Sunday, February 21, 2010
Before You Buy a Franchise
Investing in a franchise is a major commitment for you, your family and your finances. Going into it without the proper investigation and due diligence can result in a disaster. You must read and re-read the franchise agreement and be comfortable with everything in it. Some parts may be changed or adjusted like a reduced fee if you open a second unit or the ability to sell related products. You are buying a concept that has worked in the past but there is no guarantee that it will work for you. If a franchisor does say you can't lose run to the door and look for another one. And always talk to at least 5 other franchisees and ask some serious questions about how they are doing and if profitable. There is a longer article that you can receive free at my website www.idealetter.com with more questions about franchises and their management. When a franchise works for you it will change your life for the better. But if it's the wrong franchise you'll regret that you ever got involved.
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