The Franchise Kit
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You carefully selected your franchise. You negotiated and bought it. You made the dream of owning your own business a reality. Now what? This is the book that goes beyond the franchisor's cut-and-dried instructions to answer that question. It tells you how to bring your dream to life-- or if you're still dreaming, helps you preview the real, day-to-day world of successful franchise operations. Written by authorities who have studied and consulted with franchise operations for nearly a quarter of a century, this book helps you: Transition smoothly into your new role and lifestyle Deal effectively with legal and financial ties to the franchisor Solve the most common areas of conflict between franchisor and franchisee Handle employment, inventory control, business planning, and accountancy right from the beginning This book includes special sections on operating family-run franchises, averting employee turnover and other common problems, and protecting yourself legally.
ForewordPrefaceAcknowledgments1Behold, A New World of Business12Study Yourself and the Franchise World153Ease the Transition to Life as a Franchisee234Use Foresight to Prevent Franchise Conflicts355Understand the UFOC and Franchise Agreement556Know Your Market and Aim to Earn It697Guard Yourself and Your Franchise with the Right Lawyers838Guide Yourself with the Right Accountant959Always Have the Right Business Structure10710Know the Ways to Raise Money - for Start-Up and/or Expansion11911Don't Trust Money: Watch It13512Be Judicious in Hiring15913Have Prudent Personnel Policies17914Help Your People to Be Their Best19915Beware of These Financial Dangers21316Protect Your Franchise from Crime22717Remember That Accidents Can - and Do - Happen24318From the Start, Protect Your Family-Owned Franchise257Appendix: Franchise Rule Summary269Index277
