Willkommen... » The franchise disclosur

1. Befriend Your Landlord ?If disaster strikes or the economy slows your small business Cheap Daniel Carlson Jersey , you may need lease concessions. Cultivate the relationship before you have to ask for help.

2. Keep Numbers Handy ?From your insurance agent, to equipment service providers, it聮s easier if you have all your essential contact info in one safe place, should you ever need them.

3. Update Your Business Plan ?A business plan is a living, breathing document聟not something to stick in a drawer and forget. Make sure you read and adjust yours regularly.

4. Anticipate The Unexpected ?聯The Worst-Case Scenario?handbook gives examples many of us will never face; however Cheap Mike Hughes Jersey , considering what could happen to your small business is essential.

5. Create Job Descriptions ?Each position in your small business needs a description defining expectations. If you don聮t have them, let your employees help you develop them.

6. Protect Yourself ?Meet annually with your insurance representative(s) to ensure your small business and personal needs are protected at the levels that let you sleep well.

7. Have A Backup Plan ?Remote backup of computer files is inexpensive, and you never have to think about it. Hard drives crash, and if yours ever does, you聮ll get operating again quickly.

8. Know Where You聮ll Go ?When a hurricane nears Cheap Jaleel Johnson Jersey , many people start considering where they聮ll head. Planning in advance, and knowing your evacuation route, saves valuable time.

9. Develop A Succession Plan ?Warren Buffett keeps the names of the successors for all his businesses in an envelope in his desk. Consider what happens if something happens to you.

10. Establish A Line Of Credit ?The time to visit a bank and develop solid relationships is when things are going well, not when you need money. Doing this in advance will make things easier.

11. Cross Train ?Make sure your employees understand each other聮s roles, and help them learn new skills. They聮ll grow professionally Cheap Pat Elflein Jersey , and you聮ll be prepared, in case someone leaves.

Copyright ?2005 by Success Handler, LLC. All rights reserved.

The Coach, David Handler, is the founder of Success Handler Cheap Danielle Hunter Jersey , ( ), and specializes in helping small business leaders find clarity and take action. He understands the challenges of running a business, because he聮s been there ?as a small business owner, franchisee, franchisor Cheap Eric Kendricks Jersey , corporate leader and trainer. Much like sports coaches, his coaching will show you how to compete on a level playing field in your industry.




A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure method in the United States. It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July of 2007. Franchisors were given until July 1, 2008 to fulfill with the change. The Federal Trade Commission Rule of 1979 which governs discovery of essential information in the sale of franchises to the public underlies the state FDD’s and prohibits any private right of action for the violation of the mandated disclosure provisions of the FDDs. Therefore, the FDD implies that only the federal government or the state governments have the right to sue and negotiate consent decrees and rescissions with those franchisors that violate the provisions of the FTC Franchise Rule and the Franchise Disclosure Document (FDD).


Franchises are bought throughout the United States Cheap Trae Waynes Jersey , and throughout the World, as if there was very little risk included in the purchase of retail franchises that require an investment of hundreds and thousands of dollars in order to wear the brand name of the franchisor. Those who sell franchises, and with franchise disclosure document, who profit from the sale, often stand for the franchised business as being more successful than the independent small business startup but this is not true as per to the few academics that produce research statistics on franchising Cheap Laquon Treadwell Jersey , The brutal truth, however, is that the research that is available shows that ALL small retail businesses fail at a rate of 50 percent within the first five years, and only 29 percent survive as long as ten years. Why, most retail franchise agreements need that the buyer of the franchise commit to a ten year contract Cheap Ben Gedeon Jersey , and then personally guarantee the franchise, and the lease, for ten years with their personal assets, the house or the 401K, or whatever assets the franchisees may own?


The franchise disclosure document states about the franchise agreement Cheap Dalvin Cook Jersey , which is the formal sales contract between the parties at the time the indenture is formally signed. This franchise sales contract governs the long-term relationship and contains the ONLY promises and obligations of the parties to each other that will remain in upshot over the stated time term of the contracts 鈥?the terms of which generally range from five to fifteen years. The franchise disclosure document cannot be changed unless there is agreement of both parties. The probable franchisee has the right to ask for (and get) a copy of the sample franchise disclosure document once the franchisor has established the prospective franchisee鈥檚 application. Kirk Cousins Jersey Josh Rosen Jersey Josh Allen Jersey Authentic J.J. Watt Jersey James Conner Womens Jersey Derek Carr Youth Jersey Dak Prescott Youth Jersey Christian McCaffrey Youth Jersey Carson Wentz Youth Jersey Calvin Ridley Kids Jersey