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Author: Susan

Person signing documentArticle
Buying a Franchise . Franchise Systems

Important Considerations
in Buying a Franchise

On August 27, 2021 by Susan

I review a lot of franchise disclosure documents (FDDs) for prospective franchisees in various franchise systems. Because I have also drafted FDDs for various franchise systems, I can advise prospective franchisees what is typical in a franchise agreement. It’s important for prospective franchisees to understand that certain provisions go to the heart of the franchise […]

six reason franchisees failArticle
Franchising . Why Franchisees Fail

Top Six Reasons why Franchisees Fail

On July 15, 2021 by Susan

Failure to select a franchise system that will succeed. (See “Top 10 Reasons why Franchise Systems Fail” blog) Failure to do their due diligence with respect to the franchise system and the franchisor’s management. Has the franchisor fully developed the franchise system or does it have a “to be developed” training program or operating manual? […]

Top 10 Reasons why Franchise Systems FailArticle
Franchise Systems

Top 10 Reasons why Franchise Systems Fail

On July 8, 2021 by Susan

Failure to have a concept that works or is unique, special or cannot be copied by others. What is the “secret sauce?” Are there any patented products? Is there any proprietary information? Can anyone replicate the business or are there significant barriers to entry? Failure to have a concept that can be copied by others. […]

how to avoid lititgationArticle
Avoiding Litigation

How to Avoid Litigation

On July 1, 2021 by Susan

“The first thing we do, let’s kill all the lawyers.” Shakespeare, Henvy VI Meeting new people at a cocktail party and telling them that I’m a lawyer frequently generates a scowl. The experience that most people have had with lawyers is in connection with their divorce or a lawsuit. In either case, it was rarely […]

baby boomer transitionArticle
Selling your business

Baby Boomer Transitions – Selling Your Business

On June 25, 2021 by Susan

As a baby boomer, you may be at the point that you are considering the next phase of your life. The media repeatedly report that baby boomers are redefining aging and retirement. That is not surprising. Baby boomers have redefined virtually every stage and aspect of American life throughout the years. Swimming in uncharted waters […]

franchising your businessArticle
Franchising

Thinking about Franchising Your Business?

On June 18, 2021 by Susan

As a successful business owner, you probably get approached frequently by people asking you if they can operate a business like yours “back home.” You are probably flattered by the attention and consider how you can help them go into business, for a fee, of course. What you are probably thinking about is called “franchising.” […]

franchising 101Article
Franchising

Franchising 101

On June 11, 2021 by Susan

What is a Franchise? What do I have to do to Comply with the Franchise Laws? Why Should I Comply with the Franchise Laws?   What is a franchise? Clients often tell their attorneys “I’m only going to do a license.  I don’t want to do a franchise.”  Although a client may believe what he […]

Susan E. Wells

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Blog

  • Important Considerations
    in Buying a Franchise
    August 27, 2021
  • Top Six Reasons why Franchisees Fail July 15, 2021
  • Top 10 Reasons why Franchise Systems Fail July 8, 2021
  • How to Avoid Litigation July 1, 2021
  • Baby Boomer Transitions – Selling Your Business June 25, 2021

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