Understanding Franchising – Part Five
How Do I Avoid Mistakes with a Franchise?
In the right circumstances, franchising reduces the risk of getting into business. Nevertheless, your process of investigation should be extensive and methodical. Most initial buyers will say, I don’t even know what questions to ask. If this is true for you, allow me to point the way for you.
Start now, and study up:
Learn about franchising. Read books, attend seminars, etc, and become familiar with terminology used in franchising. I can refer you to appropriate resource for Franchise Terminology Click Here
Examine your motives for going into a franchise business. Be realistic. Even the best franchises can test your patience during that first year of operation. If you aren’t particularly good at seeing things through, then franchise ownership will offer you coaching to help you stay on track.