Do-It-Yourself Franchise Documents
What is happening in franchising? Franchising is booming. Synergy Home Care, Home Helpers, AAMCO, PlayNTrade, ChemDry, The Entrepreneur’s Source, Zoo Health Club, Proenergy, and Doctor’s Express are but a few of the top 25. But with times being recessionary, some businesses have had a rough time, while others have prospered. This has of course produced layoffs with many companies downsizing. The pink slip has become all too common. Executives and middle management see pink slips in their dreams, the baby without milk and mom in tears.
Many executives and middle management would never venture into business ownership without the push of unfortunate times. It is a little known fact that the Great Depression saw a flurry of business start-ups, which made many a millionaire in the midst of some of this nation’s hardest time. Crane & Co., Kellogg’s, Miracle Whip, Hewlett-Packard Development Company LP, Chevrolet, and Camel cigarettes are but a few.
Many unemployed management professionals are now exploring the job market, and will find, as past generations did, that the only job available is one you make for yourself. Unfortunately many executives are good managers but not entrepreneurs. They lack the vision and guts it takes to go it alone and start something from scratch.
Hence the franchisee is born! He has leadership, job experience, people skills, and probably even sales experience. Most of all he is comfortable with structured rules and doing things by the manual. Entrepreneurs on the other hand are lousy rule keepers and detest following the manual. This is an important distinction to remember when interviewing franchisee prospects. You want the franchisee to follow the rules of the Operations Manual, not be so head strong as to want to reinvent everything.
It might also be mentioned that executives and middle management, having worked for industry for some time, will most likely have retirement funds and home equity lines which can be tapped for the franchise purchase. This is a great advantage, in that financing is always difficult for the start-up franchisor to arrange for his franchisees, although in recent years such companies as GE Credit have come on the scene.
In one of my previous books I list the many different ways to find capital, but the best are usually right under your and your franchisee’s nose. Forget venture capital. I think if I hear that one more time (I worked as a business start-up consultant for years) I will puke. I saw a study the other day detailing how many venture capital loans were made within the USA during a particular year, it was unbelievably low. Fact is, I do not know of any save a few who have ever been so fortunate. The tried and true methods always work. Encourage the reluctant franchise prospect to ask a family member for the money. He is much more likely to get it from a family member than from venture capitalists, bankers, or the SBA.
When a franchisee approaches a bank for a loan the old saying will be true, if you don’t need the money they will loan it to you, if you need the money forget it! Should you want a thorough discussion about loans and finding money I would suggest reading some of the other books available upon our website. Otherwise, tell your franchisee to dip into his retirement or home equity.
Monies in a retirement fund can be used to purchase franchises without penalty. This is due to the newer ERISA laws which, can be manipulated to retrieve monies without penalty to purchase a franchise. It requires a very complex set of forms which I have sold for some time, but requires the franchisor or franchisee to be knowledgeable of simplified profit sharing plans. This is one of the major secrets of the larger franchisors; the large franchisors assist the prospective franchisee in getting his funding through the creation of a self-funded profit sharing plan. It really is a good trick!
Franchise Document Kit 
Master Franchise Agreement, Area Development Agreement, and Mini-Store Agreement Included in Kit
Our kit includes a
Franchise Disclosure Document and Franchise Operations Manual which are needed to franchise a business. No Attorney Needed, you can Do-It-Yourself – Save Thousands
$299.00
Franchise Documents
