Franchising Companies Need New Franchisee Checklists
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The article "Franchising Companies Need New Franchisee Checklists" is about entrepreneurialism, it has been written by Lance Winslow.
When franchise companies are moving fast in the market place they must pay attnetion to the details.
If a franchisor fails to give the required itmes as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal issues and regulatory issues. In addition even if they do provide the items on time, there is a chance later that a franchisee may claim that something was not provided and they will use that to break the franchise agreement, sue or file a complaint with regulatory bodies at the state leevl or even the FTC, Federal Trade Commission. But if you keep proper records and have checklists and monitor dtaes and deliveries you can win a law suit or force a regulatory agency to backtrack.Below is a checklist we use in our Company, The Car Wash Guys, and as it turns out it came in handy as we had a regulatory agency attack us after false declarations and complaints were made.
In fact had we not had these detailed documents and checklists in place with constant monitoring we would have been force to pay up to $800,000 in fines, as it turns out they settled out of court with us after seeing the facts. I recommend that you have a checklist in place for compliance as you cannot trust the regulators, lawyers, comeptitors or those who want something for nothing.
Please be smart and copy that outline and modify it fit your business model and then make the supporting forms and documents to cover your company from dishonest humans and lawyers.New Franchisee ChecklistDesignated TerritoryName StatementBusiness LicenseChamber of Commerce MembershipMailing Address/P.O. BoxChecking Account/Merchant AccountPagerCredit Card MachineLiability Insurance – Make initial paymentHealth Insurance – Make initial paymentTruck With Body ModificationsInitial Equipment (See Attached Form)Initial Supplies Inventory (See Attached Form)UniformsSuppliesStationaryCopy of Confidential Operations ManualComputerComputer SoftwareMicrosoft WindowsQuickBooks 5.0Proprietary SoftwarePrinterComputer Desk or Office Filing CabinetsTrainingBonzai and Blitz Marketing Mission"Lance Winslow" - Online Think Tank forum board.
If you have innovative thoughts and unqiue perspectives, come think with Lance; www.WorldThinkTank.Net/wttbbs/
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Franchising Companies Need New Franchisee Checklists
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