On Monday, January 7, shareholder Chris Jannes, presented “Legal and Practical Aspects of Franchising,” to a group of 25 business students at his alma mater, Augustana College in Rock Island, Illinois.
In early 2017, Chris, his wife Jodi, and another couple opened a franchise of The Original Pancake House in Ankeny, Iowa.
As a lawyer, Chris was able to cover some legal aspects to franchising, and as co-owner of a franchise, he was also able to provide some practical feedback and advice, including:
- Preliminary questions to ask about investment, required skills, and goals
- Franchise business models
- Contracts and disclosure documents
- Potential earnings