Posts Tagged ‘due diligence’

Throughout the course of the past few months, we at FranNet set out to provide some excellent topics for our blogs designed to speak directly to those considering a possible future as a small business or franchise owner. We’ve covered some vital subjects such as the three ways to own a business and touched upon [...]

With over 3,000 choices of franchise concepts in the marketplace today, your options for owning your own business are limitless. But not all franchises are created equally. So, how will you be able to gain the necessary piece of mind that the opportunity you intend to pursue is legitimate? Say hello to the Franchise Disclosure [...]

When you investigate franchises that interest you, you may be invited to a visit with the franchisor, typically called a “Discovery Day.” It used to be that the only way you learned about a franchise was to visit the corporate offices, but today you can get online and watch videos, read articles, and connect with [...]

You know you want to be a small business owner but you don’t know what small business you want to own. This is why we have franchises and franchising consultants like FranNet to help you figure this out. Buying into a franchise is like walking a tightrope with a net and a safety harness – [...]

Even though you now (hopefully!) have a strong sense of the entrepreneur you’re capable of being, it can be tough to finally choose the business you want to launch. To help you along, we’re shortly going to investigate current and future business trends – ideas that are really making a splash. That, along with your [...]

Not everyone has experience managing others on their resumes. That doesn’t matter. Of course, the more relevant experience you have directing a business and its employees, the better; being an effective manager is an essential part of owning a business. However, that expertise doesn’t necessarily have to come from actual work experience. Let’s say you [...]

In our last post, we talked about what types of factors you should consider when selecting a business to go into. In today’s post we cover the top business trends of today according to J. Wang and K. Ohngren at www.entrpreneur.com. Top Ten Current Business Trends: Generation Y. Today’s youth have more purchasing power than [...]

Now that you have an idea (or three!) swirling in your head, it’s time to narrow it down. Sure, you can eventually have more than one business, but for obvious reasons it’s best to focus your efforts on one at a time. It’s time to think seriously about how your new business concept will be [...]

This is the first post in a five part series that covers the five questions you must ask when going into business for yourself. Each of these five questions need to be addressed and adequately answered during your due diligence process. The 5 questions are: So what exactly am I selling? Who’s lining up to [...]

The current financial downturn has created, in unprecedented numbers, an abundance of newly unemployed people here in Richmond. Most of these people have had very successful careers in the past and fortunately, many were smart enough to have put away sizable savings over the years. However, as months pass, many are recognizing that the job [...]