Shop Talk October 2024

30 09, 2024

Solo or Collectively?

2024-09-30T23:59:19-04:00September 30th, 2024|Tags: , , |

“If you want to go fast, go by yourself. If you want to go far, go with a team” is a quote from Mike Halpern a CFC (Certified Franchise Consultant) with FranServe, Inc. Mike is absolutely right. Think about the Summer Olympics in Paris. The fastest people on the planet race alone and they race fast. But they don’t go far – usually 100 meters or thereabouts. This is called a sprint. Yet, think about relays in running and swimming. It’s a sense of pace and teamwork that only one can achieve in a collective team atmosphere. By Don Clayton

(more…)

30 09, 2024

LEGAL: Is Your Business ‘Franchisable’?

2024-09-30T14:20:07-04:00September 30th, 2024|Tags: , , , |

As a franchise attorney who has launched hundreds of brands over the last decade, I get asked this question a lot by people exploring whether they want to franchise and those who have launched a brand but have struggled to get traction. There are key business attributes that make a business “franchisable”; however, the first question is more about the founder than the fundamentals of the business. Are you ready and able to be a good franchisor? By Tom Spadea

(more…)