1. How long has the franchise been in business?
2. Is the franchise’s financial position strong? Can you see a disclosure document.
3. What are the initial start-up costs?
4. What services are offered as part of the start-up?
5. Is training of staff and management offered?
6. Does the franchisor assist in launching the business? Will they be there to guide you in the first few weeks?
7. How much will you pay monthly as a royalty and advertising fee?
8. What advertising and promotional support is offered by the franchisor?
9. Does the company have support staff that will visit your business in person?
10. Can they give you a list of franchisees that you can contact for references? Visit franchisees and ask them as many questions as possible.
Do your research and develop your own business plan
Tagged as: 9 Steps to Building a Successful Website for Small Business, advice for entrepreneurs, BizLaunch Seminars, franchising for small business, How to Market Your Business, small business advice, small business sales, small business success, small business training
Similar Posts:
- 7 Laws of Start-up Success
- What Is Involved In Selling A Franchised Business?
- If You Need Space for Your Small Business Read This
- How to Be a Bad Salesperson
- Harness the power of word-of-mouth marketing
