Most potential franchisees don’t go into a franchise business feeling paranoid about the financial strength of their franchisor. That’s because would-be franchise owners aren’t usually spending a lot of time analyzing a franchisors financial statement.
As a matter of fact, in a post I wrote titled “5 Great Questions To Ask Franchise Company Executives,†I didn’t even include a question concerning franchise company financials. Maybe I should have.
The economic environment over the last three years in the US has been challenging, to say the least. By now, you know that the housing market has been hit hard, lenders for the most part still aren’t freely lending small businesses money, and millions of people are having difficulty finding good jobs. Read full post.