Joel Libava
There are lots of things you get when you buy a franchise-when you become a franchisee.
One of them:
The Franchisee Network
This may be the best part of the franchise business model. As you learn more and more about the franchise offering that you are interested in, you will find that the franchise director or salesperson can only go so far in dispensing pertinent information about the franchise opportunity. It will be time for you to reach out and talk to the network of franchise owners who are in the business that you may want to get into yourself.
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When you end up becoming a franchisee, guess what? The same people that you called upon to provide information during your franchise research, will be the same people you call on for help during your time as a franchisee. They may even become your friend!
Here are 4 other great things you’ll receive when you become your own boss, from an article I wrote for Small Business Trends.
(Come on back when you’re done. I have more to share.)
Top 5 Things You’ll Get When You Buy A Franchise Business
This is important.
The great things you’ll get when you buy a franchise business-you actually can’t get…won’t get, unless you make a great choice in a franchise. But, how do you choose? How can you make sure you pick a winner?
- You need to learn exactly how to buy a franchise.
- You need to learn how to be you’re own franchise matchmaker.
- You need to learn how to set your budget.
- You need to learn who to talk to in order to get the best information on the franchise (s) you choose to investigate.
- You need to learn what to ask when you talk to “them.” And, how to ask.
There’s more. A lot more. Buying a franchise is something you need to do methodically.
Go here to see what I mean. And, contact me if you’d like some 1-on-1 advice.
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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