Researching a Resale Franchise: How to Buy an Existing Franchise

By Rick Bisio

Buying an existing franchise will give you a solid franchise education! Here is a primer on how to go about studying an existing franchise:

1. Be discreet. Most sellers will not broadcast that the business is for sale. This is advantageous for you, and for the seller. Selling a business needs time, and it is in everyones best interest that employees and clients dont spend time worrying about what ifs.

2. Study the franchisor. Do this precisely as you would if you were interested in buying a new franchise. Do this first - before spending time looking into the existing franchise unit. Recall, you will be signing a multi-year agreement with the franchisor, not the seller. You want to like the business and trust that you and the franchisor will work well together. See chapters 10-12 of the franchise book The Educated Franchisee for particular steps to take in assessing the franchise opportunity.

3. Meet the Owner. Once you are satisfied that the franchise conforms to your skill set and can fulfill your financial and lifestyle needs, make an appointment with the owner of the franchise unit you are looking at. You will want to collect a lot of franchise information, including why s/he wants to sell, and youll want to study the history of the franchises financial performance. The seller should supply balance sheets, income statements, tax returns and other financial statements. Check them with the franchisor to determine how they match up with other franchisees figures. Hire an accountant knowledgeable with this type of business who will look over the figures as well. This information will be decisive to your decision and will obviously be a crucial factor in arriving at the price you will offer.

4. Call Other Franchisees. It is unlikely the selling franchise owner will tell you the downsides of the business. You will have to do your due diligence to determine if there are internal or external problems that make the business unsuitable. Talk to other franchisees to get a feeling regarding their level of success and then apply what you have learned to the local franchise you are considering purchasing.

5. Explore External Changes. You might also want to pay a visit to Town Hall and inquire if any large projects are slated for the area where the franchise is placed. These types of projects can be positive or negative. You want to recognize what is happening in the area where the business will be and be at ease that any changes that may take place.

6. Find out About the Employees. If you are pleased with the answers you get to the above queries, move on to questions about employees. What are their salaries? What hours do they work? Are they skilled? Are they likely to stay on? Are there any employment contracts or understandings, salary disputes, etc. outstanding?

7. Analyze the Physical Plant. If things are going well, investigate about location and equipment, which will further help you put a value on the business. You need to know the status and terms of the lease, the disposition and availability of the landlord, and the value, age and condition of all equipment and vehicles.

To guarantee purchasing an existing franchise will be successful, you must do your research. Make certain you like the business model and the franchise management team. Make certain youll like what youll do each day. Understand the financials. Use experts to help you in your evaluation. Dig deep for information within the company and within the community. And remember that purchasing a business is a negotiation. Make certain the price is fair and that you own the skills to make the business a great success.

About the Author:

Rick Bisio is the author of the acclaimed franchise book, The Educated Franchisee; this book is an extension of the work that Mr. Bisio does every day in his franchise consulting business. Rick shares his experiences and advice about owning a business and franchising in his monthly newsletter; go to The Educated Franchisee to subscribe.

Rear Naked Choke - Jiu Jitsu

By Bobbie McKee

Jiu Jitsu has many techniques. These techniques are used to defeat opponents, regardless of size and strength. Even small individuals can use their opponent's momentum and strength to their advantage to win. One of the many Jiu Jitsu techniques is the rear naked choke.

When you enroll in the Jiu Jitsu classes, you will learn the various techniques gradually. You will start with the basics and as you become a better player, you can already learn the more advanced techniques. The BJJ techniques can now be learned in a variety of very convenient way - through online resources and other materials like DVDs and CDs. However, these resources are recommended if you already know the basics of Jiu Jitsu.

For the beginners, it would be best to learn from Jiu Jitsu clubs or classes in your area. The rates are quite reasonable and the trainings are held after school or office hours and some on weekends. If you want, you can enroll or sign up now for Jiu Jitsu classes so that you can learn the rear naked choke technique.

You can apply this technique from the back of your opponent. Other forms of martial art also use this technique. You can use either of your arms in executing this technique. The technique derived its name from naked strangle or 'Hadaka Jime'. In order to learn the strangulation technique, you don't need any training uniform because this is the most common and the safest technique taught in Jiu Jitsu and Judo. Rear naked choke is also called 'shoulder on shoulder' technique.

Jiu Jitsu is a combination of martial arts and grappling. Among the fundamental choking techniques, RNC is the one of the best. In Jiu Jitsu, choking an opponent from the rear mount can be very effective when executed properly. When you've already locked your opponent, it is very easy to perform RNC. If you can perform RNC the right way, you will be capable of making your opponent unconscious. By using any of your arms, try to entangle your opponent's neck.

Make sure that windpipe of your opponent is at your elbow curve. Place your other hand behind the head. Bring together your elbows with pressure. By doing so, the attack will have a huge impact on the arteries of your opponent. The RNC is also called blood choke and if you can do this correctly, you can win any game or you can overcome any attacker.

The Jiu Jitsu teacher will show you how the technique is done so there is no need to worry. If you can't understand the written instructions, try to focus on the real action. Study how your teacher executes the move or technique; you must be very observant and you should learn fast. With Jiu Jitsu, you can learn at your own pace. There is no need to rush things. By taking time, you will learn the different techniques better. The teacher will usually explain the RNC technique verbally and later demonstrate. You must be attentive in class so that you don't miss any lesson.

Jiu Jitsu techniques may be a bit hard to learn but if you dedicate yourself to it, you can learn the techniques in no time. If you're a fast learner, you can earn the belts you deserve. Focus and have the right motivation so that you can learn Jiu Jitsu.

About the Author:

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Internet Faxing - 5 Things to Consider Before Choosing a Service

By Caressa Waechter

Choosing to go with an online fax service is a wise one. A traditional fax machine is too limiting in features and is costing you too much money, so Internet faxing is the right choice. There are a few items to think about before you decide which service to go with.

When it comes time to decide on an online fax service, take the following 5 items under consideration:

1. Monthly cost - This seems pretty basic, but you have to pay attention when you are comparing online fax services. Some services may appear to be comparable price wise, but when you start to compare what you get for the base price, it becomes clear that certain services stand above the crowd.

2. Included pages - Each fax plan will come with a given amount of incoming and outgoing pages in the monthly price. Additional pages can be purchased at a per-page charge, which can vary quite widely. Pay attention to what you are getting for your money.

3. Online storage period - An online fax plan usually includes between 30 days and 1 year of online storage, though this may not be very important to most people. Since you should be receiving your incoming faxes as email attachments, you are giving the opportunity to store all of your faxes for as long as you need.

4. Online editing - You have the capability of editing your faxes online with some of the service providers. This is important if you receive a document that you need to edit, and you do not have access to a printer. This feature is available on the best online fax services.

5. Free trial - All of the leading online fax services offer a free, 30-day trial of their services. This gives you the chance to make sure their service is right for you. Of course, once you see the benefits of Internet faxing firsthand, you will never go back to using your fax machine.

Making the right decision about which online fax service you should use is an important one. While there are a number of services available, only a few really give you great features for a reasonable price. Investigate what is available and find the right service for you.

About the Author:

Caressa Waechter needs to fax fairly frequently and finds her fax over Internet service is great to have. Get your free, 30-day trial of an online fax service by visiting her website: Myfax