There seems to be a lot of
confusion amongst early-stage business owners concerning use of the various
trademark symbols (TM, SM, and (R)). This article addresses when to use which
symbols, and when not to use any of the symbols at all.
Think about the last time you
hired a plumber or an auto mechanic, or a lawyer for that matter. Without
asking, you probably knew that the person you hired owed you a legal duty to
perform the job in a competent manner consistent with the standards of his or
her profession. The same is true when you bought a new car or built a new
house. You rightly expected that the seller would stand behind its
responsibility.
In the past few weeks, I’ve
discussed what constitutes trademark
infringement,
how to protect your image and intellectual property
online,
and some recent developments in the law regarding use of competitor keywords
in search engine marketing.
This article goes back to the fundamentals, and discusses ten tips for
selecting a trademark.
On the subject of “fairness” in
franchising, we will try to separate the optimists from the pessimists .
Hopefully, we will make an optimist out of even the most cynical readers
amongst us.
AS: The finance background is helpful but absolutely not necessary in opening
the franchise. It was helpful that I knew how to read the financial
statements, but it is not a skill that cannot be learned quickly. In
retrospect, any experience that one has is helpful in opening and running your
own business. You are faced with so many different challenges on daily basis,
therefore the more experience you have with Marketing, Operations and
Finance, the more tools you have to solve these problems the best possible
way.
Other major advantages of home-based franchise opportunities are low start-up
costs and overhead expenses.The initial investment required for an at-home
franchise is typically much lower than a conventional franchise, often in the
$15,000-$30,000 range. Some home-based businesses can be started with just
$10,000. Since franchisees do not need commercial space, work-from-home
franchises also have low overhead costs and require little to no inventory.
FranchiseHelp interviews J.R.
Cottle, franchisee and area developer of Highway 55 (formerly known as Andy's
Burgers Shakes & Fries) casual restaurants. J.R. started working as a fry
cook at HWY 55 as a teen and now owns multiple HWY 55 restaurants with plans
to introduce the franchise to South Carolina. He draws upon his experience as
an employee and his current perspective as a franchise owner to offer his
advice and best practices to prospective franchisees, employees, and employers
alike.
A duty to be fair or to be reasonable hardly seems to be unfair or
unreasonable, but many franchisors and their attorneys believe that the
implied covenant is dangerous or ill-advised and should be abolished. Their
concern is that, by its very nature, a duty to act in “good faith” or to “deal
fairly” or “reasonably” is inherently unclear.
Because we have 30 years of experience as the largest frozen yogurt concept,
our size allows us to provide services to franchisees that smaller brands
don’t have the resources to provide. We are only as successful as each of our
individual franchises are, so it is of utmost importance that we offer a
service model, economic model and brand model that are appealing and profit
generating for our franchisees.