The Franchise King®

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).

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}

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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! 


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franchise article written by joel libava
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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 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 Wrote The Book
Joel literally wrote the book on becoming a franchise owner. He is very knowledgeable (and very forthcoming) about the ins and outs of buying into a franchise system. I recommend Joel for concrete advice on evaluating the business end of franchise opportunities ."
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