Tips & Traps When Buying a Franchise by Mary E. Tomzack

Cover of: Tips & Traps When Buying a Franchise | Mary E. Tomzack

Published by Mcgraw-Hill .

Written in English

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  • Franchises,
  • Small businesses & self-employed,
  • Industries - Retailing,
  • Small Business - Franchises,
  • Business / Economics / Finance,
  • Franchises (Retail trade),
  • Management,
  • Purchasing,
  • Retail trade,
  • Small business,
  • Business/Economics

Book details

The Physical Object
Number of Pages206
ID Numbers
Open LibraryOL9514847M
ISBN 100070651019
ISBN 109780070651012

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Tips and Traps When Buying a Franchise: Complete Revised and Updated Paperback – March 5, by Mary E. Tomzack (Author), Robert E. Bond (Foreword) out of 5 stars 5 ratings See all 3 formats and editions/5(5).

: Tips & Traps When Buying a Franchise (): Tomzack, Mary E.: Books Books Go Search Hello Select your address Best Sellers Customer Service New. Tips and Traps When Buying a Franchise: Complete Revised and Updated by Mary E. Tomzack () Paperback – out of 5 stars 5 ratings See all 3 formats and editions Hide other formats and editions/5(5).

No matter your background or level of experience, Tips & Traps When Buying a Business delivers proven, real-world advice on successfully finding and financing an established small business or franchise.

This think-of-everything handbook presents detailed lists of things you must do, and important warnings on avoiding mistakes Reviews: 1. Amazon: “If you have time to read only one book about franchising, make it this one. Tips & Traps is a fast read with all the information you need to make a good decision, including: How to select the best franchise for your personal finances and lifestyle, the hottest franchise opportunities to take you into the 21st century, sources of financing — why it’s never been better.

Buying a franchise gives you a proven model and a clear-cut marketing plan to bring in new customers. However, it’s up to you to define the customer experience.

Employee-customer interactions can make or break any business. Hire customer-centric staff who will go the extra mile to leave an extraordinary impression on your customers. Below is our list of the top 8 books to read if you’re thinking about buying a franchise.

Whether you have some knowledge of the franchise industry or none at all, these books can help guide you through the process of becoming a franchise owner. Questions To Ask Before You Invest In A Franchise by Dr. John P. HayesMissing: Tips & Traps. 6 Tips for Buying a Franchise. Now that we’ve made the case for buying a franchise, let’s dig into the finer details of getting started.

If you’re new to the topic, you want someone to tell you: this is how you buy a franchise. Franchise Times Guide to Selecting, Buying & Owning a Franchise Tips and Traps When Buying a Franchise: Complete Revised and Updated Recommended Books on Franchising.

Tips & Traps When Buying a Franchise by Tomzack, Mary E. and a great selection of related books, art and collectibles available now at - Tips & Traps When Buying a Franchise by Tomzack, Mary E - AbeBooks.

While buying an existing business typically involves more upfront cost, it also presents less risk than starting from scratch. Financially, you’re looking at actual profit and loss records Author: Jared Hecht. A three-step guide to buying a business Part 1: Why are you buying.

A three-step guide to buying a business Part 2: The key steps involved; A three-step guide to buying a business: Completing the purchase; 5. Do not fall into the trap of making a concession for the sake of the goodwill of the negotiation.

Buying an existing business is often safer than starting one on your own. But watch out for these red flags. Here are some ways to identify business risk before buying Author: Cliff Ennico.

ISBN: OCLC Number: Notes: Includes index. Description: pages ; 23 cm: Contents: Chapter 1 Franchising for the 21st Century 13 --Chapter 2 What Makes a Good Franchisee.

18 --Chapter 3 Choosing the Right Franchise 49 --Chapter 4 How Can I Be Sure I Won't Lose Money. 71 --Chapter 5 What the UFOC Tells You --Chapter 6 What the UFOC Doesn't Tell. Buying an existing franchise can be tricky. Here is what you need to know when you plan to buy a "used" franchise instead of a new one.

Video Webinars Start A Business Subscribe BooksAuthor: Jeff Elgin. Find helpful customer reviews and review ratings for Tips and Traps When Buying a Franchise: Complete Revised and Updated at Read honest and /5.

Tips and Traps When Buying a Franchise by Robert E Bond, MBA (Foreword by), Mary E Tomzack Be the first to review this item Franchises are today's hottest entrepreneurial opportunity - provided you know what you're doing. Shamefully, the Federal Trade Commission (FTC) investigates only a small minority of the franchise-related complaints it receives.

Limited independence. When you buy a franchise, you're not just buying the right to use the franchisor's name, you're buying its business plan as well. Most franchisors impose price, appearance, and design Missing: Tips & Traps.

Think long and hard about the types of businesses you are interested in and which are the best matches with your skills and experience.

Also consider the size of business Missing: Tips & Traps. Tips and traps when buying a franchise. New York: McGraw-Hill, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors /. Tips and Traps When Buying a Franchise by Mary E Tomzack starting at $ Tips and Traps When Buying a Franchise has 2 available editions to buy at Half Price Books Marketplace.

Tips and Traps When Buying a Franchise by Mary E Tomzack About this title: In a guide to franchising that gives novice buyers the insider savvy they need to succeed, Tomzack reveals how to find the right franchise, financing, and location, match a franchise with finances and lifestyle, avoid the five most common first-year pitfalls, buy equipment, and recruit and train employees.

15 illustrations. Here's a rundown of common pitfalls people fall into when buying a franchise, and tips that could help you avoid a listing in a future ABA casebook.

Pitfall No. Buying a franchise is usually a long term proposition so apart from considering the benefits it’s vital to also be aware of possible pitfalls. Doing your research prior to making this critical decision can help improve your chances of achieving the success you’re looking for.

Last UpdatedMay In this section, you will find comprehensive advice from a range of experts on buying a franchise resale. This includes the benefits of buying a resale versus buying a “new†franchise, how to identify if it is worth the asking price, researching a resale to find the one that’s right for you, business planning, how to obtain funding and what legal Missing: Tips & Traps.

With that, here is a list of 10 questions (in no particular order) that you should get answers to before buying the business of your dreams. Is buying a business the best decision for you right Missing: Tips & Traps.

Instead of starting from scratch, you can usually find someone with a business who wants to sell. Buying an established enterprise may be more costly, but less risky, than starting a new g: Tips & Traps.

Reasons You Should Buy a Franchise (and Reasons You Shouldn’t) It can be a wonderful, game-changing investment, but caveat emptor. By Geoff Williams, Contributor Feb.

27, How To Buy A Franchise: Collection Volume I. by Dr. John P. Hayes. Two franchise best-sellers in one collection. Questions To Ask Before You Invest In A Franchise and 7 Dirty Little Secrets of Franchising are included in How To Buy A Franchise: Collection Volume I.

Reading this book will help you know which questions to ask and, more importantly, who to g: Tips & Traps. Bond's Minority Franchise Guide by Robert E. Bond: The 50 Best Low Investment, High Profit Franchises by Robert L.

Perry: Tips & Traps When Buying a Franchise by Mary E. Tomzack (Preface) Franchise Bible: How to Buy a Franchise or Franchise Your Own Business.

"The most readable, practical and complete book that I have seen on the subject of purchasing a franchise. I strongly recommend it as must reading for anyone interested in buying a franchise for the first time." -Stephen R.

Buchenroth, former Chairman of the Franchise Committee of the Small Business Section of the American Bar Association " a first-rate guide to evaluating and selecting a Missing: Tips & Traps.

Homeowners who aren't familiar with the buying process can often benefit from a few first-time homebuyer tips. It can help to know what they're getting into. Steps in the homebuying process can vary from state to state and can depend on local custom, but there are basically only five: an agent, find a home, get a loan, negotiate, and get a home inspection.

In the second of our article series providing legal guidance for those in the fitness industry, we’re sharing more advice from Scott McKenzie from Mills Oakley. This time he’s focusing on 12 things to watch out for when buying or selling a health club. Buying an existing gym may seem like a relatively simple process; however there is a significant.

Buying a franchise is a model that is often preferred to outright business ownership. It has many advantages, not least of which is that all the branding, marketing and products are already in place. How To Sell Yourself To A Franchisor. When a franchisor sells the rights to be part of their brand, they have to be sure that they are selling to Missing: Tips & Traps.

Tips for a Successful Virtual Discovery Day as an Incoming Franchisee. by Renee Bailey May 7, | Guide to Buying a Franchise, FAQ About Franchising.

Not able to meet in person. Not a problem. Franchises have adjusted their meet-and-greets for incoming franchisees, known as. Buying a Business. Pros and Cons of Buying a Business. We discuss the advantages of buying a business.

It's a great way to get started as an entrepreneur, but it's not for everyone. So, we also discuss the disadvantages of buying a busines. Ultimately, it's up to you as to whether you decide to buy a business or start a company from g: Tips & Traps.

Buying into a franchise can be an incredible opportunity for the right kind of entrepreneur -- but if you are not careful, you could fall into one of the following traps. Buying power. Your franchise will benefit from the collective buying power of the parent company, which passes on the savings to franchisees.

Thus, inventory and supplies cost less for a franchise than for an independent company. Star power. Many well-known franchises have national brand-name recognition. Owning a franchise is similar to buying Missing: Tips & Traps. Securing your Investment.

Tips & Traps when Buying a Franchise Assessing your own compliance. In simple terms, buying a franchise is buying access to a franchisor’s intellectual property for a designated term: their trade mark, operational systems and procedures, branding, products, services, supply, training and.

The Difference Between Single Unit and Multi-Unit Franchise Owner Learn the Definition of a Franchise Agreement and the Different Types Here is a Look at the History of Franchising in the United StatesMissing: Tips & Traps. Tips & Traps When Buying A Condo, Co-op, or Townhouse (Book): Irwin, Robert: Steer clear of money pits and target the top properties in this hot investment sector!

Condos, co-ops, and townhouses account for more than one-third of real estate sales in the United States. Fully updated to address the many changes that have occurred in the market since the first edition, "Tips Traps When Buying.

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