The Franchise King® | Learn How To Become A Franchisee

Franchise Choices/3 Things to Beware of {Part 3}

Now, I will discuss the 3rd thing to watch out for, when investing in a franchise business of your own……..

(This post may contain affiliate links. Please read my disclosure policy).

Don't miss out!
Free Franchise Buying Checklist!
Every Franchise Buyer Needs This
Invalid email address

The 3rd thing to watch out for is the "selling". In my experience,  the franchise companies I choose to work with {And visa-versa}, are the ones that "award" franchise to my candidates…not sell them the franchise.Another words, the potential franchisee {you}, must pass certain formal and informal qualifying steps. An example of a formal qualifier is net worth. If the net worth minimum requirement for a franchise is $300k, and your net worth is $450k, you have formally qualified.An informal one is calling X number of current franchise owners in a 5 day period, as discussed with the franchise development director.You and the franchise development director discussed this part of the research process, and you agreed to call X number of current franchisees within a defined period.

The good and great franchise companies are constantly evaluating  you, and  your actions. Are you following through with the things you agreed to do.Did you call the franchise development director on Thursday at 11:00AM, as promised? {just an example}

If You're Determined To Seriously Improve Your Odds Of Choosing The Right Franchise To Own, Check Out My Guaranteed Franchise Research Guide!

franchise guide

When I stated that "selling" is an important thing to beware of when investing in a franchise of your own,
did you think I meant that you should not really have to be "sold" on why you should invest in a particular franchise opportunity?

Another words, if you have spent a measley 2 weeks investigating an opportunity, and are feeling "heat" from the franchise development director..i.e. "You really better move fast on this opportunity, before someone else does", then you need to take a step {make that 2-3 steps back}from this "opportunity.
As I said before, good to great franchise companies "award" franchises to the right folks. They don’t "sell" them.

If you would like to learn more about what to beware of when investing in a franchise of your own, you can e-mail me {Joel Libava} at:
franpro at sbcglobal dot net. You can even call me at 216-831-2610, or use the toll-free franchise info line, 1-800- 460-8299. Good luck! 


Please Share This Article!
Note: When you buy through links on our site, we may earn an affiliate commission. In addition, I've started to use AI to help me craft better article titles and headings.
joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

Joel is the absolute best. Do NOT engage in any franchise until you have consulted with Joel. He will save you tons of money and grief. I am absolutely convinced that if I had found Joel before I signed on all the dotted lines and spent some money with him, I would have avoided my looming crash and burn."
- Andy Mark
Free Franchise Tools Franchise Compatibility Quiz Net Worth Calculator
VIP Franchise Newsletter

Recommended Reading
How Franchises Work
How Much Is A Franchise?
Pros And Cons Of A Franchise What Is The Franchise Fee? How To Buy A Franchise
Best Franchises To Own

Top 33 Business Opportunities Starbucks Franchise Facts
Featured Franchises!
10 Best Franchise Websites
About Franchise Consultants
How To Read A FDD
Questions To Ask Franchisors
Questions To Ask Franchisees Franchise Discovery Day Franchise Reviews
A Unique Franchise Loan

Top 10 Franchise Buying Tips