Have you ever wondered exactly what a Franchise is? We dig deep in to the difference between a license agreement in a business and a franchise in this episode with our guest, Andrew Sherman. We also talk about employee engagement and disengagement. Great episode FULL of business information.
Andrew J. Sherman of Brown Rudnick is a partner in the Firm’s Corporate Practice Group and co-practice group leader of the Emerging Growth Companies & Venture Capital Group. A recognized authority on the legal and strategic aspects of business growth, Andrew’s practice is concentrated on domestic and international franchising, mergers and acquisitions, and corporate counseling.
Andrew has written nearly 30 books on the legal and strategic aspects of business growth, franchising, capital formation, and the leveraging of intellectual property, most of which can be found on Amazon. He also has published many articles on similar topics and is a frequent keynote speaker at business conferences, seminars, and webinars.
Main Topics:
02:13 What is a UFOC, now a FDD?
03:52 If you have these 3 legs of the stool, you have a franchisee!
06:20 Are you licensing a concept or franchising a concept?
09:26 Where does a business cross the line into Franchising?
16:23 The biggest challenges & what can we do better
19:09 Percentage of Employee Engagement by a Gallop study
23:11 What Leaders of Franchisors need to actively include in their strategic planning meetings!
25:05 What is the foundation of the disengagement & what do people need?
28:00 Tolerate is a very dangerous word
29:55 What was the goal of today?
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What is Start With A Win?
Every day you have a choice. You can wake up and choose to give in to mediocrity and complacency, you can choose bad habits and poor choices, and you can do the bare minimum to get by and fly under the radar. Or you can choose to make today the day that sets you apart from the crowd, you can choose to start doing the right things, the things that will set you up for success. You can choose to create a life that is worth living, worth waking up to, and worth sharing with the world around you. Today You can choose to start with a win.