To follow up our blog post from Monday (if you missed it, click here to read the full post) on ways you can better prepare yourself to buy a franchise, we mentioned that possibly the single-most important thing you can do before you buy a franchise is to talk to active and former franchisees. The
Tag: franchise buyer
This is a question that I am often asked. To start, you may be able to change the documents. But even if you can’t, here’s 3 reasons why: Changing the legal documents and renegotiating the terms of your franchise agreement is usually overrated. To be sure, there are times when doing so is necessary and
Why did you select this franchise over others? What is your background? Does the franchisor provide quality training and support as promised? How many hours a week do you work? Are you profitable? If so, how long did it take for you to become profitable? How much of a capital reserve did you start with?
Resourcefulness! Resourcefulness is a necessary skill for any generation, but even more so for today’s business leaders because money simply doesn’t go as far as it used to, competition is everywhere, and the technologies we use change at the speed of light. So you have to know how to do more with less, and still