Shopping for a franchise is easy if you know what you are doing. You can choose between radio adverts, newspaper adverts, personal recommendation, Internet, or visit a franchise exhibition. Attending a franchise exhibition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors primarily want to sell their franchise systems. Before you attend, research what type of franchise best suits your investment limitations, experience, and goals.
Do not be pushed into making a rash decision. Here are some useful tips for you to consider in helping you decide which franchise is best for you:
Investment Capital: An exhibitor may tell you how much you can afford to invest or that you can't afford to pass up this opportunity. Before beginning to explore investment options, consider the amount you feel comfortable investing and the maximum amount you can afford.
Right Franchise: An exhibitor may attempt to convince you that an opportunity is perfect for you. Only you can make that determination. Consider the industry that interests you before selecting a specific franchise system. If the industry does not appeal to you or you are not suited to work in that industry, do not allow an exhibitor to convince you otherwise.
Compare Deals: Visit several franchise exhibitors engaged in the type of industry that appeals to you. Listen to the exhibitors' presentations and discussions with other interested consumers. Exhibitors may offer you prizes, free samples, or free dinners if you attend a promotional meeting later that day to discuss the franchise in greater detail. Do not feel compelled to attend. Rather, consider these meetings as one way to acquire more information and to ask additional questions. Be prepared to walk away from any promotion if the franchise does not suit your needs.
Verify Claimed Earnings: Some franchisors may tell you how much you can earn if you invest in their franchise system or how current franchisees in their system are performing. Make sure you ask for and obtain written substantiation for any income projections, or income or profit claims. If the franchisor does not have the required substantiation, or refuses to provide it to you, consider its claims to be suspect.
Do Not Be Rushed: You may be told that the franchisor's offering is limited, that there is only one territory left, or that this is a one-time reduced franchise sales price. Do not feel pressured to make any commitment. Legitimate franchisors expect you to compare deals. A good deal today should be available tomorrow
Check Documentation: Do not sign any contract or make any payment until you have the opportunity to investigate the franchisor's offering thoroughly Study the disclosure document. Because investing in a franchise can entail a significant investment, you should have a lawyer review the disclosure document and franchise contract and have an accountant review the company's financial disclosures.
You may freely reprint this article provided the author's biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
recurring cleaning service Mundelein ..Remember the training programs, seminars, and workshops you had to... Read More
Most business owners do not think of selling their companies... Read More
When is the Chamber ideal for your business?Joining a Chamber... Read More
Most small business owners seek advisors who can help them... Read More
Most pressure washing companies never look into some of the... Read More
Send handwritten notes. That applies whether you're a guy or... Read More
At first glance, this topic may seem a little repetitive,... Read More
Are the promoters and consultants destroying the market for Reverse... Read More
Announcements can be handed out as a business cardAnnouncements can... Read More
Why would you use an event pass?Event passes are often... Read More
Here are seven ways for owners of small businesses to... Read More
The story is told of a tiger chasing some goats... Read More
One of the best ways to make money in the... Read More
Are you -- like 70 percent of small business owners... Read More
Q: I will be retiring this year at age 60... Read More
For the employees, payday is the brightest day; they finally... Read More
Commonly folks have asked me what the technical difference is... Read More
Some of the greatest words of wisdom for any man... Read More
Your grandfather probably told you to "learn something new everyday".... Read More
Does your company have a community relation strategy? Have you... Read More
Business card size works well for invitations to special events.What... Read More
KEEPING INTEREST HIGH: Supervision is key to the success of... Read More
Many small businesses do quite well due to the blood,... Read More
You may find this Newsletter a little long winded but... Read More
Cash is King?That is what everyone tells us and it... Read More
tidy up service Buffalo Grove ..As you reflect on this year and prepare for next... Read More
Whether it has been thrust upon you by external market... Read More
I only have to point to the 555 plus failed... Read More
Do you like animals? Would you like to work for... Read More
Most new small businesses won't be in business this time... Read More
Doesn't it frustrate you when you've given good service, sometimes... Read More
And is having a logo really that important?My answer to... Read More
1. There Are No "gimmes" ? They count two-foot putts... Read More
I've got good news and bad news. The good news... Read More
Having a successful business means also having a good working... Read More
Most pressure washing companies never look into some of the... Read More
It is estimated that 78% of all small business start-ups... Read More
Pressure washing companies must look for customers in the retail... Read More
We all know that competition is an ugly word but... Read More
If you own a mobile service or home based franchise... Read More
When do annoyances in a relationship become too much to... Read More
Here are some useful tips on what to consider before... Read More
It's the dream of every person who starts a business... Read More
Small business owners can relieve a lot of their own... Read More
When starting a business, you have to determine the method... Read More
10 Best Practices to consider as your SBIR negotiations approach... Read More
Many experienced auto detailing professionals who have started out using... Read More
Contrary to popular belief, small businesses can survive a crazy... Read More
1. Everyone Makes A Difference ? Despite not letting him... Read More
Boston itself covers 50 square miles of concrete and traffic,... Read More
Small Business |