If you decide to become your own boss, and buy a franchise business, there's one thing you can do to increase your chances of franchise failure;
Buy emotionally. That's it. Instead of first learning what a franchise business really is, and taking a methodical, step by step approach to a major decision like this, just go ahead and buy a franchise because you like it. Hundreds of others have done just that. They're what's known as ex-franchise owners. They were high-risk franchise buyers.
Recently, I decided to develop a few online courses on franchising. I came up with what I think is a cutting-edge name of my little project;
*** Exceptional Home-Based Franchise Opportunity! ***
Own a business that provides a service that solves a major problem for families all over the U.S. Learn about this low-cost franchise that will put you in the driver's seat of a booming industry
But, I think I kind of blew it. The word "University" may be scaring people away.
Please make sure everyone you know who has lost their job, and is starting to say things like, "Maybe I should do my own thing," or "I think it's time for me to be the boss," or I'm going to look at some franchises," knows about Franchise Online University.com
You'll be helping them tremendously. There are ways to lower risk. Getting educated before jumping into something is about the strongest.