Ever wondered if a franchise was a good choice for you? While that’s a topic that will be covered in more depth at our May 1st event, we wanted to share some great information we came across at Entrepreneur.com. One of the key elements to franchise success is understanding how specific franchise systems respond to economic downturns and investing in a system with a solid survival strategy independent of market conditions.
In his article “Franchise Ownership in the New Economy,†Joe Lindenmayer explores those questions and concerns in greater detail. He offers some great advice with specific details of what to look for in determining how much “grit†a franchise system has when it comes to surviving difficult economic conditions. His article can be found here.