Spadea Lignana

30 11, 2022

Legal: FDD Hero

2022-11-30T15:03:04-05:00November 30th, 2022|Tags: , , , , |

It’s that time again, when most franchisors start to think about updating their Franchise Disclosure Document (FDD) for next year. Around the time this article gets published in early December, if you are a franchisor client of ours, you should be receiving your first “FDD Renewal Reminder” email. By Tom Spadea

(more…)

30 10, 2022

The Delegation Dilemma: When to Let Go

2022-10-30T17:22:38-04:00October 30th, 2022|Tags: , , |

For many of our clients, especially founders who have built their original business from the ground up, delegating decisions and authority is a constant struggle. It’s understandable, as the founders have historical and intimate knowledge of the brand and want to continue to shape and mold it as it grows. By  Tom Spadea

(more…)

30 07, 2022

Legal: What Business Are You In?

2022-07-30T20:46:50-04:00July 30th, 2022|Tags: , , , |

Seems like a simple enough question. However, I think many franchisors forget they are in two businesses. One is the underlying subject-matter expert on the service provided to consumers, such as a restaurant, gym, roofing, and so on. But the second, and increasingly more important as your system grows, is the business of franchising. By Tom Spadea

(more…)

28 06, 2022

Legal: Early-Stage Equity Investors

2022-06-30T07:46:43-04:00June 28th, 2022|Tags: , , |

Many of our early-stage emerging franchisor clients have been getting calls from private equity groups looking to make an investment. The reaction ranges from skeptical: “What would private equity want with me?” to irrational exuberance. A middle approach is warranted. The key is to understand the rationale of the caller. By  Tom Spadea

(more…)

30 03, 2022

Legal: When Should You Start Your Brand Fund?

2022-03-30T14:59:08-04:00March 30th, 2022|Tags: , , , , |

As the old saying goes, the best time to plant a tree was 20 years ago. The next best time is today. Many emerging and startup franchisors hold off on collecting their brand fund fees because they don’t have a plan for the money, and they are still getting used to being franchisors. By Tom Spadea

(more…)

30 09, 2021

Monetize Your Losses

2021-09-30T19:48:44-04:00September 30th, 2021|Tags: , , , , , |

It is so tempting for a franchisor to only tout what they do well, the good decisions they have made, and the incredible systems they have built. Although it may sound counterintuitive, a big part of the value of experienced brands comes from all the things they didn’t do well over the years. By Tom Spadea

(more…)