Spadea Lignana

In Tom Spadea's latest interview with 1851 Magazine, he talks about how to build generational wealth through franchising. "I often tell clients that if you want to double or triple your income, don’t bother with franchising, just open more outlets and build out your operations team. But if you want a shot to multiply your income and net worth by 50 or 100 times, then franchising is the answer."

Gratitude for what is working helps feed optimism and gives us hope to remain persistent until we turn the corner toward success. The same is true even in a year like 2020. Let's share some positive thoughts together. Can you name 1 thing in the franchising industry you are thankful for this year? #thankyoufranchising We are thankful for our amazing team, great clients & our franchise family! Read more about gratitude in this confusing year in Tom Spadea's latest Franchise Dictionary Magazine article. https://bit.ly/3lH652Z

Tom had the opportunity to sit down with Linda Ballesteros on the All Things Franchising radio show. Listen in as he talks about what business owners can expect when thinking about franchising their business. https://bit.ly/2GVvMhg

Please join us in supporting our friends at Saladworks by donating to No Kid Hungry! The coronavirus is closing schools nationwide, and millions of vulnerable children are losing the school meals they depend on. A donation helps to ensure kids get 3 meals a day.

What is the secret to building a successful franchise system? A big part of it is the quality of the franchisees joining the system. Franchisors need to learn how to "just say no" to potential franchisees who may not have what it takes to be successful. Tom Spadea's latest article for Franchise Dictionary Magazine shares some great advice on being selective in a franchise system. https://bit.ly/32aA3VS

Shoutout LA interviewed Harold for their latest article! In the interview, Harold talks about his experiences in the industry & why he decided to start his own business. https://bit.ly/37J1j0Q

We're thrilled to announce that we have been named the #2 franchise law firm in the nation by Entrepreneur. Our team has worked tirelessly over the last year to help our clients through these unprecedented times, and to be rewarded and recognized by those who know us best, our clients, is the highest honor we can ever get. It’s really all about the team of attorneys, paralegals and supporting cast in our firm that made this happen through the caring, diligence and excellence they bring every single day. A big thank you to the franchisors who voted for us! https://bit.ly/34Tmr36

How can you avoid the "gotchas" in an FDD? Harold L. Kestenbaum joined the Pillars of Franchising radio show last week to cover everything you need to know about FDDs. Watch the full episode on our website. https://bit.ly/3h899mv

Despite what you might think, now is actually a great time for franchises. How can franchisors pivot to reflect the current reality? Harold L. Kestenbaum shares 3 ways franchisors can pivot in his latest article for Betheboss.com. https://bit.ly/3i2i7Sc

Congrats to Tom Spadea, who was recognized as a 2020 Top Franchise Legal Player by 1851 Magazine (for the 4th year in a row)! Read Tom's interview with 1851 where he shares his best advice: https://bit.ly/2WBabiw

In the life cycle of every franchise system, conflict will eventually occur. How can franchisors better prepare? https://bit.ly/2Wnmm2o Find out in Tom Spadea's latest article for Franchise Dictionary Magazine. #2020FDM

COVID-19 has caused financial struggles for many businesses, and franchisors need to be prepared for franchisee bankruptcies. Learn more about how to prepare in this recent Franchise Times Magazine article, which features some thoughts from Spadea Lignana attorney, Will Jameson. https://bit.ly/3eKMSKo

If you are a franchisor with an overly descriptive and inherently weak trademark, now is the time to think long term and to build the foundation of your brand under a name that you can protect. In Tom Spadea's latest article for Franchise Dictionary Magazine, he answers the question -- "Is your brand name really yours?" https://bit.ly/2XP5Wkz

While you might think that now, in the midst of the COVID-19 pandemic, is the worst time to start a business, it is, in fact, a good time to consider buying an existing franchise. Find out why in our article for Betheboss.com. https://bit.ly/3bKCccj

"The world changed if you don’t change with it and adapt your thinking, you will be a casualty of the calamity instead of a front-runner in the recovery." In Tom Spadea's latest article for Franchise Dictionary Magazine, he explains why franchisors need to play the long game and anticipate what the business world will look like when things start to open up again. https://bit.ly/3cchLpD

Tom Spadea led a session for The Franchise Brokers Association in April 2020. Tom talks about how franchises are impacted by COVID-19 and what they can be doing now to prepare for what happens after the crisis.

In order to achieve exponential growth, franchisors need to stay long-term greedy and avoid being short-term greedy. Read Tom's latest article in Franchise Dictionary Magazine to better understand franchise unit economics. https://bit.ly/2XmIDih

A note from Tom Spadea: What a hectic few weeks for all of us, with more to come I am sure. First and foremost, I hope everyone is being safe and smart. I am so thankful for the medical professionals on the front lines of this and can only imagine the stress and worry that it is inflicting on them and their families. Regarding our industry, at this point I have lost track of how many franchisors I have talked to about what to do next. In my opinion, when we look back on all t...his it will still just be a temporary unique event that will pass. We need to remind ourselves that although the form of this crisis is new, a national crisis is not a unique event. My advice to our clients is they need to be smart in the near term, but completely shutting down is not the answer. They should continue getting their FDDs updated and should not shy away from registering in the states they want to grow in later this year. Many franchisors are going to freeze, those that prepare for what’s next will be ahead of the game. They should be exploring the emergency credit facilities the SBA is making available and other moves to keep the lights on to weather this temporary storm. Franchisors should always be playing the long game, and this is the time to really go deep on your faith in your brand and your long term vision. Today’s moves, even at the expense of your profitability and cash, that are able to reassure your franchisees and calm those around you will pay off big over the long haul. Over the next few weeks we may end up with extra time on our hands, let’s use it wisely to plan for the potential boom in franchising that I am hopeful will come. Since the present is pretty bleak, it should be forcing us to prepare for the future when we come out of this as an industry poised for growth. Don’t forget, franchising does well in recessions. Will you and your brand be ready for what comes next?