Buying Into A Franchise Involves Lots Of Homework

Hartford Business:

Franchising pairs an entrepreneurial investor with a business that’s proven it can succeed. But it can be as hard to find a good match as it is to find the right spouse.

Enter FranNet, a sort of e-Harmony for business, that opened in Connecticut in 2008.

FranNet is a free matching service that connects people interested in owning franchises with the right franchise opportunities.

The owner of FranNet’s Connecticut operation, Luc Deslauriers, explained that he wanted to be his own boss after many years of traveling extensively in sales positions, including a top position at Canada Nike. That realization became a turning point for him. He found that by buying into a franchise he could have the best of both worlds — a hybrid of business ownership and support from a bigger entity or parent. In 2008, he decided to open up FranNet.

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