HPH 003 - Can the Sharks be wrong? We're talking Licensing and Franchising with Attorneys Lee Plave and LaTasha Rowe

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Episode Summary

Do you watch 'Shark Tank'? Have you had dreams of securing one of those 'licensing' deals they're always mentioning? Well, before you jump into the

'Tank' tune in to this episode all about licensing and franchising, with one the pre-eminent franchise attorneys in the world, Lee Plave of PlaveKoch. Also, joining us to work through the benefits and issues to consider when considering a franchise (as a franchisee or a franchisor).

In this episode we discuss:

• The difference between a licensing and franchising arrangement
• Who you need to have on your team to protect yourself
• When it may be the prime time for you to consider becoming a franchisor
• What to consider if you want to become a franchisee
• The secrets to putting a 'Franchise Disclosure Document' to use for your benefit
• International franchising considerations
• The 'Call to Excellence' coming out of the National Labor Relations Board press statement about McDonald's and its impact on prospective franchising relationships
• And much, much more

Whether you are ready to scale up and expand or are considering your options for buying into a new venture, we've got the answers for you!

Be cautious about taking the advice that you can license your business to someone without a franchise arrangement. ~ @LJPlave Tweet worthy! Resources

Lee Plave, Founding Partner - PlaveKoch - Franchise Law with Zing!

Connect with Lee and his firm on Twitter: @LJPLave and @PlaveKoch

LaTasha M. Rowe, General Counsel - NFM Lending - America's common sense lender!

Connect with NFM Lending on Twitter: @NFMLending

International Franchise Association

Check out our conversation with Cinnamon Bowser of NailTaxi who has expanded her mobile nail salon nationwide. Listen Now

This week's Power Boost:

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Lee Plave on the recent NLRB actions:

Feeling a little romantic? Check out Lee's fave movie about L-O-V-E!

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Michelle Y. Talbert is a DC-based author and recovering attorney and the curator of the Her Power Hustle Community. She’s passionate about networking and relationships and writes on business and entrepreneurship topics for a number of sites, including Black Enterprise and Killer Startups. Her new ebook, ‘Why White Guys Having Fun Make Great Mentors for Black Women,” (2015) chronicles advice and mentorship for Black women in business gleaned from her conversations with Guy Kawasaki, Peter Shankman and other guys in business having fun and at the top of their industries. Follow us on Twitter @HerPowerHustle and connect with Michelle on LinkedIn.