WANT TO BUY A FRANCHISE?

Is Franchising right for you?  How do you pick the right business?  How do you get started, raise capital, find a location, and hire the right people?  You will receive the answers to these questions, and many others, from outstanding franchise experts and professionals while attending the Franchise Center Educational Seminar.

This is a 2½ day program held from September 6 - 8 at the Fifth Season's Inn in Amarillo.  Tuition is $500 per participant, and includes 14 intensive sessions, three luncheons, and all course materials.  Register by August 24th to receive a $50 discount.  Please note:  this program is open to the public and will be given in English.

Franchising Seminar Sessions

• The Truth About Franchising

• Legal Structures & Business Plans

• Management, Training, & Communication

• Personnel Labor Law

• You've Got the Money - How to Keep Track of It

• Where's the Money?

• Franchising - Is It Right for You?

• Franchise Operations Support

• Your Brand is Your Future

• Keeping It Legal - Franchising Law

• Risk Management

• Site Selection

• Becoming a Franchisor

• Hot Topics

for Women and Minority Business Owners

August 9, 2007

Minority and women business owners can receive additional business opportunities through the State of Texas Historically Underutilized Businesses (HUB) certification program.  More exposure to contracts also is available by subscribing to the Centralized Master Bidders List.

To learn more about both of these valued programs, plan to attend the 2nd Annual West Texas Business Connections Forum for women and Minority business Owners.  The program will begin at 5:30 pm with a light supper followed by a program at 6:00 pm.  The cost is $5.00 per participant.  To Register, call Potter County Extension at (806) 373-0713.

1.     Product/trade name

2.     Business format

When a franchiser owns the right to the name or trademark and sells that right to a franchisee, it is known as product/trade name franchising. The more complex form, business format franchising, involves a broader ongoing relationship between the two parties. Business format franchises often provide a full range of services, including site selection, training, product supply, marketing plans, and even assistance in obtaining financing.
 

There are more than 3,000 franchised businesses.  The challenge is to decide on one that both interests you and is a good investment.  Many franchising experts suggest that you comparison shop by looking at multiple franchise opportunities before deciding on the one that is right for you.

Some of the things you should look at when  evaluating a franchise:  do they have a history of profitability, effective financial management, a good image, integrity and commitment, and a successful industry?

If you are concerned about the risk involved in a new, independent business venture, then franchising might be the best business option for you. 

For a list of SBA franchise programs