When I was in my late twenty’s, I had a horrible experience buying into a popular franchise concept. I am a lover of all things business and have been self-employed most of my adult life. After my sour franchise experience, I have investigated hundreds of franchises trying to find just the right thing. At this point I consider myself a franchise investigation pro. Here are the questions you need to know to ask in order to properly vet a franchise.
I am a former owner of a Creamery franchise. I had never owned a franchise before and I did not do the proper amount of due diligence or ask the right questions. I paid dearly for those mistakes. Please read my story here as I had a true franchise nightmare.
If you’re looking for a business opportunity which allows you to jump on board with an established brand and work to a tried and tested formula, a franchise could be the perfect solution for you. There are all kinds of business opportunities out there online, most of which start with something along the lines of ‘”Make a Ton of Money an hour from your front room.” Guess what? If it looks to good to be true…it probably is.
With a new-store opening cost between $1,000,000 to $2,000,000, Rebounderz Indoor Trampoline Arena Franchise is not for the faint of heart. Still, Franchisee Chris Bouma from Grand Rapids, Michigan is happy with his franchise choice and tells us, “It takes an incredible amount of time and quite a bit of business savvy. You will work harder than you ever have, but it is also exciting and rewarding at the same time. Be prepared to answer about a thousand questions every day. You’re the boss and you need to be able to make decisions quickly and move on.”
For the men and women who have entered life after service the lower unemployment numbers reflect both a nationwide effort to specifically hire veterans as well as veterans taking matters into their own hands — through entrepreneurship.
A new year is here. If you’ve been thinking of becoming your own boss, why wait? Now is the perfect time for a change.