Best Franchise Opportunities: Choose a Franchise

Best Franchise Opportunities: Choose a Franchise

So you have been looking at franchises for sale. Did you know that according to the U.S. Small Business Administration that 30% of all independent businesses fail in their first year? Yet less than 1% of all franchises fail in the first year. Pretty amazing, huh?

Furthermore, a new franchise opens every 8 minutes in the U.S. There are more than 8 million people employed by U.S. franchisees. And franchisees in the U.S. produce over $800 billion in annual revenue!

So now that you have made the decision to buy a franchise, what next? Which one do you choose?

Here are 10 tips for selecting a franchise.
1. Choose a proven franchise with a lengthy history of success. Enough said.

2. Make sure that the franchiser has a proven management team and is willing to give you and your team the necessary initial training for success. It’s like if you buy a new car. Wouldn’t you want someone to show you how to drive it?

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