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Franchise Development; Is Your Business Idea Really Franchise Material?


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Or, is it destined for re-runs, or as an also ran, or a has-been, like this franchise?

I told you so. Look

It still amazes me. Just who does the market research for these new "concepts?"

Now, what if you're a prospective franchise owner, and you're looking for something that's hot? Most "Hot Franchises" happen to be pretty new.Which creates a conundrum for folks looking to research those Hot Franchise concepts;

Who can they validate the concept with? If there's only 4 franchisees in a new chain to call, and/or meet in person, is that enough of a sampling of owners to make a low-risk decision?

In an article in the most recent Entrepreneur magazine, some good tips were given for investigating new franchise concepts. Read

Also, check out these online franchise courses, here. One's Free!

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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
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