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  • Will You Add? - The Uniform Franchise Offering Circular - What Every Franchisee Needs to Know

    Reach vs. Frequency: Touch 100 Once or 25 Four Times?
    Reach and frequency are terms generally used when planning advertising campaigns. However, the concept of reach and frequency applies to any promotional activity you undertake: direct mail, direct selling, and even networking.Reach is the number of people you touch with your marketing message or the number of people that are exposed to your message. Frequency is the number of times you touch each person with your message. In a world of unlimited resources you would obviously maximize both reach and frequency. However, since most of us live in the world of limited resources we must often make decisions to sacrifice reach for frequency or vice versa.For example, an air conditioning repair service who has decided to do a direct mail piece has to decide whether to mail the
    deral franchise law has required that franchisors provide the UFOC to prospective franchisees at least 10 days prior to the signing of the Franchise Agreement.

    Specifically, the UFOC discloses franchise information in 23 different categories. This information must be current based on the franchisor’s most recent fiscal year, and if any changes have occurred since that time, the franchisor must make the information regarding these changes available to the potential franchisee in the form of a quarterly revision. Pioneering a New Internet Industry
    Internet Video is leading the way to Internet Television. The status quo is changing in the entertainment industry. No longer will the ole boy network control such a huge potential for profits. Now, thanks to broadband Internet Access and video technology, an entirely new industry is being created. That industry is Internet Television.Innovative entrepreneurs have found ways to create and produce television for the Internet without having to overcome the obstacle usually created with traditional broadcast television. Social networking sites like the forum at www.tvnetresource.com give tvpreneurs the chance to find other creative souls to help them build the teams necessary to create a tv show and sites like www.filmsmash.com offer the platform for delivery of those shows.<

    After months of careful thought and planning, you are poised to start your own franchise business. You’ve pinpointed your interests, narrowed your industry options, and selected the company that is your perfect match. Now, just weeks away from your own “opening day,” you find yourself handed a document of intimidating size with an equally intimidating title: Uniform Franchise Offering Circular.

    What? You’re probably asking.

    Just when you thought you had done all the heavy reading the law should allow, you’re faced with still more. Unlike your own research, however, this document the law actually requires. What exactly is a Uniform Offering Circular Agreement, or, as it is more commonly called, a UFOC? As you will come to see, it is not only an extremely important document for any franchisee, but it is also a vital layer of business protection that makes franchising one of the lowest-risk entrepreneurial ventures.

    Entrepreneur.com defines a UFOC as “[a] regulatory document describing a franchise opportunity that prospective franchisees have to receive before they pay any money, sign any papers or, in some cases, even meet with the franchisor.” The document gives background franchise business information in over 20 categories regarding the selected franchise opportunity and provides a copy of the franchise agreement.

    Although hardly a household word, the UFOC has been in existence for well over 25 years but traces its impetus back even further. During the 1960s and1970s, the franchise industry found itself beset with certain unethical behaviors that were adversely affecting those involved in the industry. In 1975, the Midwest Securities Commissioners Association presented the first UFOC. According to Entrepreneur.com, this first edition “was created in response to the disparate disclosure requirements that an increasing number of states were adopting in the early 1970s.” Eventually, all state and federal regulatory authorities adopted the UFOC. In 1979, the Federal Trade Commission (FTC) adopted the UFOC, and since that year, federal franchise law has required that franchisors provide the UFOC to prospective franchisees at least 10 days prior to the signing of the Franchise Agreement.

    Specifically, the UFOC discloses franchise information in 23 different categories. This information must be current based on the franchisor’s most recent fiscal year, and if any changes have occurred since that time, the franchisor must make the information regarding these changes available to the potential franchisee in the form of a quarterly revision.

    Leaders Awake; This is Urgent and Important
    We have seen the headlines in every country from time to time. If something is not done about "A" then the country will suffer the bad consequences "B". We see and hear a strident call from government to get behind a display of leadership to take a little pain so to get a lot of gain in a few years.We have all also probably experienced it at some time in organisations we work for; the call to arms that tells us of an impending doom if we do not change our ways. And yet, nine times out of ten, it seems to me, the call is heard for a short time and then falls quiet against the soundproofing walls of organisational and individual inertia.Why is it so? Why is it that when good men and women have analysed a situation, understood the cause and effect and with no little passion and
    ow, you’re faced with still more. Unlike your own research, however, this document the law actually requires. What exactly is a Uniform Offering Circular Agreement, or, as it is more commonly called, a UFOC? As you will come to see, it is not only an extremely important document for any franchisee, but it is also a vital layer of business protection that makes franchising one of the lowest-risk entrepreneurial ventures.

    Entrepreneur.com defines a UFOC as “[a] regulatory document describing a franchise opportunity that prospective franchisees have to receive before they pay any money, sign any papers or, in some cases, even meet with the franchisor.” The document gives background franchise business information in over 20 categories regarding the selected franchise opportunity and provides a copy of the franchise agreement.

    Although hardly a household word, the UFOC has been in existence for well over 25 years but traces its impetus back even further. During the 1960s and1970s, the franchise industry found itself beset with certain unethical behaviors that were adversely affecting those involved in the industry. In 1975, the Midwest Securities Commissioners Association presented the first UFOC. According to Entrepreneur.com, this first edition “was created in response to the disparate disclosure requirements that an increasing number of states were adopting in the early 1970s.” Eventually, all state and federal regulatory authorities adopted the UFOC. In 1979, the Federal Trade Commission (FTC) adopted the UFOC, and since that year, federal franchise law has required that franchisors provide the UFOC to prospective franchisees at least 10 days prior to the signing of the Franchise Agreement.

    Specifically, the UFOC discloses franchise information in 23 different categories. This information must be current based on the franchisor’s most recent fiscal year, and if any changes have occurred since that time, the franchisor must make the information regarding these changes available to the potential franchisee in the form of a quarterly revision. 5 Creative Ways To Find A Job
    Ok, you have posted to every internet job board and every job on Monster, CareerBuilder, and HotJobs. You’ve followed up with calls and networked until you are blue in the face. Each Sunday you take the newspaper and apply for every job in your field with little to no results. Well try some unique ways to find a job.Send Half of Your Resume Find a company you want to work. Write a great cover letter on why you are a good fit, pointing to the enclosed resume. Don’t seal the envelope and don’t enclose a resume. They’ll think the resume fell out in the mail. They will call and engage in a conversation. Sell yourself shamelessly.Write A Prospecting Letter Make use of the power of direct mail. Locate 5-10companies. Write up a letter to your contact network and ask them that prospective franchisees have to receive before they pay any money, sign any papers or, in some cases, even meet with the franchisor.” The document gives background franchise business information in over 20 categories regarding the selected franchise opportunity and provides a copy of the franchise agreement.

    Although hardly a household word, the UFOC has been in existence for well over 25 years but traces its impetus back even further. During the 1960s and1970s, the franchise industry found itself beset with certain unethical behaviors that were adversely affecting those involved in the industry. In 1975, the Midwest Securities Commissioners Association presented the first UFOC. According to Entrepreneur.com, this first edition “was created in response to the disparate disclosure requirements that an increasing number of states were adopting in the early 1970s.” Eventually, all state and federal regulatory authorities adopted the UFOC. In 1979, the Federal Trade Commission (FTC) adopted the UFOC, and since that year, federal franchise law has required that franchisors provide the UFOC to prospective franchisees at least 10 days prior to the signing of the Franchise Agreement.

    Specifically, the UFOC discloses franchise information in 23 different categories. This information must be current based on the franchisor’s most recent fiscal year, and if any changes have occurred since that time, the franchisor must make the information regarding these changes available to the potential franchisee in the form of a quarterly revision. Mazu
    Mazu is a company that has been around for over 10 years. They help people make money working on-line. They are one of the few companies that I found that actually are true to there word. I myself used Mazu to start working from home. I suggest them to everyone that I know.What mazu does is they research the Internet looking for ways to make money on-line. They then test it to see if it actually will work or not, then they right a book on it, and sell it teach others how to use the program so they to can profit from it.So far mazu has showed me 3 great ways to make money on-line. First the introduced me to E-currency Exchange. With e-currency I invested $200, and I was making 1.5% to 3% a day on my money. Over the course of 5 months I was able to make a total ph certain unethical behaviors that were adversely affecting those involved in the industry. In 1975, the Midwest Securities Commissioners Association presented the first UFOC. According to Entrepreneur.com, this first edition “was created in response to the disparate disclosure requirements that an increasing number of states were adopting in the early 1970s.” Eventually, all state and federal regulatory authorities adopted the UFOC. In 1979, the Federal Trade Commission (FTC) adopted the UFOC, and since that year, federal franchise law has required that franchisors provide the UFOC to prospective franchisees at least 10 days prior to the signing of the Franchise Agreement.

    Specifically, the UFOC discloses franchise information in 23 different categories. This information must be current based on the franchisor’s most recent fiscal year, and if any changes have occurred since that time, the franchisor must make the information regarding these changes available to the potential franchisee in the form of a quarterly revision. The Seven Secrets of Great Customer Service
    Copyright 2006 Cari HausThere’s a new sub shop in town, and their service—and food—are exceptional. We live in a small town with limited options, so the first thing I did after trying this recently arrived spectacular fare was tell the next five people I saw. I wasn’t really trying to be a walking billboard, it just came naturally.That, of course, is what every thinking business person wants to have customers do for their business. What could be a more effective marketing tool than a truly excited “customer evangelist”? If you want customers to truly fall in love with your business, here are some things you can do:1. Make a CommitmentIf you don’t commit to great customer service, you can be sure it won’t happen. Devote yourself to treating your customers rderal franchise law has required that franchisors provide the UFOC to prospective franchisees at least 10 days prior to the signing of the Franchise Agreement.

    Specifically, the UFOC discloses franchise information in 23 different categories. This information must be current based on the franchisor’s most recent fiscal year, and if any changes have occurred since that time, the franchisor must make the information regarding these changes available to the potential franchisee in the form of a quarterly revision.

    The 23 categories of the UFOC are as follows:

    1. The Franchisor, Its Predecessors and Affiliates 2. Business Experience

    3. Litigation

    4. Bankruptcy

    5. Initial Franchise Fee

    6. Other Fees

    7. Initial Investment

    8. Restrictions on Sources of Products and Services

    9. Franchisee’s Obligations

    10. Financing

    11. Franchisor’s Obligations

    12. Territory

    13. Trademarks

    14. Patents, Copyrights, and Proprietary Information

    15. Obligation to Participate in the Actual Operation of the Franchise Business

    16. Restrictions on What the Franchisee May Sell

    17. Renewal, Termination, Transfer, and Dispute Resolution

    18. Public Figures

    19. Earnings Claims

    20. List of Franchise Outlets

    21. Financial Statements

    22. Contracts

    23. Receipt

    While covering numerous specific details, these 23 categories fall into several major areas, including history, fees and royalties, organizational management, any major legal issues or cases, franchise terms, and financial disclosure.

    The history section will briefly chronicle the founding of the franchise and should include information regarding who started the franchise, any date of incorporation, and how long the company has been franchising.

    Under fees and royalties should be listed in detail the initial franchise fee as well as ongoing royalty requirements. The franchisee should note, however, that the franchise fee might not include additional start-up costs such as facility rent, inventory, and equipment.

    The organizational management section will provide information regarding the executive team of the franchise. According to Entrepreneur.com, this data should allow the franchisee to obtain an idea of the professional experience of the franchise’s officers and directors as well as discover if any potential conflicts of interest exist between these individuals and the suppliers and/or vendors with whom the franch

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