So, you want to get a franchise? You figure its a good way to be your own boss, without the risk if going it alone? Here are a few ideas to consider:
The Location – The location of business franchises matters a lot. The location of any business is critical to its success. It makes little sense to buy an ice cream business franchise if you intend to run your operations from Greenland. Consider the prevailing circumstances before you make a choice about any business franchises.
The Franchisor An obvious one; who are you buying the business from? Quiz up the franchisor. Behind whats said, and not said, and their tone, youll get a good idea of whether you want to proceed with them. Franchisors are keen to sell to intending franchisees so they’ll provide you most of the information you need to discover the opportunities of that franchise and make your own analysis.
The Network – The problem with listening to sales pitches is that you often get to hear the good parts without ever getting an inkling of potential disadvantages. By networking with people who have already bought into franchises, you can investigate the claims of the franchisor for...
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