/Joel Libava

About Joel Libava

The Franchise King®, Joel Libava, provides straightforward advice for today’s would-be franchise business owners, through his books and his guaranteed 1-on-1 franchise ownership advisory services.

The Most Exciting 350 Page Document You’ll Ever Read

Please enjoy this guest post from The Franchise King®, Joel Libava.
899_4492261I’m sorry. The sarcastic part of my brain took total control of me when I wrote the headline you just read. It won’t happen again. Right.

The document I’m about to teach you about is actually one of the most boring documents ever invented. But, it’s so darn important.

The Document

The Franchise Disclosure Document (FDD) is a legal document that franchisors must furnish to prospective franchisees, by law. The Federal Trade Commission (FTC) is the regulatory body that enforces it. That makes it kind of a big deal.

The FDD contains information…facts and figures on the franchise business opportunity, and is provided to help you analyze the offering.

You, as a prospective owner of a franchise, must receive the FDD at least 14 days before you are asked to sign any contract or pay any money to the franchisor or an affiliate of the franchisor. You have the right to ask for and get a copy of the disclosure document once the franchisor has received your application and agreed to consider it. Continue reading “The Most Exciting 350 Page Document You’ll Ever Read” »

By | June 2nd, 2015|Business Franchise|0 Comments

Is The Changing Job Market Compelling You To Think About Starting A Business?

917_4017293Are you seriously thinking of becoming your own boss this year?

Is starting a business something that you’ve been thinking about…but haven’t pursued?

Finally, why are you considering business ownership now?

A Changing Job Market

As of late, unemployment numbers have been improved. Less people are unemployed today than they were a couple of years ago. That’s the good news.

The bad news is that more people than ever have completely given up on their job searches. That “bad” news means that more people are considering career alternatives. People that have been downsized…let go by their employers, are becoming more open to the idea of entrepreneurship or self-employment.

Here’s what my friend, Steve Strauss, who owns TheSelfEmployed.com, wrote:

What do you do if you have been out of work for 99 weeks, your unemployment is running out and you have no prospects? What do you do if you are 30-something, have two kids at home, and the thought of not having a flexible schedule bums you out? What do you do if you don’t like working for someone else and long to do be your own boss? You join the ranks of the self-employed, that’s what.” Continue reading “Is The Changing Job Market Compelling You To Think About Starting A Business?” »

By | May 5th, 2015|Business Franchise|0 Comments

The Two Most Important Words In Franchising

35_2513660Forget the “hottest” franchises.

Ignore suggestions from franchise brokers on which franchises are “a possible fit” for you.

Take articles that rank franchises from 1-100 with a grain of salt. Consider them to be “light reading.”

Forget what you’ve learned about franchising up to now. Empty your mind. Clean your slate. I’m about to teach you about the two most important words in franchising. Ready?

What Franchising Is Really About

If you’re thinking about buying a franchise it’s important for you to truly understand what franchising is really about. Continue reading “The Two Most Important Words In Franchising” »

By | February 24th, 2015|Business Franchise|0 Comments