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5 Franchise Tips If you are thinking about purchasing a franchise, keep the following 5 tips in mind. View
What is an FDD? A franchisor will send you the company’s Franchise Disclosure Document (FDD) once you have filled out an application and indicated serious interest in the franchise. The FDD very clearly defines what the franchisor will do for you and what s/he expects of you. There are 23 important parts... View
Selecting the Right Franchise In Part 1, you checked out your franchise options and decided to purchase a franchise. You have decided which one of the 75 franchising industries is right for you and have narrowed it down to maybe three or four different companies. The big decision now is to select the one franchise... View
Growing the Franchise You, the franchisee, have supported this system with your royalties and initial purchase price and it now will be one of your biggest assets as you decide to grow your business. View
Opening Day Balance Sheet A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day. View
Balance Sheet Projection Projecting your balance sheet can be quite a complex accounting problem, but that does not mean you need to be a professional accountant to do it or to benefit from the exercise. The desired result is not a perfect forecast, but rather a thoughtful plan detailing what additional resources will be... View
Business Plan Template - Startup Business This business plan template is a generic model suitable for all types of startups. However, you should modify it to suit your particular circumstances. View
1-Year Profit and Loss Projection Use this Excel worksheet to to calculate the projected profit and loss of your business for the next year. View
3-Year Profit and Loss Projection This template can be used to calculate the projected profit of 3 years.  View
1-Year Sales Forecast Template Forecasting sales of your product or service is the starting point for the financial projections. The sales forecast is the key to the whole financial plan, so it is important to use realistic estimates. View