Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
ChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ess that use neither equity nor debt financing.Those methods include licensing your product or franchising your operation. I he manner in which to engage in these activities is beyond the scope of this book, but some background is useful as you plan for the future.LicensingSome businesses develop a Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 proprietary product, but do not necessarily want to pursue manufacturing and distribution for that product. In that case, your company may wish to purEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
sue a licensing opportunity for the product. In the licensing scenario, you or your company would grant a license to the licensee for a period of yearChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 en you license your intellectual property’, you do not transfer your ownership rights, just the rights to commercially exploit the property.Once you grant a license, you are giving up some degree of control over your property and how it will be brought to market. You should perform due diligence on Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 the prospective licensee to determine their financial history and success in bringing products to market. Licensing can get your product to market quiEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
cker, but that must be balanced against your loss of quality control and dependence on the skills of third parties.Licensing agreements can be draftedChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 pecific geographical territory or only apply to one ol the several applications of the product. This cautionary approach is particularly applicable in the case of merchandise and character licensing, in which the license is granted to a manufacturer of consumer goods for using a recognized trademark Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 or copyright, for example, in the merchandising of the Disney characters. Care must be taken in drafting license agreements that closely resemble fraEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
nchises because you may be dealing with a hidden franchise that can lead to many legal headaches.Technology licenses typically join the invenlor/liccnChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ay transfer theLicensing arM <,. Xintellectual property rights with the understanding that the rights can come back or revert to the licensor if the licensee fails to meet its obligations and objectives set forth in the agreement.License to Success: Licensing is ultimately a way to finance your prod Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 uct to market without having to raise your own capital. Many successful companies have used licensing as their entire revenue model, and have never maEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
nufactured or distributed products on their own.FranchisingFranchising is a well-known means of expanding your business while transferring operationalChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 s a proprietary delivery system for its product or service, and develops a training program for its prospective franchisees. The franchisor generates income by the payment of franchise fees and an ongoing royalty.Most companies should not undertake a franchise strategy until the business system is f Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ully established and successfully operating in at least one location.The Federal Trade Commission (FTC) defines a franchise using three components: (1Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
) the franchisee’s goods and services are offered and sold under the franchisor's trademarks; (2) the franchisee is required to make a minimum paymentChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 f operation. The states have variations on the defi-120 Financing Your Small Businessnition of a franchise, and you must comply with the laws of each state where you are selling franchises.From a legal standpoint, the franchisor, through counsel, prepares a franchise disclosure document and franchis Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 e agreement, rhe franchise disclosure document, known as the Uniform Franchise offering Ciradar (UFOC), is similar to a PPM. You can obtain a copy ofEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
the UFOC and other information pertaining to franchise registration from the North American Seamties Administrators Association website at www.nasaa.oChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ial statements of the franchisor, so it is best to organize your accounting systems from the Start to be ready for the eventual audit.Unlike licensing, franchises are regulated by the states to varying degrees and by the FTC at the federal level. The FTC prescribes certain minimum disclosure standar Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ds and the states may require differing amounts of additional disclosures. At present, fifteen states regulate the offer and sale of franchises. In thEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
ose states, the franchise must be cleared by the state before offers or sales can be made. Once your franchise is launched, there are ongoing state coChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ultiple territories or whole states are granted to certain franchisee's subject to certain performance standards, such as opening a certain number of units per year. International franchise operations are another way to expand a domestic franchise network.Franchisors may charge an up-front franchise Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 lee in addition to a royalty payment, and perhaps a cooperative advertising fee as well. The entire process of designing and marketing a viable francEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
hise and properly documenting its legal requirements is a substantial undertaking. There are companies, such as ww5v.ifranchisc.com, that provide consChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 lso visit the website of the International Franchise Association at www.franchise.org.Licensing AA A. ASBA Opportunities: The SBA is a financing1source for prospective franchise owners if the franchises'system meets the SBA Eligibility Guidelines.Business OpportunitiesBusiness opportunities are a cl Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ose cousin to franchising and multilevel marketing (MLM) opportunities. A business opportunity typically involves the sale or lease of products or serEbook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2
vices to a purchaser to enable that person to start a business. Picture a vending machine business. The seller may provide assistance in identifying lChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busine Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 derive more income from the business than was paid for it, and require the payment of a sum of money by the purchaser, usually under $500.Nineteen states have business opportunity laws that generally require the seller to file a registration statement and a disclosure document similar to UFOC for f Ebook Financing your small business: from SBA loans and credit cards to common stock and partnership interests - Part 2 ranchises. Some states require a bond be posted.https://khothuvlen.comChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busineChapterLicensing and Franchisingậ Licensingậ Franchisingậ Business Opportunities118 Financing Your Small BusinessThere are ways of growing your busineGọi ngay
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