Franchising can be a harrowing experience--the laws that govern franchising are highly complex—but the experience can me made less harrowing with the help of the Richard Rosen Law Firm.
Richard L. Rosen is a franchise law attorney with over 40 years of experience in the field of franchise law.
Some lawyers represent franchisors; others represent franchisees. Rosen represents both.
“Having done both and been on both sides has been very helpful for me because I understand where the other side is coming from and I don't just take a one-sided view. I try to meet the needs of both parties.”
A franchisee's role is to duplicate the franchisor's successful business model. Franchisees purchase the right to use an existing business's trademarks, branding and proprietary knowledge. In addition to an annual fee, franchisees also pay a portion of their profits to the franchisor.
Franchisees don’t enjoy the same freedom of traditional entrepreneurs, but franchisees sacrifice this creative license in exchange for a recognized trademark, a proven business model, established business systems, training and support. Their likelihood for success as a business owner is much higher than if they were to build something from the ground up.
“I always say to franchisees, ‘How do you feel about doing this on a regular basis for the next 20 years?’ If it's not something you really love, then you're making the wrong decision. Try to pick something you're passionate about you want to do on a day-to-day basis, not just something you think you can make a lot of money doing.”
For more information on The Richard L. Rosen Law Firm, PLLC, visit www.richardrosenlaw.com