What questions do I need to consider before purchasing a franchise?
Purchasing and operating a franchise is entrepreneurial coloring inside the lines. You get the rush of working without a net, without having to come up with all the answers.
The bad news is that the franchise universe is very broad and intimidating. The good news is that the fundamentals you apply to conduct your research are basically the same, regardless of the franchise you choose.
To establishing a strong foundation on which to build a successful franchise operation, build your inquiries of the franchisor around these four franchise fundamentals:
1. Proven prototype
2. Strong management team
3. Sufficient capitalization (theirs, not yours)
4. Comprehensive training program
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