Franchises can offer many advantages to a new business owner, including business-startup knowledge that can give many buyers a head start. But that doesn’t mean that franchises are risk-free. Just like buying or starting any business, it pays to perform due diligence to understand the industry you’re entering as well as the specific franchises you’re …
Category: Franchise Advice
Sales Advice For Emerging Franchisors
If you’re an emerging franchise, making the leap from an owned-and-operated business to the franching model, you’ve got a tough task. Your first few sales are based on the promise of your concept, not a track record in serving franchisees. Fortunately, many prospective franchisees are looking for ground-floor opportunity, and may be emotionally drawn to …
15 Questions You MUST Ask Before Buying a Franchise
If you are thinking about buying a business, you probably have dozens of questions that seem like top priority right now. And if that business is a franchise, you will find many answers in the Franchise Disclosure Document, along with conversations with franchise development executives. But the bloggers at Franchise.com urge you to go one …