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A small business franchise sounds like a
great way to go. It offers a great story
just sign up today and we will set you in a
proven business. We will even help you get
started. We will help you pick the best
location. We have your retail location
designed for you even down to the
cabinetry. All you have to do is attend
a class and you will be ready for your
grand opening!
But at what cost to you? You quit the
corporate world to be independent, to
think for yourself, right. This
opportunity usually comes with a rule
book. After all they are offering you a
proven business opportunity. But
remember a small business franchise
usually comes with a loss of some of the
freedoms you are looking for when you
set out to start you own small business!
Read
the Prospective Carefully
As you read the prospective that small
business franchise owners are required
by law to provide to you make sure that
you read it very carefully. It tells you
what they will do for you and at what
financial cost. But more importantly it
spells out to you what you will be
required to do as a franchisee. Even
though the prospective is a Federal
Trade Commission required document, you
should read it like as if it is a
brochure. Be especially careful of any promises or
unbelievable claims it claims with
disclaimers.
There Are So Many, How Do I Choose?
You have heard the stories about the
success of McDonald Hamburger
franchises. You may or may not know that
just about anything you can purchase has
some or many franchises in your town or
city. Anything from oil changes, packing
and shipping, mufflers, printings,
painting, to you-name-it is a franchise
Even your maid service could be a
franchise. So the first choice you have
to make is...
What Do You Want To Do?
Now comes the hard part. You have to
decide in what business type you want to
invest your heart and soul. Pick any
business and you will find a small
business franchise opportunity. Once you
choose the business type, it is time to
pick the franchise you may be interested
in pursuing.
This is where the hard part comes in.
You have to ask yourself and franchisor
some tough questions. Questions like the
following:
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How many locations do they have in
your area?
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Can you afford the franchise fee?
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How will you finance the fee and the
build out?
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Do you like the franchise sales man?
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Do they give you reference
franchisees that you can talk to or
better yet visit.
-
Is their royalty reasonable?
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How long before you will make a
profit?
-
Do you really want to wear their
silly required uniforms?
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And many more
You
Need Help!
By now you are starting to realize that
you had better get help. Of course you
will need an attorney before you sign
any papers. There are law firms that
specialize in small business franchises.
But even before you go that route, there
are consultants that can help you decide
on what is right for you, walk you
through all of your questions, and help
you choose the small business franchise
that fits your needs.
These consultants are like any business,
some are excellent and some are shysters, so
be careful. Ask for references and make
sure you are happy and comfortable with
your chose.
The Last Word
After reading this page, you may think
we are against franchise. That is not
true, it may be just the right chose
for you. What we want you to do is be
careful when deciding for yourself!
Just remember...
You have the dream of freedom...
This is the siren song of franchises
and it can be intoxicating. Maybe you
have looked at franchise opportunities
already. I know you have you dreamed of
being free? What if you never had to
work for someone else ever again? Would
you like the feeling of being free of
your "day job" - freedom from fickle
jobs, bosses, and companies?
...can it be yours
by owning a
small business franchise?
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