In her article,"
Consider With Care: Tips for Evaluating a Franchise Opportunity",
Jill McCullough offers some of the following helpful points:
- Search new sources about the franchise opportunities and, specifically, the franchisors that you are considering;
- Find out if the franchise system you are considering is focused on the franchisee and a quality product and not just interested in a fast growing franchise with lack of support and resources for the franchisee;
- Speak with multiple franchisees in the franchise system ranging from franchisees that have been in the business for the past 3 to 12 months and also franchises who have went through a renewal cycle;
- Speak to a qualified franchise attorney and your CPA.
One critical point that prospective franchisees should recognize that there are abundant research and information resources on the internet including
New York Franchise Law Blog,
Franchise King Blog,
Rush on Business and
FranchisEssentials.
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