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Fees |
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Ask consultants, lawyers / solicitors
and others who help you to set up to quote fixed fees,
not estimates or hourly rates. That way you can
budget in advance and do not have to worry about how
much time they are spending
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Recommendation |
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Ask any advisers for contact details of
some clients and get in touch with those clients to ask
for feedback and recommendations
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Personality |
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For any advisers that you may deal with
over some time, such as the lawyer / solicitor and
consultant, make sure that you will be dealing with a
named individual, and that you are comfortable with that
person's working
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Top
Tips Tops Tips on how much advice you
need
- Read the section on roles of
advisers and decide what you can do yourself
- Only use advisers where you do not
have the time or expertise yourself
- Consider the timescales and your
own availability
- Do not do legal documents yourself
as mistakes or liability are costly
- You can breach copyright if you try
to copy other companies' materials
- Consider which elements will
reflect on your image or brand
- It can cost more to get advisers to
adapt than to start from scratch
- Consider how complex or simple your
business is
- Factor in the potential size and
worth of your future franchise network
- If you already have a franchise network, weigh up costs
against time
Top Tips when choosing an adviser
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Use franchise specialists (such as British Franchise Association members)
- Ask your bank, check the list at
the BFA or other franchisors
- Most advisers will travel or work
by email, but you may consider locality
- Contact several advisers for any
role and meet with them personally
- Ask about previous work, clients
and experience
- Contact some clients for
recommendations or feedback
- Ask for fixed fees for drafting any
documents to avoid surprises
- Check that any
recommendations from the adviser are ethical and realistic
- Make sure that you meet the actual
person who will do the work
- Ensure that you feel that the
adviser has a similar approach to you
- If all else is equal, choose the
adviser that you relate to best
Tops Tips on working with your
advisers
- Ensure that you have a clear system
for working together
- Make sure that you agree in advance
the fees for any work
- Define your role and your adviser's
role clearly to set boundaries
- Ask for a named adviser as your
point of contact
- Keep your adviser updated on any
significant events in the network
- Reconsider the roles of your
advisers from time to time
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