Franchising: Look Before You Leap

Franchises are one path for the new entrepreneur to take, and are less risky than starting a business from scratch.
There is a huge variety of franchises available, from Subway or McDonalds to icecream to home healthcare.
Again, before investing, you need to:
1. Evaluate your own business skills and your risk tolerance….franchises are less risky, at least the better known ones. Take our free Entrepreneurial Questionnaire that’s in our downloads.
2. Research the franchisor’s offering compared to others available to you….better, worse, same? If it’s about the same, why do you want this franchise rather than another one?
3. What kind of prepurchase support does the franchisor offer, e.g., site selection, territory analysis? How good is the support? What do other franchisees say?
3. What’s your earning capability under the franchise? This is hard to find out in franchise disclosure documents, for legal reasons. Talk to other franchisees.
These are just some of the key concerns….go spend $29 on our franchise course (S01) before you spend thousands….you’ll be glad you did.

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2 Responses to Franchising: Look Before You Leap

  1. Many thanks for sharing! I like the minimal popup!

  2. There may be noticeably a bundle to find out about this. I assume you made sure good factors in features also.

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