Question Your Franchise Decision Making
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Free PDF Download FAQ's for Starting a Franchise - By Tom Parsley |
Deciding on a franchise may be one of the most important decisions you will make in your lifetime. Before rushing right into it out of sheer excitement, please take some time and ask yourself the basics. This franchise opportunity may potentially be your saving grace for a better future, so stop thinking of “dollar signs” and question the smart investment you are about to make. The following is a rambling list of what to consider during the due diligence process.
Q. What are you looking for in a franchisee?
Q. What does a franchise cost?
Q. What are the royalty and marketing fees?
Q. What is included in the franchise fees?
Q. How much capital is required?
Q. Do you do any financing?
Q. What support do you offer for site selection?
Q. What operations assistance do you offer for the opening of this franchise?
Q. What on-going operations support do you offer after the opening?
Q. What kind of marketing support do I get?
Q. How will I get the franchise supplies I need?
Q. Can I acquire the rights to multiple offices?
Q. How long has this franchise been in business?
Q. What are the terms of my franchise agreement?
Q. Does my franchise agreement include a protected territory?
Q. How quickly can I get started?
Q. How long does the application process take?
Q. When can I review the Uniform Franchise Offering (UFOC)?
Q. Is experience in this industry required to become part of this franchise?
Q. Can I sell my Franchise?
Q. Can I acquire multiple units?
Q. Do you offer a training program and how long is it?
Q. Do you hire managers for me?
Q. Do you provide insurance for your franchisees?
Q. Should I buy an existing franchise instead of a new one?
Size yourself up:
Q. Do I have passion for this industry?
Q. Do I have the desire to earn what I am worth?
Q. Do I have good people skills?
Q. Do I have a flair for creativity?
Q. Am I self-motivated and disciplined?
Q. Do I want to own my own business?
Q. Do I want more flexibility and control with my career?
Q. Do I want to be my own boss?
Q. Do I want or can I work from home?
Q. Do I want or will I have enough time for my family?
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Free PDF Download FAQ's for Starting a Franchise - By Tom Parsley |
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About the Author: Tom Parsley RSS for Tom's articles - Visit Tom's website The Business Market is an online business-for-sale marketplace. If you are looking to buy a business, franchise or opportunity, you can search our database for free to find the perfect business to buy. Or if you are looking to sell a business, franchise or opportunity, you can list it for sale on The Business Market risk-free. There are no setup fees, no monthly fees, and you only pay a small fee (less than a dollar) for each unique buyer that views your listing. Click here to visit Tom's website. Business Niche Where do you place Own a Pet Care Franchise Things to Know When Marketing Your Franchise FranchisesIf it Aint Broke Aire Master is Sweeping the Franchise Industry |
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