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Why Every Franchise Should Use Electronic UFOC Distribution

Posted in Franchise Opportunities by admin on August 28th, 2008
Tip! Be in control: Many of the franchisees will sell you on the idea that they need to pre-qualify you before offering you their opportunity. Don’t let this cloud your judgment with feelings of obligation, and remember you ultimately will have the final decision that is in your best interest.

In today’s world time is very important, if not everything. Time to prepare, time to market, time to close, time to roll out, and many other time related events can determine in great part whether a franchise venture is successful or yesterdays news. Franchises have been burdened, or perhaps mandated is a better choice of words, to comply with Uniform Franchise Offering Circular (”UFOC”) law for 25+ years. During this 25+ year period the UFOC has changed dramatically, and the legal bodies controlling its function and purpose have also changed, but one thing has remained constant over these years, and that is UFOC’s are expensive.

Tip! ) Franchised Business Opportunities often have financing available and this makes the financing much easier and generally better rates.

They are very expensive to create, super expensive to produce and distribute, and unbelievably costly to store and audit. UFOC’s are one of the single greatest expenses new franchises face, and for the first time there is a cheaper and more effective way to do business. It is legal, it is safe, it is secure, it is encouraged and it will make an existing franchise more efficient and lower the barrier to entry for new franchisers. This revolutionary technology has only been around for 135 years, so it is about time the legislators let franchisers take advantage of the savings. What is this new technology you ask? It is electronic signature capturing, and New Hampshire was the first court system to rule on the validity of electronic signatures in 1869, it was in relation to the telegraph and signing for invoices for goods shipped by railway cars, but it was and is legal, so why not use it in other forms of business?

Tip! Now if you have gotten this far with a particular franchise you will want to talk to someone who is actually running their own franchise. Try to get a couple of different prospective of the business.

In the 1980’s businesses and courts started to ask this same question, and voil

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