10 things to know before buying a franchise
Microsoft Small Business Center
By Joseph Anthony
With many people living out their dreams running franchises, there's gotta be something right with the whole concept.?
Literally hundreds of thousands of franchise operations exist, offering some people a chance to become millionaires buying and running them. Many are willing to pay significant sums to get into a franchise - I'm told it costs about a half-million dollars to open a McDonald's, which by some measures is the most successful franchise operation in history.
All that aside, buying a franchise is not an easy ticket to business success. For every success, there are many more failures, and the business landscape is
littered with franchise fiascos due to conflicts between franchisees and franchisors.
You have to practice the same due diligence as a
franchise purchaser that you would with any major investment. In fact, in some ways you have to ask even more questions than you would if you were simply opening a business - because you have to understand issues involving the franchisor, as well as the usual risks involved in opening a business.
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Denise says: 2009-03-23 17:49:18
Great tips for making your franchise successful. Doing the research before you purchase a franchise business is the best advice of all, would like to recommend this website http://www.franchisefordads.com , I found my franchise business on this site, great site with a lot of advice to help you start up.