Experience Franchising First Hand

The Franchise Magazine:

A valuable part of any research before investing in a franchise opportunity is to talk to existing franchise owners, who have already followed the same path you are about to embark on.

One of the most useful checks when researching a franchise opportunity is to talk to a company’s existing franchise owners, as they will be a font of invaluable first-hand, non-corporate opinions of what it is like to run the franchise.

By talking to them, you will be able to receive realistic insights into how many hours you will need to put in to make the business succeed, how long you can reasonably expect to wait before breaking even, how much operational and working capital will be needed to run the business, what sort of challenges you may encounter, how good the training and support is, how the franchisor relates to individual franchise owners once they have signed up – and much more in the way of operational realities.

Read on.

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