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?
Contact me BEFORE you buy a franchise
*Image courtesy of Ed.ward on Flickr
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