Ten Questions to Ask Before Buying a Franchise
You’ve got to be very careful if you don’t know where you’re going, or else you might not get there. - Yogi Berra
Full article: Tuesday’s Franchise Tip: Ten Questions to Ask Before Buying a Franchise
Related reading: 10 Criteria for Choosing a Franchise
Ten Questions to Ask Before Buying a Franchise [Excerpt]
The probing question is the most important research tool in finding the perfect franchise opportunity for you. Here are ten questions to ask when considering any franchise opportunity:
1. What’s my motivation for owning a business?
2. How does the franchised business concept work?
3. What’s the market for the franchises products and services?
4. Has this company and concept stood the test of time?
5. What’s the depth of experience of the franchise team?
6. How will the franchise company help me get started?
7. Will I derive ongoing benefits from the franchise relationship?
8. Am I qualified to run this franchise?
9. Is the franchisor selective about which franchisees they accept?
10. Does this franchisor have a great reputation?
Franchising is a great way to go into business, but only if you do so with your eyes wide open. Before you start any business, understand that if you plan to take the credit for success, you must also be prepared to accept responsibility for failure. The best way to ensure the former and avoid the latter is to ask lots and lots of questions upfront.
Best of luck!
copyright 2007, FranBest
This Tuesday’s Tip is sponsored FranBest.Com, the website for helping you find the best in franchising.
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Ten Questions to Ask Before Buying a Franchise at PIGASYS
Aug 14, 2007 at 9:00 am
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