Joel Libava
Can you really buy a business that’s 100% set up…a “business in a box?” Let’s find out, because it sure sounds good!
A Business In A Box?
What does that mean? What do you,”see” when you read that sentence?
I know what I see.
- I see a franchise business that’s already set-up, and just needs someone to buy it and run it. If it’s a retail type of business not a essay writing website, all the fixtures are in, the shelves are stocked, and the point of sale system is plugged in and ready to go.
- I see a business that’s already to go, and should be easy to manage-since everything has been set-up.
- I see a business that should be easy to make money in, since it’s already set-up and systematized.
- And, since it’s a business in a box, I’m obviously not the first one to own one of them, so naturally it’s a proven business.
Who Constructed The Box?
Who is the entrepreneur that built the box? Credentials, please.
Does this person have a successful track record in business?
Has this person–the franchisor, done real-world testing of the business?
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Does this franchisor have a top-notch team in place to support numerous boxes?
In other words, does the franchise opportunity you’re thinking of investing in have teeth?
(Courtesy of Karen_O’D, on Flickr)
Are Other Box Owners Profitable?
The only way to find out if other owners of this business are happy-and making money, is to contact them personally, and ask them.
That way, you won’t have to assume that a ready-made business-one that comes in a box, is a successful one.
And, it’s really easy to get real answers if you know what questions to ask…and how to ask them.
It’s Your Lucky Day!
That’s right; you’re in luck.
If you’ve never investigated a franchise business opportunity, you’ve come to the right place. The blog posts listed below will get you started on the right track. After all, if you’re going to invest in a business in a box, you’re going to want to know if it’s a box worth pursuing.
So you can have a good shot at owning what you do.
What Does it Mean to Buy a Franchise?
How to Avoid Getting in The Weeds
Franchise Research Steps/Entrepreneur Magazine
You Don’t Have to do This Alone
Do you own a business in a box? Do you like it? Are you making money?
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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