Saturday, August 21, 2010

What advice is there for someone thinking about buying into a franchise?

Getting SBA loans, quitting current job to work for yourself, personal feelings to overcome.What advice is there for someone thinking about buying into a franchise?
There's a company called FranNet. Its a network of consultants that help people find good franchises. They get paid by the franchisor if you buy a franchise. They helped me a lot. I bought a franchise of Express Personnel.What advice is there for someone thinking about buying into a franchise?
Really check into the franchise. Speak not only to those that they provide as references but track down some they don't.





See how much support they offer. If you have no business experience, you'll need a bunch of support.
Pros and cons. First off, you can have security and benefits from franchising with advertisement already 'built in' so to speak. However, it is not totally 'yours' in the grand scheme of things.

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