Franchising and You

Opening a franchise requires a significant investment of capital -- including a franchise fee along with ongoing royalties and advertising costs. Not everyone has access to that kind of cash. So, if individuals need a business loan to fund that franchise investment, they might find it challenging to navigate the various options available. Joining host, Paul Segreto on this segment of Franchising & You is Geoff Seiber, President, CEO & Founder of FranFund.

Franchising & You airs every Saturday at 9:30 AM EST / 8:30 AM CST with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business. 

This week on Franchising & You, Tom Spadea, Franchise Attorney and Partner at Spadea Lignana discusses benefits and disadvantages of business partnerships. Spadea shares how to structure partnerships to help ensure a positive experience and what to do should the relationship begin to unravel.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

"Savings, security, convenience – in the end, it all adds up to peace of mind. We can guarantee that you’ll sleep sounder with a certified professional on your side. So put away the shoe box of receipts, take a couple aspirin, and call a CPA. You will thank us in the morning." - TheSelfEmployed.com

This week on Franchising & You, Sandy Shoemaker, Partner & CPA at Plante Moran provides insight into the value (and necessity) of hiring an accountant for your business whether the distribution model is a franchise or independent business and as applicable to your legal business structure - corporation, limited liability partnership, partnership or sole proprietorship. Sandy also discusses why it's important to remove the accounting tasks from a family member or former classmate, look beyond basic bookkeeping as essential to business success and understand that you can afford a CPA.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is a production of Franchise Foundry and is sponsored by FranFund, Spadea Lignana and Retail Solutions.

"The franchise business model, if leveraged properly, is amazing... and powerful. It's been called the best business model ever invented. But if you end up choosing the wrong franchise, and you blow through all your money because you didn't do the type of research needed to get all the facts, then owning 'the best business model ever invented' won't much matter." - Joel Libava, Author, The Definitive Guide to Franchise Research

This week on Franchising & You, The Franchise King, Joel Libava shares points from his recently published book, The Definitive Guide to Franchise Research. Passionate about individuals choosing the right franchise, Joel provides insight into utilizing proven research techniques to get to the heart of any franchise business opportunity. 

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

"If you arrange financing for the first unit without considering how that is going to affect your ability to get additional financing, you may find yourself without any options to fund your second and third units. With that in mind, let’s look at a few different scenarios and some possible strategies to successfully obtain the funding needed to become a multi-unit franchisee." - SCORE.org

This week on Franchising & You, Shirley Kefgen, Senior Funding Consultant at FranFund discusses the practicality, and necessity of proper preparation for funding multi-unit franchise development. Kefgen addresses common questions including why plan for funding second location when it may be twelve months in the future and if it's possible to secure funding for all locations at one time.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

Sometimes called “business coaches,” “advisors,” “referral sources” or “franchise consultants,” franchise brokers can be an invaluable asset when hacking through the franchise jungle. - The Benefits of Using a Franchise Broker, FranchiseGator.com December 2016

This week on Franchising & You, Dave Sullivan, President of Priority Franchising discusses how to effectively use a franchise broker when beginning a search for the right-fit franchise opportunity. Dave provides insight from his years' of experience as a franchise broker as to what a candidate may expect in exploring business ownership with a franchise broker.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

Before signing the Franchise Agreement it's essential to completely understand the franchise relationship along with both yours and the franchisor's responsibilities and especially for your benefit, your potential liabilities. There's no better way to do so than to ASK QUESTIONS! This is an essential part of your due diligence that will help you make an informed decision well before signing of documents and remitting the Franchise Fee.

Joining host, Paul Segreto on this segment of Franchising & You is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana Attorneys at Law.

Franchising & You airs Saturdays at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

With thousands of brands offering franchise opportunities how can social media help narrow the field?

This week on Franchising & You, Jack Monson, Chief Revenue Officer of Social Joey shares his perspective and insight on how to effectively use social media to navigate a multitude of digital touchpoints on Facebook, Twitter, LinkedIn and other social platforms as an efficient way to explore franchise opportunities. 

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

We've heard it before. 'Location! Location! Location!' What does that mean? Exactly what makes a location a good location? Is there a success formula in selecting the best location? What factors should be considered when leasing a space for a business? This week on Franchising & You, these and other questions will be answered by our guest, Sherry Sanchez, Principal at Retail Solutions.

Listen to Franchising & You every Saturday at 9:30 AM ET / 8:30 AM CT with each segment also available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.

One of the most important tasks for an individual before investing in a franchise is to review the brand's Franchise Disclosure Document, also known as the FDD. But what is it? How can it be navigated without a legal background? Many ask, Will I actually understand what I'm reading? Joining host, Paul Segreto on this segment of Franchising & You is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana Attorneys at Law.

Franchising & You airs LIVE every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.