to Evaluate Franchise Support - Click To Read Article
I've narrowed my search down to three franchises. All of them promise great support. How can I get a better idea of what I'll really get from each of them?

Franchise Advantages and Challenges - Click To Read Article
There are advantages and challenges to nearly every business model, including franchising. Understand the issues that come with owning a franchise and how those issues will impact your franchise business going forward.





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