Creating franchise disclosure documents is required by franchise law but the focus of your work in writing them is to turn good franchise managers into great ones.

Franchise disclosure documents are required to be sent to any potential franchise owner well in advance of when the franchise agreement is signed.  That is not just a friendly reminder from your neighborhood franchise lawyer.  That is the franchise law and to not do it would bring your franchise program to a grinding halt. It is easy to see this requirement that you give to your future business partners such an in-depth and detailed amount of franchise information as an imposition and a burden.

These franchise disclosure documents will be one of the biggest challenges that will face you as you prepare to put your business into a new level of expansion through franchising.  Many disclosure documents become very large and there is no getting around the fact that you, the business owner, must be involved intimately with every page of those documents.

There is no passing this task off to a low level clerk or a ghost writer.  Franchise disclosure documents become part of the legal paper trail of your franchising effort.  To put it bluntly, what you hand over to future franchise owners in franchise disclosure documents becomes legally binding. So it is crucial that you approve and edit every page, every paragraph, and every line.  The best case scenario is that you write every word of the franchise disclosure document or at least that every thought in that massive documentation project are your thoughts.

Look at franchise disclosure documents as an opportunity rather than a problem.

There are two reasons to fight off the urge to look on the preparation of franchise disclosure documents as a nuisance and a burden that the government has come in and heaped on your already too darn busy schedule.  For one thing, if you resent having to prepare your FDD franchise disclosure document, you will probably do a shoddy job of creating this crucial document. That is not a good idea both because it is lazy and because of the negative impact it will have on your hopes and dreams for great success in franchising.

The second reason to put some tender loving care into creating franchise disclosure documents is because the franchise buyer is required to know inside and out what you put in there. That makes franchise disclosure documents valuable training tools.  Here in this one piece of required reading, you can put each and every new franchise owner through a virtual basic training in what it takes to be a great representative of your business.

The old, worn out saying that it is an opportunity instead of a problem applies truthfully to writing your franchise disclosure documents.  There may be no step in the process that is so full of potential to convert raw recruit franchising hopefuls into highly trained franchising experts ready to get out there and make big money for you. That is reason enough to work hard making franchise disclosure documents that you can be proud of.

 

 

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