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Understanding Franchise Documents

When you review a franchise opportunity for prospective purchase, you will receive documents from each franchisor called the Federal Disclosure Document (FDD). The law requires that a prospective franchisee must receive the document 14 days before signing a franchise agreement. The reason for the law is to insure time to review the document. The FDD contains a lot of information about a franchise: rights, obligations, how the business will operate, potential income, past legal issues, and many other factors. Most appreciate time to understand and review the document. No one should rush this process. 

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Match Your Background to the Right Franchise

“Ted” wanted to open a healthcare business. Senior care is a fast growing business and presents an excellent opportunity.  Managing a healthcare business requires managing a wide variety of caregivers, some who provide skilled care, others provide important non-skilled support.  A critical skill for success is a solid management background. The franchise owner must have the ability to effectively manage a large and diverse staff to insure service delivery to clients is first rate.  Ted’s background was in sales; he had never managed staff. 

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A Franchise Could Be Your Next Job When You Move

I work with clients interested in moving to a different location.   Perhaps they want to trade the snow of the north for a warm beach in Florida. Others want to leave a large city for a smaller town. A move to be closer to family is another reason to relocate. When you move for personal reasons rather than job-motivated ones, the question becomes “How do I get a job that pays well in my new location?” 

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