The Franchise King®

Don’t Let Your Spouse Ruin Your Dream of Buying a Franchise Business

 

How do you make sure that your spouse doesn’t blow your idea of becoming a franchise owner?

First off, do you remember the “discussion” you had over the kitchen table?

This one

Now, the answer to the question posed above is simpler than you think. You can try real hard to complicate the answer if you’d like, but the amount of energy you’ll end up expending could light up 3 city blocks.

Now, before I share the answer, I need to get some possible sexist stuff out of the way.

In this post, I’m going to use the example of a male looking to buy a franchise, who just so happens to have a female spouse. It’s nothing personal, ladies; it’s just that 90% of the people that I provide franchise advisory services to fit this scenario.

Having said that, I’d really love an opportunity to work with more prospective women franchise owners. The ones I’ve worked with in the past were great to work with.

As I said, I’m going to use a man as the prospective franchise seeker, and his wife as the spouse.

 





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Do This, Men

 

Involve your spouse from day one.  That’s how to get her behind your idea, so she won’t destroy your dream. It’s as simple as that.

If you don’t involve her in something this big, you risk throwing this dream of yours away.

Whether it’s a dream of always wanting to be your own boss, or it’s of the, “I’m not going to work in a corporate job ever again,” variety…it’s still a dream.

And, it’s your dream. Protect it. Hold onto it. Do whatever it takes to get there. Even if it includes involving your spouse.

Now, I know that involving her may slow you down a little. That’s because you’ll have some explaining to do, and you’ll probably want to share all (or most) of the data that you’ve gathered during your franchise search and research.

What’s so bad about that?

Do you know how many men (that look for a franchise to buy) end up not buying one because they didn’t bother to get their spouses involved until the end? (The “end” being, check-writing and franchise loan application time.)



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Here’s the answer; a lot!

 

Buying a franchise is a family decision.

 

Men; it would behoove you to keep that in mind.

 

Unless you want your dream to disappear, like

 

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Maybe you should spend 10 minutes with me. Let’s discuss this important decision together.

 

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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.

Note: When you buy through links on this website, we may earn an affiliate commission.
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Thinking About Buying a Franchise? Read Below.

Most people looking at franchise ownership get overwhelmed fast—high-pressure sales tactics, confusing Franchise Disclosure Documents (FDDs), franchise brokers pushing deals, and expensive mistakes waiting to happen.

That’s where I come in.

I’m The Franchise King®, Joel Libava.

For more than 25 years, I’ve helped thousands of aspiring franchise owners learn how to properly research, evaluate, and buy a franchise—the smart way.

I’m not a franchise broker. I’m not here to sell you a franchise.

Instead, I’m here to help you avoid costly mistakes, ask better questions, and make a confident decision before you invest your money.

If you want honest, practical franchise advice from someone who puts buyers first—you’re in the right place.
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