Small business answers — NOW!

First franchise question

Question
How do I determine if buying a franchise is for me? 
Answer
First, franchising is not for everyone. Owning and running a franchise is entrepreneurial coloring INSIDE the lines, which means that compliance with franchise operating procedures is a must, leaving little room for creative change.

Consequently, as a general rule of thumb, but by no means a requirement, those who have either worked within a corporate structure are typically the best candidates.

It's important that you decide before you invest in the consideration of a franchise, and absolutely before you invest money in one, whether you can and will follow the system, the operations manuals, and the rules. 
Brain Trust contributor: President-Life Changer of Franchise Selection Specialists Inc.
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 1943