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Early Spring 2020
The Up-Side of Tough Times... is Resilience
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Early Fall 2019
“Action” – the Real Driver of Success
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Mid Summer 2019
Time is Precious. Life is Short… If Not Now, When?
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April 2019
Risk is Relative
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March 2019
The Choice is Yours
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February 2019
Cultivating Gratitude
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January 2019
State of Franchising 2019
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December 2018
6 Simple Steps to Setting and Achieving 2019 Goals
Franchise Terms Glossary
Franchising
A method of business expansion characterized by a trademark license, payment of fees, and significant assistance and/or control.
FDD (Franchise Disclosure Document)
The format for the disclosure document which provides info about the franchisor and franchise system to the franchisee.
Franchisor
The person or company that grants the franchisee the right to do business under their trademark or trade name.
Franchise Agreement
Written contract between the franchisor and franchisee detailing each party’s obligations, requirements, limitations, etc.
Royalty
A fee paid by the franchisee to the franchisor, on a scheduled basis, usually based on a percentage of the franchisee’s gross sales.
Estimated Initial Investment
All fees and expenses a franchisee would incur in starting a franchised business. Includes fees paid to franchisor, all goods and services to be purchased from suppliers. See detailed estimate in Item 7 of FDD.
Trademark
Marks, brand name and logo owned by a franchisor, which are licensed to the franchisee.
Franchise
A license provided by franchisor to the franchisee governing the relationship and details terms of use of trademarks, fees, support and control.
Franchisee
The person or company that is granted the franchise by the franchisor to do business under the franchisor’s trademark or trade name.
Franchise Fee
A sum paid by the franchisee to the franchisor at the time the franchise agreement is signed. The fee may cover certain expenses, including but not limited to training costs, on‐site startup costs, and promotional charges.
Territory
A specific and defined geography assigned to a franchisee by the franchisor, documented in the franchise agreement.
Financial Performance Representation (FPR)
Any representation by franchisor or their sales agent to a prospective franchisee that states or suggests a specific level or range of potential or actual sales, income, gross, or net profit. If provided, this info must be provided in Item 19 of the FDD.
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