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💰 LEARN TO BE YOUR OWN BOSS WITH A FRANCHISE BUSINESS Join us Thursday online! ⏰ WHEN: Thursday, May 25th 11:30 am EDT ✅ REGISTER HERE (free online event): https://lnkd.in/eXqGuxYP With all the amazing brands, products and services in the market, one way to scale is to franchise. We can become a franchisee by buying into a license to operate a branded outlet of a retail chain or we can become a franchisor by developing a franchise system that franchisees can invest into. But what is involved exactly? This presentation brings you franchising experts who have been through the process and have assisted others in their franchising journey. Agenda: Networking (11:30 am - 12 pm EDT) Presentation (12 pm - 1:15 pm EDT) Networking (1:15 pm - 1:45 pm EDT) Presented by the Entrepreneurial Strategy Series and Gearhart Law LLC OUR SPEAKERS: Michael Shapiro is the Founder and CEO of TAPinto.net - Local News and Digital Marketing, a network of more than 90 franchised online local news and digital marketing platforms in New Jersey, New York, Pennsylvania and Florida with more than 20M readers during the last year. The media industry is undergoing dramatic changes resulting in a growing void in local news coverage in thousands of communities across the United States. TAPinto is helping to fill the void in local news by applying proprietary technology paired with a franchise business model to the local news space. Read more at: https://www.tapinto.net/ Brian Lincer is a Partner at The Internicola Law Firm, PC, where he helps clients develop, launch and grow franchise systems. Intercola specializes in representing entrepreneurs, franchisors, franchisees and national brands in matters involving business transactions, franchising, licensing, intellectual property, product distribution and corporate governance. Read more at: https://lnkd.in/gQ8j9aDk David D. Postolski, Esq. and Richard Gearhart, Esq. are our event moderators. Please email them with questions for our guests at: david@gearhartlaw.com and at rgearhart@gearhartlaw.com This event is sponsored by Gearhart Law, LLC, a full service Intellectual Property firm specializing in Patent, Trademark and Copyright Law. Contact us for for a free consultation: https://gearhartlaw.com/ #entrpreneurship #entrepreneur #franchise #franchising #inventor #startup #invention #smallbusiness #gearhartlaw

Franchising a business involves expanding your existing business by granting other people the right to use your brand name, business model, and operating system in exchange for a fee. Here are some steps you can take to franchise your business Evaluate your business: The first step in franchising your business is to assess whether it has the potential to be successful as a franchise. Consider factors like the uniqueness of your product or service, the profitability of your business model, and the scalability of your operations. Develop a franchise system: A franchise system includes all the processes, procedures, and guidelines that franchisees will need to follow to run your business successfully. You should create a comprehensive operations manual that outlines everything from your business model to your marketing strategy. Protect your intellectual property: Before you start franchising, it's crucial to protect your brand name, logo, and other intellectual property by registering them with the relevant authorities. Create a franchise agreement: A franchise agreement is a legal contract that outlines the terms and conditions of the franchise arrangement. It should include details like the franchise fee, royalty payments, and the responsibilities of the franchisor and franchisee. Find franchisees: Once you have a solid franchise system and agreement in place, it's time to start looking for franchisees. You can advertise your franchise opportunity through various channels like social media, franchise expos, and industry associations. Provide training and support: To ensure the success of your franchisees, it's essential to provide them with comprehensive training and ongoing support. This could include everything from initial training on your business model to ongoing marketing and operational support. Monitor and maintain quality: As a franchisor, it's your responsibility to maintain the quality of your brand and ensure that all franchisees are meeting the standards set out in the franchise agreement. Regular audits and ongoing communication with franchisees can help you achieve this. Franchising a business can be a complex process, so it's essential to seek the advice of a lawyer or franchise consultant to guide you through the process. #Franchise - A general hashtag that is widely used in the franchising industry to promote franchise opportunities, events, news, and resources. #FranchiseOpportunities - This hashtag is specifically used to promote available franchise opportunities to potential franchisees. #FranchiseSuccess - This hashtag is used to showcase the success stories of existing franchise owners and their businesses. #FranchiseGrowth - This hashtag is used to promote the growth and expansion of franchised businesses. #FranchiseDevelopment - This hashtag is used to promote the development of new franchised businesses, including franchise systems, products, and services.

Franchising a business involves expanding your existing business by granting other people the right to use your brand name, business model, and operating system in exchange for a fee. Here are some steps you can take to franchise your business Evaluate your business: The first step in franchising your business is to assess whether it has the potential to be successful as a franchise. Consider factors like the uniqueness of your product or service, the profitability of your business model, and the scalability of your operations. Develop a franchise system: A franchise system includes all the processes, procedures, and guidelines that franchisees will need to follow to run your business successfully. You should create a comprehensive operations manual that outlines everything from your business model to your marketing strategy. Protect your intellectual property: Before you start franchising, it's crucial to protect your brand name, logo, and other intellectual property by registering them with the relevant authorities. Create a franchise agreement: A franchise agreement is a legal contract that outlines the terms and conditions of the franchise arrangement. It should include details like the franchise fee, royalty payments, and the responsibilities of the franchisor and franchisee. Find franchisees: Once you have a solid franchise system and agreement in place, it's time to start looking for franchisees. You can advertise your franchise opportunity through various channels like social media, franchise expos, and industry associations. Provide training and support: To ensure the success of your franchisees, it's essential to provide them with comprehensive training and ongoing support. This could include everything from initial training on your business model to ongoing marketing and operational support. Monitor and maintain quality: As a franchisor, it's your responsibility to maintain the quality of your brand and ensure that all franchisees are meeting the standards set out in the franchise agreement. Regular audits and ongoing communication with franchisees can help you achieve this. Franchising a business can be a complex process, so it's essential to seek the advice of a lawyer or franchise consultant to guide you through the process. #Franchise - A general hashtag that is widely used in the franchising industry to promote franchise opportunities, events, news, and resources. #FranchiseOpportunities - This hashtag is specifically used to promote available franchise opportunities to potential franchisees. #FranchiseSuccess - This hashtag is used to showcase the success stories of existing franchise owners and their businesses. #FranchiseGrowth - This hashtag is used to promote the growth and expansion of franchised businesses. #FranchiseDevelopment - This hashtag is used to promote the development of new franchised businesses, including franchise systems, products, and services.

Tips From A Franchise Coach: Eight Key Items To Review In A Franchise FDD via Forbes: https://lnkd.in/eWurHdt8. "When investigating franchise opportunities, it is important to do your due diligence before deciding to buy in. Being an educated franchisee is about gathering the relevant information and making a sound business decision. Perhaps the most essential item to review is the Franchise Disclosure Document (FDD). To understand the importance of the FDD, one only needs to look at the history and why it exists. Without significant regulations in place during the early days of franchising, some franchisors hid vital company information and made promises about their relationship with franchisees that would go unfulfilled. To protect franchise candidates, the Federal Trade Commission (FTC) created guidelines in 1978 that required a franchisor to share information prior to allowing a new franchisee to join their system. Originally called the Uniform Franchise Offering Circular (UFOC), by 2008 this set of guidelines became known as the Franchise Disclosure Document (FDD). The FTC requires all franchisors to provide candidates with their current Franchise Disclosure Document at least 14 days prior to signing an agreement. The information contained in the FDD is vital for all franchise candidates to make an informed and educated decision on their investment. The FDD contains 23 items that provide information on a variety of areas such as franchise history and background, costs, fees, legal issues and obligations for both parties. While it is extremely important to analyze each section of the FDD, there are eight items in particular that I believe are most informative when reviewing a franchise system. Have questions about franchise ownership OR franchising your existing business? Please feel free to reach out to me at JoeFox@TheFranchiseConsultingCompany.com or (713) 936-4929. I am a Senior Franchise Consultant with over 30 years of business experience. My services are free and I'm here to help. #UnderstandingFranchiseFDDs #StartABusiness #FranchiseExpo #Franchising #FranchisingForVeterans #FranchiseYourBusiness #BuyAFranchise #JoeFoxFranchise #FranchiseConsultant #AreaDevelopment #FranchiseFinancing

Empowering the Franchise Community. In the ever-evolving world of franchising, staying informed and connected is crucial for success. Franchise King Online Magazine has emerged as a leading platform that benefits franchisors, franchisees, entrepreneurs, individuals interested in franchising their business, prospective franchise buyers, as well as professionals and suppliers within the franchise industry. Franchise King has become an invaluable resource, empowering the entire franchise community. At the heart of Franchise King lies its commitment to delivering informative and timely content. Franchisors can access expert advice, industry trends, and best practices that help them navigate the ever-changing franchising landscape. For franchisees, the magazine offers insights on managing and growing their businesses, from operational efficiency to marketing strategies. Entrepreneurs considering franchising their business can find comprehensive guides and success stories to guide their decision-making process. Prospective franchise buyers benefit from in-depth franchise profiles, investment analysis, and tips for evaluating franchise opportunities. Additionally, professionals and suppliers within the franchise industry can access valuable industry news and connect with potential partners. Connecting the Franchise Community: Franchise King website, LinkedIn and Facebook business pages serve as a hub for the entire franchise community, fostering connections and collaborations. Franchisors have the opportunity to share their success stories, industry knowledge, and thought leadership, elevating their brand visibility and attracting potential franchisees. Franchisees can engage with fellow entrepreneurs, exchange ideas, and find support in overcoming challenges. Entrepreneurs looking to franchise their business can connect with franchise consultants, legal experts, and service providers who specialize in franchising. Prospective franchise buyers can network with existing franchisees, gain insights into specific franchise systems, and make informed decisions. The magazine acts as a bridge, bringing together diverse stakeholders and fostering a sense of community. Franchise King has established itself as an essential resource for franchisors, franchisees, entrepreneurs, individuals interested in franchising their business, prospective franchise buyers, and professionals and suppliers within the franchise industry. Through its informative content and networking events, the magazine empowers individuals by providing the knowledge and connections necessary to thrive in the dynamic world of franchising. Whether you are looking to expand your franchise, embark on a franchising journey, or simply stay informed about the latest industry trends, Franchise King is the go-to platform that has become a trusted companion, fostering growth and success within the franchise community. Visit www.franchiseking.co.za #FranchiseCommunity #EmpoweringSuccess