1. Franchises

2. Select a Type of Ownership

3. Steps to purchase/start a business

4. Advantages of a family business

5. Disadvantages of family business

6. Defining Elements of a Franchise

7. Before we get going The Franchisee is you The Franchisor is the actual franchise

8. The Franchising Process

9. Forms of Franchising Area Franchising Sub-franchising Conversion Franchising Combination Franchising

10. Area Franchise (What phrase do we have to know for this section?)

11. Area Franchising

12. How does it work?

13. When is it used?

14. Sub-Franchising (What phrase do we have to know for this section?)

15. Sub-franchising

16. How does it work?

17. When is it used?

18. Sub-Franchising

19. Conversion Franchising (What phrase do we have to know for this section?)

20. Franchisees Advantages to conversion franchising

21. Franchisees disadvantages to conversion franchising

22. Franchisor advantages to conversion franchising

23. Franchisor disadvantages to conversion franchising

24. Combination franchising

26. Advantage to combination franchising

27. Disadvantage to combination franchising

28. Test on first section

29. So, how do I get started with a franchise?

30. What is it called when you need money to start a business?

31. Selecting the Franchisor

32. How do I know if the franchise I’m interested in is a good one? Evaluating a franchise

33. Negotiating a Franchise

34. What documents should I pay close attention to (remember if you have questions ask someone on your team to explain)

36. At the negotiating table

37. The Franchise Program and what it covers

38. The Support Service Package

39. The Operations Manual &Content of the Operations Manual

40. Training

41. Controls, Systems and Procedures

43. Marketing and Advertising

44. What are advertising fees?

45. Finance

46. The Franchise Agreement Check out the clip in the video’s folder about understanding the franchise agreement!

47. What does this agreement include?

48. The Franchise System

49. The Territory for which a Franchise is Valid

50. Rights and Obligations of the Parties

51. Duration of the Franchise

52. Payments by the Franchisee to the Franchisor (4 factors)

54. What are royalty fees?

55. The Right to Transfer the Franchise

56. The Franchisees interest