Author Archive

Business Executive to Franchisee

Posted by pdeering on October 13th, 2010 under Success Stories Tags: , , , , ,  •  No Comments

Ron McCaslin found success in the housing industry, most recently as President of Jim Walters Homes.  Now it is his turn to build his own business.  Ron, and wife Dona, wanted something innovative and exciting.  SpeedPro Imaging Franchise was the perfect match!  His ‘super studio’ is located in Oldsmar, Florida and serves all of Pinellas [...]

Why Is Now a Good Time to Open a Business in Tampa Bay?

Posted by pdeering on October 4th, 2010 under Business Ownership, Franchises Tags: , , , ,  •  1 Comment

During a recent seminar one of the attendees mentioned that this was not a good time in the Tampa area to start a business because of the economy.  This opened a good discussion about the economy and small business in general.  In our fragile economy in on the west coast of Florida, this could be [...]

Career Change with a franchise: From IT Director to Business Owner

Posted by pdeering on October 1st, 2010 under Business Ownership, Franchises Tags: , , , , , , , ,  •  3 Comments

Charles Crosdale is the proud owner of the AdvantaClean franchise in Clearwater, Florida.  Moving from Director of IT to franchise business owner, he now has the flexibility he was seeking and more importantly, he now has a business that helps people in their time of need.  Crosdale and AdvantaClean – the perfect match!  Thank you [...]

Start a business: Tampa, FL couple start Max Muscle Franchise

Posted by pdeering on September 16th, 2010 under Success Stories Tags: , , , , , , ,  •  3 Comments

Fred and Cynthia Pressley are the proud owners of a Max Muscle Franchise in Tampa, Florida.  This dynamic couple, Fred an attorney, and Cynthia a fitness expert, were looking for a way to secure their futures not only as professionals in their chosen careers, but as business owners.   They worked with FranNet to get matched ot [...]

HOW DOES A FRANCHISOR MAKE MONEY? Royalties and Other Fees

Posted by pdeering on September 8th, 2010 under Franchises Tags: , , , , , ,  •  7 Comments

While there are many points of differentiation between an independent business and a franchise business, the fees associated with being part of a franchise system seem to be the most salient. The two most often talked about are the franchise fee and royalties.  THE FRANCHISE FEE One-Time Flat Fee The franchise fee is a one-time [...]

Developing an Exit Strategy for Your Franchise Business

Posted by pdeering on August 25th, 2010 under Franchises Tags: , , , , ,  •  4 Comments

It sounds a little strange, but one of the first things to consider when starting a business is how to exit that business. In fact, a franchisor will want to know your plans for leaving the business before you even sign on the dotted line, to ensure that your plans for the future are in [...]

The Difference between Franchising and Multi-Level Marketing

Posted by pdeering on August 11th, 2010 under Franchises Tags: , , , , , , , , , , , ,  •  2 Comments

Many times, I meet people who confuse these two very different concepts.  If you are looking for a business, it is important to know the difference and to weigh your options carefully before choosing. Multi-Level Marketing: a unique compensation structure Multi-Level Marketing (MLM) refers to how you are compensated for the product/service you are representing. [...]

How to Select a Franchise Attorney

Posted by pdeering on July 21st, 2010 under Franchises Tags: , , , , , , ,  •  6 Comments

After you have narrowed your search for a franchise business to THE ONE that best fits your personal and professional goals and financial resources, it’s time to engage the services of a qualified franchise attorney to review the associated Franchise Disclosure Document (FDD) and the franchise agreement contained therein. While you might be tempted to [...]

Moving from Employee to Franchisee

Posted by pdeering on July 12th, 2010 under Business Ownership, Franchises Tags: , , , , , , , , , , ,  •  1 Comment

How many of you have spent your career advancing to the Executive Suite, only to find out it was not what you really wanted?  Or, perhaps the company to which you devoted the majority of your career was sold, merged…or just decided they did not need your position anymore?   That happened to me. I got [...]

Buying a Franchise in Tampa Bay – First Steps

Posted by pdeering on July 7th, 2010 under Franchises Tags: , , , , , , , , ,  •  No Comments

Part III -   The Financial Match The final segment of this three part series, Buying a Franchise in Tampa Bay, will help you assess how to find a franchise that matches your current financial situation.   The first thing you need to know is that franchises come in all price ranges and many are scalable, [...]