Need a Logo or a Website? Compare 8 Free Bids Today. Over 50,000 Designers Worldwide. DesignQuote.net

DQ News: First Steps Of Franchising

Berks-Mont:

As you research franchises, ask about the required experience, if any, as well as the expected hours and personal commitment necessary to run the business. You also should learn about the franchisor’s background. For example, what is the company’s track record and how are other franchisees in the system doing? The upfront cost of buying the franchise is crucial, of course, but also how much you’ll pay for the continuing right to operate the business and what products or services you will be required to buy from the franchisor.

The “Franchising Basics” section of IFA’s Web site, www.franchise.org, offers extensive information on how franchising works, online discussion forums that cater to prospective owners, and a searchable database of more than 1,200 franchise opportunities.

And, don’t forget about your financing. If you’re considering applying for a loan backed by the U.S. Small Business Administration, visit the SBA’s Franchise Registry at www.franchiseregistry.com. This service lists names of franchise companies whose franchisees enjoy the benefits of a streamlined review process for SBA loan applications. A faster review means better, faster service, allowing you to get your franchise off the ground sooner. Even if the franchisor is not a Franchise Registry participant, your loan application will still be reviewed individually by the SBA or its lenders.

Photo by Re:group

Need a Logo for your new company? Compare 8 Free Bids Today. Over 50,000 Designers Worldwide. DesignQuote.net

Qualities Of A Successful Mompreneur

Like any other entrepreneur, many mompreneurs share similar qualities that highlight their ability to succeed. The Charlotte Observer has pulled together a short list of some qualities that help mompreneurs succeed. Looking at the big picture and acting o

Turn Your Kids Into Entrepreneurs

How do you prepare your kids for entrepreneurship? The simple answer is a lemonade stand. However, there are some more important traits that kids will also need if they want to become entrepreneurs later on. The Wall Street Journal has listed some of thos

Summer To-Do List For Entrepreneurs

The Washington Post has compiled a list of quotes from fellow entrepreneurs on what you should do this summer. Is any of it on your list? Dive in, head first. “Take the plunge. You’ve been sitting on an idea for a couple years, it’s time to act. Put toget

Cafe2U Coming To The US

Lee Johns first fell for Cafe2U in Australia. He discovered the mobile coffee shop while in the country and knew it was a concept that would find success in the US. So, he obtained the rights to set up franchises in the US. Earlier this year, Johns and th

Franchising and the Economy

Franchising Help: Few people realize how critical franchising is to our economy, but as the infographic below illustrates, some of the most celebrated brands in the U.S. today were launched during times of deep recession, and franchised businesses as a wh

Alaska Airlines Invests in Flight Safety With New iPad Flight Manuals

Chalk up Alaska Airlines as the next major adopter of the iPad. According to the powers that be at Alaska Airlines, iPads will be used to help the transportation provider better use technology to enhance flight safety, improve efficiency and protect the e

Pentagon Classifies Cyber Attacks as Acts of War Worthy of Military Retaliation

On Tuesday, officials at the Pentagon – the hub of US national security – finished preparing its first formal cyber strategy, according to the Wall Street Journal. The Pentagon’s first formal cyber strategy, unclassified portions of whic

Twitter Rumored to Be Planning New Photo Sharing Service

Fresh from its acquisition of TweetDeck, Twitter apparently has another surprise in its social media bag of tricks. In the microblogging platform’s ongoing effort to regain some of the market share lost to competing third-party Twitter platforms, th