Franchise Opportunity – What Questions Should You Ask The Franchisor?
With all franchise opportunities there are a few questions that all potential franchisees should ask of the franchisor. Bear in mind that this relationship could last many years and your business potential and your future happiness rests on the answer received. Money whilst important in the decision making process is by no means the only important consideration in business.
First and foremost it is important to ask about the franchisors background. Their experience in business and their knowledge of the field that you are about to enter in should be comprehensive. Not only will this give you a chance to inquire about their knowledge but will also help you understand the people behind the business opportunity that you are about to enter.
How does the franchisor evaluate new franchisees? If this has not been as well developed as it should be then surely it questions the value of the franchise as well. All franchisors should have a clear understanding of the types of people they are searching for and clear guidelines as to how evaluate and score them. Bear in mind that a chain is as...
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