The Franchise King®

Franchise Development; Is Your Business Idea Really Franchise Material?


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

Is your independent business, or great business idea, ready for prime time?

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

I told you so. Look

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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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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 is Highly Principled
There are many people in the franchise business who claim to to be experts in the field. Unfortunately many of them lack both knowledge and integrity. Joel, however, is without question one of the most qualified and principled people I know, in or out of his industry."
- Greg Reynolds, Retired Outplacement Counselor
"Many receive advice, only the wise profit from it."
- Harper Lee

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