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5 Franchise TipsIf you are thinking about purchasing a franchise, keep the following 5 tips in mind.
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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 to... |
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Should I Buy a Franchise?When most of us think about franchises, we are referring to the business-based franchise like the top 500 franchises published in Entrepreneur magazine each year. Entrepreneur’s 75 different categories range from automotive to services, but they all have one thing in common—a systematic... |
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Selecting the Right FranchiseIn 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... |
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Growing the FranchiseYou, 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.
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Basic Bookkeeping Tips
For many small businesses, the most common bookkeeping errors are also the easiest to fix. Use these six tips to help keep your business on sound financial footing.
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5 Tips to Creatively Search For Funding5 Tips to Creatively Search For Funding
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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.
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12-Month Cash Flow Projection
This is a template for a 12 month cash flow in Excel.
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Balance Sheet ProjectionProjecting 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... |
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