PROVIDED FROM THE FTC: The Federal Trade Commission earlier this week approved amendments to the Franchise Rule

The Federal Trade Commission earlier this week approved amendments to the Franchise Rulewhich was originally promulgated in 1978. The amended Rule has a phased-in effective date: as of July 1, 2007, franchisors may follow the amended Rule, or they may continue their current practice of complying with the original Rule or individual state franchise disclosure laws that require an Uniform Franchise Offering Circular (“UFOC”); but by July 1, 2008, they will be required to follow the amended Rule only.

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California First to Ban Dry-Cleaning Chemical

Toxic Solvent Could Cause Cancer By SAMANTHA YOUNG Associated Press

SACRAMENTO, Calif. (Jan. 26) - By 2023, California will completely ban the most common chemical used by dry cleaners. Under a newly enacted ban, the fluid is to be phased out starting next year. The state is still debating what the alternative will be. Dry cleaning businesses are upset.

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Generation Y Not Now?

From Franchising World, January 2007

Make way for the fresh faces of franchising. 

For many franchisees, the entrepreneurial spirit is an instinct that developed after many years in the workforce. The extent of their business experience gave them the confidence they needed to become their own boss. Others are born with it. These are the franchisees of Generation Y.

Born between 1978 and 1989, Generation Y is the fastest-growing population in the workforce, representing 22 percent of the current workforce. By 2010, approximately 10 million more “Gen Yers” are expected to join the working world, outnumbering their predecessors, Generation X, and that’s not including immigration. These findings are according to a 2006 analysis conducted by RainmakerThinking, Inc., an organization that has administered ongoing studies of the working lives of young people since 1993. 

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Anyone who has considered hanging up their corporate hat and venture into self-employment has undoubtedly considered the idea of becoming the owner of a franchised business. A question that must be answered:

Is franchising a good fit for me?

This may seem like an obvious question, but something that must be considered when evaluating a franchise is that it is a two way interview. You are checking the company out as much as they are checking you out. Keep in mind, a good franchise system is going to be extremely selective about who they allow to be an owner.

So, how do you know if you will be a good fit?

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