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FDD Franchise Disclosure Document – Know More

FDD Franchise Disclosure Document – Know More

The UFOC Has A New Name and A Few New Twists Read All About It

Yes, even though it happened in 2008 the change from the old UFOC to the new FDD Franchise Disclosure Document is still big news in the franchise circles. The Federal Trade commission had not revamped the document since its inception in 1979. Some say it was long overdue.

The FDD still will provide the necessary information to prospective franchisee’s so they may make a more knowledgeable choice but there are several additions that must be mentioned.

1. In the old standards the first meeting was when the FDD was to be given to the prospective franchisee. This is no longer required as long as the franchisor or its representative gets the document to the prospect at least 10-14 days in advance of the signing. These are calendar days and not business days.

2. Under the old guidelines of the UFOC the final documents had to be supplied within five business days of closing. This has been the cause of a lot of confusion. Setting the deadline according to calendar days, seven to be exact, has changed that. This will make closing go a lot smoother.

3. The new FDD franchise disclosure document can be sent electronically now and the signatures are being accepted in a variety of ways so we no longer have to use couriers or registered mail. The franchisor merely has to inform the prospect what forms the document is in and make them available for faxing or downloading. The signature could take the form of a password, code or even an E-Signature will work now.

4. More details are being disclosed than before as well. Like the number and nature of any lawsuits or bankruptcies. Information about parent companies if the franchise is a subsidiary and if any of the officers has an interest in any of the suppliers they are promoting. One thing that is making a wave is the new disclosure regarding whether there is a gag order on previous franchise owners.

5. Under the new FDD the franchisor must disclose if the franchise they are selling is one that was previously held and by whom. They also have to give information for all the franchises that were sold, transferred or terminated for the past three years and why. If the franchise was previously owned they will have to provide the potential new owner with documentation on the owners for the last five years. This must include name and contact numbers.

So you see it was a big job, not just a facelift. The reconstruction was an attempt to make things easier for all parties involved and provides the potential franchisee with even more information for decision making.…

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Cleaning Services – Find Out Whether You Need Them For Your Office

Cleaning Services – Find Out Whether You Need Them For Your Office

Many companies need cleaning services at some point, no matter their industry. However, some business owners are not aware of this, and assume that they are one of the few that does not need such a service provided. If you want to know if you are in charge of an office that does not need to be cleaned professionally, read on to find out which kinds of business owners can get away with not having this kind of service.

If you have plenty of time on your hands, you probably have time to clean on your own. If you are experiencing a slow time in your business and have a few hours to spare each day, you probably do not need to hire cleaning services. You can use your time productively and save some money by going this route, as long as you have the desire to do it yourself.

Perhaps you have several employees but little work. Rather than laying off workers due to lack of business, you can put them to work providing cleaning services during their time on the clock. To minimize complaints by employees, make sure that you either allow them to choose their task, or rotate the tasks regularly so that the same employee is not always stuck cleaning the bathroom or mopping the entire office.

If you have little foot traffic in your office, and customers never come in, you might not need regular cleaning services. Perhaps you only have a few employees, in which case you can simply remind them to keep their own desks and the area around them tidy. If you have no employees, or they all work from remote locations, keeping the office clean will be especially easy. You will probably only need to deep clean a few times per month, which should not take much time out of your schedule. In this case, keeping the business clean will probably not require the help of a professional company.

The majority of companies do not fall into these categories, but there are always exceptions. If your company is a one-person operation, your employees work from home, or you and your workers all have some extra time to tidy up, there is no reason to spend money on professional services. However, if your company is quite busy, experiences visits from customers or the general public, or employs a lot of people, you will likely have a need for a professional to come in and clean.…

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Should You Help Your Unemployed College Graduate Buy a Franchise?

Should You Help Your Unemployed College Graduate Buy a Franchise?

Anyone who studies economic data realizes that we are slowly progressing out of this last recession, and it was quite a doozy. Still, the jobs have not recovered, and many kids are graduating from college, and they can’t find jobs, meanwhile they have student loans to pay. Not long ago, I was at Starbucks talking to a very nice couple whose son just graduated with a degree in education, but of course he could not find a job.

As we were talking I mentioned that in retirement I run a think tank which operates mostly online. They said to me; “well, if you are so smart, maybe you can help our son find a job.” Well, that’s a little bit of a difficult situation, and it’s not what you know, it is whom you know. Further, with all the teachers being laid off in our local area, I doubt if he will find a job anytime soon around here with his new teaching credential. But, I also realize that there are educational franchises available, and I mentioned this fact to the couple.

Indeed, the only problem with buying a franchise is that it costs money. Money that this kid doesn’t have and he’s already in debt for student loans to the tune of $65,000. Actually that is a low amount compared to the average these days for folks that have a bachelor’s degree. In any case that’s where he stands, and so I ask you the question? Should parents help their Unemployed College graduate buy a franchise, perhaps by cosigning a loan? In other words buying him or her a job?

It depends on the situation, and the franchise, and the success of the franchise system. It might indeed be at least one possible solution to such a dilemma. Of course you will have to do your due diligence, and make sure that the franchisor is financially fit, and that franchisees are not failing. Also, perhaps the franchisor would carry back half of the franchise fee, lowering the cost to purchase the franchise.

You’d be surprised to find that franchisors are quite interested in getting younger folks with lots of energy to become their franchisees. In fact, before retirement I was in the franchising business, and I always appreciated kids out of college because they were go-getters, and they helped build our franchise brand-name quite strong. Perhaps this is one option that you should consider, and I ask that you think about it.…

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A Good Estimate Of Commercial Cleaning Service Requirements

A Good Estimate Of Commercial Cleaning Service Requirements

The ancient Chinese have rightly said in a book titled the “Art of War” – “To be forewarned is to be forearmed.” I cannot emphasize enough on the kind of far reaching implications of that statement or its relevance in the modern times. You might contradict saying that this is not an age of endless wars between ancient kingdoms, and that this statement has nothing to do with our common lives. Of course you could not be more wrong. Think again and open your eyes. We live in the world ruled by the corporate giants and thriving businesses. And with the far reaching financial implications of any small entrepreneur related step, everything is war.

Maybe not with the same kind of fatal hostilities involved, but the urge to win is just the same. So it is best to be prepared in any form required and plan out your moves. A particular case that I am going to look at now is the requirement of commercial cleaning services for a business or a workplace. It is apparent that the best way to go about the cleaning chores in your business is to go for professional services. It not only saves you from being encumbered with something so trivial (and important!) but it also helps you on the financial front. This is because of the fact that the contractual professional cleaners have been long thought to have won over in-house employees.

But, since this professional service, like any other service, is going to come at a cost, a cost that is going to add onto your business budget, it is best if you think of these before hand and plan out your budget accordingly. This will go a long way in easing out financial strains in the future and even judge your contract requirements better.

Most importantly, you need to assess and estimate the cleaning requirements appropriately. It all depends on the kind of work involved. For instance, if you are hiring carpet cleaners, make sure you have the right estimate of your carpet area at the workplace. Also, window cleaners or glass cleaners in general would have to know all about the total amount of glass area that needs cleaning.

You should also have a precise estimate of what element at your workplace requires what kind and frequency of cleaning. This kind of estimation would ensure what kind of contractual (and hence financial) obligation you are getting yourself into, and will help you out a lot with your business.…

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Small Business Grants

Advantages And Disadvantages Of Online Procuring

Tipps, Ideen und Informationen rund ums Geld verdienen im Web. Larger flexibility and effectivity in product and repair supply. Stand out in a competitive atmosphere by earning one of Southern New Hampshire College’s on-line enterprise levels. The one thing you spend to develop these merchandise is your time and experience.

Thankfully, you don’t have to develop, produce, and even supply your own merchandise! There is a lot that goes into¬†building web sites, from figuring out coding or particular platforms, resembling WordPress, easy methods to translate the imaginative and prescient in a consumer’s head onto the display, and extra.

I’ve taught thousands of people how you can begin new companies, develop into freelancers/consultants/coaches, scale their present business, and adopt psychology mindsets on tips on how to stay a Rich Life via my courses. Our online business degree programs are designed to help you earn your degree on tempo along with your busy schedule.

On-line companies can have completely different on-line enterprise-fronts (how they seem on the internet). Applications are designed with input from trade advisory council, which is a platform for receiving information and advice from senior business leaders in tune with right now’s aggressive job market.

The aim of any profitable dealer is to recognize which currencies and shares are more likely to improve or lower when it comes to worth. The income for this venture are just too small to justify the time and vitality you’ll put into it. Plus, individuals would relatively get their desktop wallpaper without spending a dime anyway.…

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Dairy Queen Franchise Review

Dairy Queen Franchise Review

Dairy Queen is a popular name making various treats products especially from the soft ice cream which is relished by all. You will generally find a franchise of the same in the shopping Malls, fuel centers, busy market areas, office building and also in other places where huge footprints fall everyday. The company has spread its business in 5900 locations in U.S. and is also serving in 22 other foreign countries.

Background Of Dairy Queen Franchise

The founder of Dairy Queen Mr. J.F. McCullough started his business in the year 1940. He believed that when the ice creams will taste even better if it is soft rather than frozen solid. He invented a new recipe of making soft ice cream and began selling the product with his son Alex. To sell this new treat item both they tried to convinced one of their customers for an introductory sale. Surprisingly, when the sale started the number of customers stood up to 1600 and everyone loved the delicious treat. Inspired by this amazing success, McCullough opened his first store in Joliet on 22nd June 1940. Initially it sold two or three types soft ice cream such as cones, quarts and take-home pints and gradually it started selling a variety of products like banana splits, Dilly bars and many more. As the business expanded Dairy Queen stepped into franchising which began from 1944. Today the company is also selling various fast food items like hot dogs, hamburgers, chicken strips, DQ Orange Julius etc.

Excellent Franchise Offers

The Dairy Queen offers three different types of franchise of its products. Among them the DQ grill & Chill is the largest one which is essentially a fast serve restaurant with the facility of comfortable indoor seating arrangements. It offers items like soft-serve, drinks and other fast foods. The Limited Brazier is smaller than the former one and sells only soft ice creams and some fast foods products. For DQ treat Center stores the franchisee should sign an agreement with the DQ Orange Julius and is allowed to sell only the soft treat and Orange Julius items.

Cost And Fees For Buying The Franchise

The total investment cost for setting up a DQ franchise may vary from $372,802 to $1,771,860. The ongoing royalty fee is 4 to 5% and that the franchise fee ranges between $25,000 and $35,000. The company has a variable term of agreement which can be renewed from time to time. The amount of net worth and the cash liquidity requirement for the franchise should be $750,000 and $400,000 respectively. Financial assistance on startup and equipment costs is provided by the company in case of third party franchise type. However, no assistance is offered for inventory, or payroll cost or for the cost of accounts receivable.

Exclusive Training and Support

Currently the company is offering four major training programs these are Management Training Readiness Assessment (MTRA), SERVESAFE Certification, American DQ Corporation’s Training Program and Cake Decorating Certification Course. It also offers exclusive ongoing support on evaluating the field operations, toll free phone lines, great openings, frequent meetings etc. Beside this, marketing support on national media, co operative ads and support for promoting local programs will also help the franchisee to run the business successfully.…

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IronDrive Franchise Opportunity – A Simple Review

IronDrive Franchise Opportunity – A Simple Review

IronDrive specializes in Garage Floor coatings and much more! IronDrive provides you the opportunity to install high quality coatings for residential garages and many commercial coatings applications. Their product is simple to apply – a two car garage can be coated entirely within as little as six hours!

The market for this product is virtually untapped. IronDrive reports that a high percentage of garage floors in the United States are bare concrete. More and more garages are being becoming the seconds “man cave” or are just being coated so that oil spills and dirt can be quickly be cleaned up.

An investment for this relatively low cost franchise startup of $39,000 makes this a very attractive opportunity. This gives you the opportunity to be your own boss and run your own company. There is also very low inventory required. The company states that this is a “Turn Key” operation, but mentions no means of developing an internet presence. For a fraction of the price of the franchise, you can learn how to effectively learn how to market your IronDrive business on the internet. You simply need some Internet Marketing, Mentoring and Coaching and training to help you jumpstart your new venture. You are obviously reading this on the Internet, and you as a business owner need to learn how to market on the Internet as well.

Other advantages of IronDrive include the product itself – they are certified “Green” products with low, or no V.O.C’s (Volatile Organic Compounds) such as regular paint solvents. They also have a clear topcoat which dries in two hours. This is a great up-sell product and most garage owners will opt in for this service.

To be a franchise owner you must possess these traits:

1. Be customer oriented

2. Have a positive attitude

3. Have a passion for quality

Again, the basic fees involve a $20,000 franchise fee; capital equipment and supplies will run $19,000.

The royalty fees are six percent and a two percent advertising fee. That is why it is important to learn how to market online using no or low cost methods, as a two percent advertising budget is not going to take you far into today’s competitive market.

As with all opportunities, it is important to do your own due diligence. You should contact the company and see how long they have been in business. Find names of other franchise owners to see how they are this a stand-alone business, or are they operating another business along with this business? Is the company private or is it traded on a stock market? These are just some of the questions you’ll want to get answered. You can also go to their website to get more details.…