Invest in a Franchise or Open a Business? Weigh the Pros and Cons
There is a great debate when it comes to investing in a franchise or opening an independently-owned small business. Although having your own business where you make all the decisions and start your own brand may sound rewarding, what many entrepreneurs fail to realize is how much work, time, and…
Read morePart 2: What is Item 19? Everything You Need to Know About This Franchise Disclosure Document Section
In the last section, we learned what is item 19 and why the Item 19 is a very important part of the Franchise Disclosure Document (FDD) despite being optional to include. As a prospective franchisee, you want to know how much you can make with a franchise under a certain…
Read morePart 1: What is Item 19? Everything You Need to Know About This Franchise Disclosure Document Section
The franchise disclosure document (FDD) is the most important document that stands between franchisees and their new opportunity. Entrepreneur Magazine explains that the FDD includes 23 standardized sections to break down all associated costs, obligations, restrictions, regulations, and benefits that come with the investment in a specific franchise. The FDD,…
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