Franchises can be a wonderful opportunity, but there are a few key things you need to know before you invest.
On today’s episode, host Roland Frasier walks us through the pros and cons of investing in a franchise and lists helpful questions to ask before you take the leap. Then he lays out a step-by-step research checklist to help you pick the franchise that will work best for you. Some of his tips include: attending a trade show, interviewing both happy and unhappy franchisees, talking to competitors, checking out trends, analyzing franchise disclosure documents, and hiring an attorney.
Bottom line: don’t invest in a franchise without listening to this episode first.
IN THIS EPISODE YOU’LL LEARN:
- How much money you’ll need to invest in a franchise upfront
- What questions to ask a franchisor before you buy
- Which (and how many) franchisees to interview (and what to ask them)
- What you need to know about franchise agreements
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- 7 Steps to Scalable workbook
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