No matter what's going on, people still get sick and injured. Some studies
have also shown that healthcare needs increase during recession due to the
associated stress.
But, once the original operating system is established, it must be refined and
tweaked as changes take place in its industry and within the company. An
ongoing challenge for every business, not only franchise companies, is how to
improve their operating systems in order to better manage results.
Jesse: Ladies and gentlemen, thank you for standing by, and welcome to the
FranchiseHelp, Inc. Understanding the FDD for Franchisors Conference Call.
During the participation, all participants will be in a listen only mode.
Afterwards, we will conduct a question and answer session. If you have a
question, please press the 1 followed by the 4 on your telephone. Your line
will be briefly accessed from the conference to obtain the information. If at
any time during the conference you need to reach an operator, please press
star zero. As a reminder, this conference is being recorded Wednesday, May
7th, 2008.
The first impression that the franchisee gets from reading the franchise
agreement is total incomprehension, unless they are well versed in legal
terminologies and phrasing. The FDD is required to be in plain English but the
franchise agreement has no such requirement. Typically, the franchisor’s legal
department works extremely hard to secure the franchisor’s position through
the Agreement and makes it impenetrable for someone who is not a lawyer to
understand. The uniform nature of the agreement for all franchisees makes it
assumed that the franchisee must sign the agreement so that all the
franchisees follow the same terms. Even though that is partially true, the
franchisee can plead their case and negotiate terms where they believe that
they are offering something unique to the franchisor.
Most prospects come with a firm belief in the product or service…but a limited
strength in sales and marketing. Yet sales and marketing skills are the very
skills they need to sell themselves and their services…the skills they need to
keep the business alive! If your potential franchisees and existing
franchisees are like most…they are lacking the "selling gene".
Like the franchisor, the subfranchisor signs a subfranchising agreement with
the franchisees (when a franchise is sold) in the area. Technically, the
subfranchisor takes over the role of the franchisor in certain geographic
regions.
The first step in starting your home business should be in identifying the
type of business you wish to get into. You have to ensure that the business
you are entering does not have any legal or community barriers which would
cause it troublesome to operate from home. The business should be viable to
run from home and should be legally permitted.
The familiar UFOC is now obsolete. This webinar will educate you on the new
terminology, new format, changes in delivery requirements, and the items in
the disclosure document most changed by the new rule.