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STAY SAFE® OUT THERE™
In short, I assume this element will be satisfied in most cases.
Franchising to expand your business must be accomplished carefully to avoid running afoul of franchise disclosure laws. At the end of the day, business owners must remember that whether or not a business arrangement is a franchise or a license depends on the arrangement, not the name . Once required disclosures are provided, a properly structured franchising arrangement can lead to increased growth of an already successful business. You can always get more information about franchising or licensing your business on our website, www.AlexanderAbramson.com , or by calling the office at (407) 649-7777 . If you have specific questions or comments, don’t hesitate to reach out. We’d love to hear from you!
ABILITY TO EXERCISE SIGNIFICANT CONTROL OR SIGNIFICANT ASSISTANCE
This element is usually the determining factor. It broadly considers the power and dependency dynamic between the buyer and seller. “Significant control” hinges on whether the seller has the right to direct the buyer in how to operate the business or provides services and components that are essential to the operation of the franchised business. Indicators include an operations manual, the use of financial reporting procedures, or mandatory sales or management training. If a buyer wouldn’t be able to operate the business without the seller’s systems, training, or services, the reliance factor will likely be satisfied.
Have a great Thanksgiving, and we’ll see you next month!
LET’S TALK Getting the Most out of Internal Communication
Maintaining the flow of ideas and information between team members is as necessary to a business as the nervous system is to the human body. Internal communication (IC) is what determines how flexible and responsive your company is to day-to-day challenges. In today’s fast-paced, decentralized marketplace, leveraging the right tools and strategies to make IC engaging, effective, and fun has never been more important. Here are a few tips to help you get there. MORE CHATS, FEWER MEETINGS Making IC engaging from a leadership standpoint means taking the time to use the right medium for your message. The last thing you want is to have team members sitting through a meeting thinking, “Couldn’t this have just been an email?” Recognizing what you want to communicate and why are important steps in deciding the best way to deliver information. Saving in-person meetings for big collaborative projects and important announcements will add more weight to those moments while allowing communications of lesser magnitude to be handled quickly and efficiently over email and instant messaging. INTERNAL, YET GLOBAL Remote work is becoming more and more common — and it’s a good thing. Research conducted by IBM suggests that remote workers are, on
average, more engaged and effective than those who come to the office from 9 to 5. With group messaging apps and cloud-based software, you can keep your team on the same page no matter where they are in the world. The best tools to make this possible will depend on your business, but keeping everyone under the same umbrella of programs, such as Google’s G Suite, is a great strategy to start with. MEMES AND GIFS GALORE A company’s culture exists within the ways its team communicates. Having avenues available for employees to blow off steam, share funny stories, and stay abreast of each other’s lives is an important part of improving retention and company morale. Even spicing up a companywide email with a well-placed GIF or pop culture reference can do wonders to give your IC a voice unique to the culture and values of your company. Finding the styles and methods of communication that best fit your company takes time, but it’s worth it. Not only will creating your own communication style ensure that time and resources are used effectively, but it will also ensure that your team has a voice. Nailing this key aspect of your business will allow everything else to run far more smoothly.
2 • www.AlexanderAbramson.comwww.orlandobusinesslawyer.com
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