How often must an Expense Reduction Analysts franchisee prepare a 'Business Plan'?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
Business Plan means the annual business and marketing plan for the ERA Business prepared in accordance with Section 20.2.
- (5) a Business Plan, which may include, among other items, a plan to meet or exceed the upcoming year's Minimum Performance Standards, (including but not limited to the acquisition of at least 1 client or making at least three SpendVue presentations to at least three client prospects), pay Royalty Fees, and other information and such format as the Franchisor may require, and provide such Business Plan in the form(s) and/or format(s) as specified in the ERA Manuals or as the Franchisor otherwise specifies in writing—to the Franchisor and Your Area Representative (if applicable) prior to December 31
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, franchisees must prepare an annual business and marketing plan. This 'Business Plan' is defined as the annual business and marketing plan for the ERA Business prepared in accordance with Section 20.2 of the agreement.
Furthermore, Expense Reduction Analysts requires franchisees to submit a business plan to the Franchisor and their Area Representative (if applicable) prior to December 31st of each year. This plan may include strategies for meeting or exceeding the upcoming year's Minimum Performance Standards, such as acquiring at least one client or making at least three SpendVue presentations to at least three client prospects. The plan should also detail how the franchisee intends to pay Royalty Fees.
In summary, Expense Reduction Analysts franchisees are obligated to create and submit a detailed business plan annually, outlining their strategies for client acquisition, performance targets, and financial obligations. This requirement ensures that franchisees are actively planning and working towards the growth and success of their Expense Reduction Analysts business.