For community members looking to start a business this year, the University of Houston-Victoria Small Business Development Center is hosting a workshop
about the nitty-gritty details of what it takes to start a franchise.
Stephen Maeker, a franchise consultant for FranChoice, will lead the workshop “What You Need to Know Before Buying a Franchise.” It will be from 9 a.m.
until noon Jan. 21 at the UHV SBDC office, 3402 N. Ben Wilson St.
“With New Year’s resolutions, people get excited about starting a new business,” SBDC Director Joe Humphreys said. “A franchise is a good way to go if
someone isn’t quite sure how to start a business. It’s a realistic opportunity because of all the details provided by the franchise company, plus community
members can get the help of SBDC business advisors.”
Maeker will cover how a franchise works, pros and cons, how to estimate income potential, different types of franchises and how to get financing. He also
will give a detailed look into a real franchise disclosure document, which gives extensive information about the franchisor so a potential franchisee can
make an educated decision regarding the investment.
Farhang Niroomand, dean of the UHV School of Business Administration, said franchise ownership is a growing segment because most franchise companies are
organized in what is needed to open a business.
“Owning a franchise is a good starting point for becoming a business owner because of all the help associated with starting the business,” he said. “A
franchise has many keys to a successful business, including affordability, a proven method of success, a structured business plan and easy entry into the
Humphreys encouraged community members to attend the workshop. To register for the free workshop, email firstname.lastname@example.org or
“The more information a business owner has, the more likely he is to succeed,” he said. “So even if owning a franchise is farther down the road, this is a
good opportunity to have any questions answered by Mr. Maeker, someone who works with a variety of franchise companies.”
The UHV SBDC offers assistance on starting, growing and financing a business; contracting opportunities; and recovering from disaster. Most of its services
are free to area small business owners in Aransas, Bee, Calhoun, DeWitt, Gonzales, Goliad, Jackson, Karnes, Lavaca, Refugio and Victoria counties. It is
part of a nationwide small business assistance program serving the small business community and federal, state and local governments.