Is your small business a franchise, or are you interested in running a franchise? If so then you don’t want to miss the #smbiz Twitter chat on Tuesday, Jan. 5, 2010, from 8-9 pm ET. Join the first #smbiz chat of the new year for a special session focused on running a franchise. Joel Libava, The Franchise King, will be our special guest answering all kinds of questions that pertain to operating a franchise.

Joel is well known for providing a wealth of tips, information and all-around solid advice on all things franchising. He’s an industry consultant and has appeared on national media outlets talking about a wide variety of franchise-related topics. Joel normally tweets as @franchiseking but will be tweeting during the chat under his @franchisedog profile.

Here are a few areas we’ll be covering during the chat:

What is a franchise and what does it take to operate your own franchise? How much money to start one?

What are the main differences between operating a franchise and your own small business?

What should you look for when deciding which type of franchise is best for you?

Is it better to go with a well-known brand or one that may have very little brand competition in your area?

What are financing requirements for getting a franchise? How do you line up financing in today’s climate?

What are the differences in marketing for your franchise vs. your own business?

Is there a social media opportunity when you run a franchise? Why or why not?

So be sure to join all the #smbiz Twitter chat small business professionals and Joel Libava, aka The Franchise King, to learn all kinds of great tips and advice on running a franchise. Leave a comment here if there are additional issues in running a franchise you’d like to see us cover during the chat.

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