There is a lot of speculation about investing in a franchise right now. This is just a brief blog on a few simple thoughts about franchising in general.
A Franchise Business (and particularly one in an established franchise system) represents a business plan that has been "perfected" to some degree. Sure, most franchise systems or concepts can be improved upon in some way, but a franchise plan (as opposed to a single operating business) has already been scrutinized by more than just its owners/creator - and existing franchises have of course already been tested by other franchisees.
Don't be afraid to contact existing franchisees in the system you are interested in investing in. Many industry professionals agree that franchisees are the single most valuable resource for gathering information regarding a respective franchise system.
There exist many resources for franchise guidance and consulting. Most of these resources are also free to the interested entrepreneur seeking a franchise investment. Some simple advice: seek a franchise consultant who specializes in the system you are interested in investing in. Most franchise consultants are commissioned by franchisors seeking qualified investors. Be wary of any franchise consultant "pushing" any one franchise on you. If the consultant really has your best interests in mind, they will take their time and strategize a course of action unique to you.
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