You do understand how the franchise business model works, right?
For example, you know that:
- The franchisor came up with the business concept
- The franchisor is the real entrepreneur
- The franchisor gets to write the rule book
The Franchise Rule Book
The book is usually pretty thick.
Actually, there’s more than one rule book.
For example, you’ll find all sorts of rules in the actual franchise agreement.
Also known as the franchise contract, it contains paragraph upon paragraph of rules and regulations that you’ll be expected to follow as a franchisee.
You’ll also find some rules in the franchise operations manual.
You’re okay with rules, correct?
You will follow them, right?
*Image courtesy of Ed.ward on Flickr
Click Here Before You Buy That Franchise You've Been Looking Into"I was pretty focused on a particular franchise opportunity when I reached out to Joel Libava. In the course of a 1-hour conversation, Joel was able to provide direct advice to help clarify the process for me and help guide me through the next steps in my vetting process. He even put me in contact with other professionals who were able to help educate me further in my particular industry. The time and money were well spent."
- Brian Grayson, Franchise Buyer, Cincinnati