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Entrepreneurs often don’t know what franchise ownership entails, says Robert Purvin, chairman and founder of the American Association of Franchisees and Dealers and author of The Franchise Fraud: How to Protect Yourself Before and After You Invest.
Have you seen the data around franchising? The numbers tell the best story about why now is a great time to purchase a franchise.
Last week, Hannah Kramer, published an article sharing some insights on women in franchising from an interview she did with the Chair of the International Franchise Associations (IFA) Women’s Franchise Committee,...
Like any investment, buying a franchise requires a significant amount of due diligence. Not even the best business opportunity comes with a guarantee, so an entrepreneur’s best defense is information. Andrew J. Sherman, a corporate and transactional lawyer, business school, law school professor and author of Franchising & Licensing: Two Powerful Ways to Grow Your Business in Any Economy ($29.70; AMACOM), recommended asking the following questions before cutting a check:
Black Enterprise showcases franchises within high-growth categories with either low or moderate start up costs or a high number of black-owned units due to effective diversity initiatives.
