In "The Dirty Little Secrets Lurking in Your Franchise Contract" Stacey Alcorn a former real estate franchisee does a good job of remininding prospective franchisees about the unintended impact a franchise agreement can have on your future business options. Stacey mentions a few points that related to her franchise agreement‚ including the impact of the non-compete covenants. While your concerns (unless you are in a very similar position to Stacey) may differ from Stacey's‚ the overall point that she advances is that prospective franchisees need to consider the future impact of a franchise agreement.
There are many points that you should consider and evaluate before you sign a franchise agreement but please take some time and consider the following:
There are other factors to consider but they will largely be dependent on who you are‚ your business goals and your franchise expectations. So take the time to evaluate the future "what if's" before you sign a franchise agreement.
Category: Buy a Franchise
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