It’s critical to make the right choice in a business opportunity or a franchise system. As a Franchise Broker, I know that individual selection criteria can differ widely. What’s important to you may not be as critical to someone else. The key is to understand the universe of factors at play in terms of the fit of any particular franchise opportunity to your skills, experience and desires.
That’s why I always tell my clients to read case studies about how different franchisees came to their selections. Stories like this offer great insight into the difference between success and failure of a franchisee’s business.
Take a look at this one couple’s story by clicking here:
How a Couple Selected their Franchise System
They have owned their franchise for 10 years. Here’s an excerpt of why they went with franchising:
While getting my MBA in the early 2000s, I studied the success rate of new businesses and knew that the statistics were dismal. Since I had never started a business of my own, I was very aware that there was a lot I needed to learn. I felt that purchasing a franchise would equip me with proven systems, brand recognition, and marketing campaigns in one of the most crucial phases of the business—the startup phase. These tools were more than I would have been able to acquire on my own, especially at the onset of the business. I firmly believed this would give me a competitive advantage and ultimately, give me a better chance of being successful.
Contact Franchise Broker Vicky Tade
Discuss this article with Vicky Tade, seasoned franchise consultant, and learn some key tips of selecting the right franchise system. Her insights will help you understand what you need to look for in a franchise opportunity to maximize your happiness and your success.